The Chinese or any other government can try to control it but they can't. Thats why its called decentralized. You would have to disconnect every node running and wipe them entirely. If one node is running then all of the blockchain data is still available. I wasn't sure where the most nodes were located so I looked it up and the US has the most with China in 5th place with 400 nodes online. The US has 2619 nodes as of August 14, 2017.
But yeah its early and we will see where it goes. I happen to believe in this technology and think its going to bring about change to the financial industry. Some of the biggest VC's in the bay area are starting to get behind these blockchain companies.
What's funny is I knew nothing of this space yesterday and with a few calls to my peer group, this popped out. LOL seems like the space is bigger then I thought. I'm gonna head out and check out his space to better understand the backend
My buddy is launching a blockchain social media company shortly, for very much this reason. (well and the removal of a required infrastructure.)
An Example:
We have created an example application that is basically a peer-to-peer alternative to Twitter. We call it XXXXXX, because And because all this social media certainly feels like a mess at one level, at least to us.
When someone uses a holochain application (like XXXXXX) they run a copy of the application on their device (their phone for example). This allows them to send messages, browse other peoples feeds etc. It also allows them to store and host a randomly selected subset of the content generated by that application community. This hosting is, by default, the responsibility that accompanies their participation in the community. This communal responsibility for hosting makes it so that applications can be run with no webservers, no centralization, and no need for ads or other revenue generation to pay for hosting.