Topic: [2019-01-01] journalducoin.com - China:poll shows progress in adoption of crypto (Read 188 times)

This probably after some news that brought up where crowd funding activities ICO will be name to STO Security Token offering. This is more what investors do like because the STO were registered on the US government and this will be likely to be the reason to minimize scam and fraud project.

It is indeed a good and a new development as expected from the experts or from the US government where we could expect good results from them. I totally trust the US governments and other countries that will going to follow. Sooner or later cryptocurrency adaption will not be difficult anymore because it will be accepted by countries and then cryptocurrency will step up in a new way.

Just feeling positive with the new update.

I posted this but it indeed lacks some important information. I have the feeling that the panel of people who replied to the poll were probably all 20-40 years old, and not older than that. But I know for a fact that Bitcoin and cryptocurrencies in general are very well known in China, just like in South Korea or Japan. I think if you take the same in Japan you will obtain very similar figures.
I am an European myself and we are so late on this (as usual).

Ok, sounds like a good poll. Most polls I see even only interview a few hundred people at the most, but this has 4200, which is a really good sample size... of course since there is no other way to see how these guys were chosen, we can't say how good that sample size is!

But anyway did we ever need proof like this to say that crypto adoption is growing in china? In fact, every time the government bans something, the people are more interested. And they don't need permission from their government to use Bitcoin. They just go online, bypass Great Firewall, and they're using Bitcoin and learning about it. Strange but fighting Bitcoin just helps adoption.

98,22% of the interviewed people had already heard about blockchain or Bitcoin before

is it me or is there something wrong with this figure?
I don't think it is possible that out of 4200 interviewed 4125 have heard about blockchain and bitcoin
also 98,22% out of 4200 = 4125,24 so there is this quarter of a guy who is into crypto
looks like China does have an advanced banking system, but bitcoin is so much more than just a means of payment
I believe if their banks and exchanges were not banned from using bitcoin there would have been one big cryptoboom

China is very competitive so they won't want to be left behind. The Japanese are pushing forward with crypto adoption so China will probably follow suit. EOS and NEO are great platforms, as is Cardano so it will be interesting to see who comes out on top

Interesting information. Maybe in order for people to become interested in cryptocurrency, it is necessary to limit it a bit to walking, as it did in China? The Chinese government has been struggling with cryptocurrency for almost two years now, and the demand for it, and most importantly, the number of users is only growing. The forbidden fruit is always sweet.

First day of the new year today, and very interesting article in French https://journalducoin.com/bitcoin/chine-un-sondage-indique-des-progres-dans-ladoption-des-cryptomonnaies/ that I will try to translate the best I can:

China: a poll shows progress in adoption of cryptocurrencies

Despite the interest of the Chinese government and its ongoing monitoring of cryptocurrencies and blockchain protocols, the ban on ICO (Initial Coin Offering) and the ban on the country's crypto-exchanges at the end of 2017 had dealt a blow to Chinese investors. Circuits were quickly used - VPN, offshore exchanges, etc. - and according to a recent survey, the Chinese population seems globally well advanced in its adoption of the world of cryptos.

This is a first poll done by the Chinese crypto-media PANews, covering 4200 inhabitants, which tells us that, although 63% of the panel think that cryptocurrencies are not essential as a payment system, there are 40 % of them who would seriously consider investing in cryptocurrencies.

14% of respondents have already invested in cryptos, the majority of these investors were born after 1990.

It is also necessary to say that the 63% who do not think cryptocurrencies are crucial as a means of payment live in a country (China) where the mobile payment (by QR code in particular) is already much more advanced than in the West, which limits the interest of Chinese for this specific use of cryptos. In countries with high inflation, in Africa, or even in some other Asian countries where the population is poorly banked, the interest in this case of use would probably be quite different.

Another interesting information of this survey: 98,22% of the interviewed people had already heard about blockchain or Bitcoin before (note: I can tell you personally that in 2013, I had rather the impression that the proportion was the opposite, especially in France), and 9% of the total panel even thinks they have a solid understanding of cryptocurrencies.

However, there is obviously some way to go by cryptos to facilitate their adoption: 60% of respondents perceive the complexity in the exchange and storage of cryptocurrency, which are still real obstacles to wider use.