Actually, you are trusting an institution called the chinese government. Bitcoin mining is concentrated in just a few companies in china that could easily coll

Actually, you are trusting an institution called the chinese government. Bitcoin mining is concentrated in just a few companies in china that could easily collude to own 51+% mining share. If the chinese government decides they want to destroy bitcoin, they can easily do it at any point: https://medium.com/@homakov/how-to-destroy-bitcoin-with-51-pocked-guide-for-governments-83d9bdf2ef6b https://medium.com/@homakov/how-to-destroy-bitcoin-with-51-p...