Topic: American government report :China is the economic threat of bitcoin on the globa (Read 798 times)

http://www.coindesk.com/beijing-summit-bitcoin-ban-no-one-cared/


Only if people missed the point...but I think the government is in a screwed position. It's not a threat now so no reason or grounds to ban it...and by the time it starts being one, too many businesses will already be doing business in bitcoin...governments can no more ban bitcoin than they can ban the internet. They can get all iron fist over exchanges like ISPs but all they'd do is create a stronger underground they have zero control over.

I agree the btc genie's out of the bottle. They can flex but at the end of the day, they can't do shit about it but fear monger...and even that's pretty impotent. Had they been "smart" (sort of) they could've treated it like the Liberty Dollar and confused people who didn't know much about it, and done it 4 years ago. Instead they called it property, assets, and well...they legitimized it. The have acknowledged, the usg anyway, that it's treated as a legit asset...so they can't turn around and outlaw it because that would mean they have to admit they were wrong...

...and when have you ever seen any government step up and go, woops, we screwed up, webad!?

Governments can be a threat of bitcoin

Yes china is a threat to btc but what there really trying to do is stop it from hurting there currency. Which in perspective is understandable.

The US Gov follows both Bitcoin and China closely, so to me it makes perfect sense that they would write a report on both of them. The US Governement would never ignore both a major monetary technology and one of the most powerful nations in the world.

No.

People buy bitcoin (or generate) ... then, when merchands don't do money (fiat), they accept bitcoin.

for now, china is not in crysis plan.

It does not matter one iota that right now, the Chinese populace is behaving obediently toward their Emperor's anti-crypto dictates. Sooner or later, the dominos will fall.

Yes, I used the word Emperor deliberately, no I am not joking about its use.

China have "copied" everything that the West have tried to sell to them in terms of software and IT. Look at their youtube for example. Why the hell would they not make their own Bitcoin? Be real people. If/When CHinese government takes a real stance on Bitcoin it will be to launch their own version, just like they've done with youtube and a ton of other stuff..

Yes, the policy from central bank of China will have a great impact on the development of bitcoins.

A new American government report claims that the suppression to bitcoin from China will make a bad effect on bitcoin global economy .Compared with the measures American government takes ,Chinese measures may decrease bitcoin marketing price and trading amount rapidly .

When bitcoin entered China shortly ,its price reached the highest .But recently ,with the policy from central bank of China ,bitcoin price decreases to the lowest .During the time ,the attitude towards bitcoin from Chinese government lacks transparence ,while the policy intent is unclear .
The suppression to bitcoin economy of Chinese inland brings the opportunities to some area ,such as HongKong .

Though with suppression ,bitcoin will not exit from China .Like huobi and okcoin struggle to improve bitcoin cognition in China .According to the report ,how long the suppression from Chinese government continue is the difficult problem .


Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can  correct it.
Source http://www.yibite.com/article-3271-1.html