[smnplk]

I am not sure if this is completely true. Bitcoin core can change via Bitcoin Improvement Proposal process. If 95% of miners vote for a specific BIP it gets into core. Now I am not sure what happens if 95% of miners are in China.

[tradri]

Yes, I assume that the core rules will not be changed, which requires an element of trust, making it more similar to FIAT currency than gold in that regard.