China Declares War on Bitcoin (?) | Bitcointalksearch.org

anotherdayyyy

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Now, in May 29, 2021, I think your post is very predictive and funtctions like a prophecy! Sure, we all know the fact that China banned Bitcoin not for the planet, which is crystal clear. To optimize the environment, they can invset on green energy. Limiting Bitcoin mining is nothing but an impotent excuse Sad

China is just trying to find way to deal with the crypto market and make some adjustment to exploit people and gain some control Bitcoin. They are looking for a centralized door to open the decentralized stage, maybe they will launch a crypto coin that is government oriented for Chinese and impose consraint on them...then maybe taxes would be put on cryptocurrencies...
Bitcoin trend is non-stoppable. I'm sure China can only intergrate into this. Banning Bitcoin for a long time is never pragmatic

ANTOH

newbie

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我不能评论政府的作为！可以说明我们的人民是非常善良的听话的，我们的人民也是非常勤劳的人民！我们都喜欢BTC LTC IFC DOGE 是因为它们的去中心化更加的公平公正更符合全世界普通人民大众的利益

Anonylz

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Quote from: ANTOH on March 28, 2021, 09:03:46 PM

中国对于先进的科技创新技术信息总是这样，首先持有观望态度从中寻找赚钱的机会，有些用心不良的有权有势的人就会想方设法的去控制为自用！否则就会动用手中的权力加以干涉！而BTC LTC IFC DOGE 这些去中心化的币种他们是有爱又恨想得到却又无法控制

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This is always the case in China for advanced scientific and technological innovation and technological information. First of all, it holds a wait-and-see attitude and looks for opportunities to make money from it. Some powerful and powerful people with bad intentions will find ways to control it for their own use! Otherwise, you will use your power to interfere! And BTC, LTC, IFC, DOGE, these decentralized currencies, they love and hate but they can’t control it.

Never seen a country so obsessed with power and control (beg your pardon) but this is how I view their constant change of approach towards crypto or btc specifically, if this is for selfish interests only and not because of the welfare of the people, then too bad because unfortunately they can't completely achieve their goal since they can't control everything, people understand their petty game much better now.

ANTOH

newbie

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中国一向都是会打击不受控制的任何事物，继内蒙古严打挖矿（比特币）行动之后，新疆五彩湾大型比特币挖矿场很快会受到打压！四川随后也会行动。。。。。。

ANTOH

newbie

Activity: 11

Merit: 0

中国对于先进的科技创新技术信息总是这样，首先持有观望态度从中寻找赚钱的机会，有些用心不良的有权有势的人就会想方设法的去控制为自用！否则就会动用手中的权力加以干涉！而BTC LTC IFC DOGE 这些去中心化的币种他们是有爱又恨想得到却又无法控制

7788bitcoin

legendary

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Quote from: jjdub7 on March 28, 2021, 12:35:00 PM

In my opinion, the definition that China is against Bitcoin is not very accurate. They have a big program to reduce bad emissions, which was launched years ago and is underway now. The closure of Mongolia's Bitcoin mines is part of the province's domestic policy and their way of achieving the government's set goals for reducing bad emissions and pollution that all provinces in China have.
And I think the smaller part of these Bitcoin mines are in Mongolia, and that won't affect the market much.

The accurate part would be, China banned bitcoin trading back in 2017 and the exchanges running inside China were forced to relocate so that they could function and you think that it was done for greener energy plan set by the government Tongue

. They always had some sort of plan to control the entire population and certainly their citizen and bitcoin gives them the financial freedom and their government does not want to give that and hence these steps against the bitcoin market.

jjdub7

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In my opinion, the definition that China is against Bitcoin is not very accurate. They have a big program to reduce bad emissions, which was launched years ago and is underway now. The closure of Mongolia's Bitcoin mines is part of the province's domestic policy and their way of achieving the government's set goals for reducing bad emissions and pollution that all provinces in China have.
And I think the smaller part of these Bitcoin mines are in Mongolia, and that won't affect the market much.

cryptojigga

newbie

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Then i think BTC scaling to prove of take is coming soon with the help of other blockchain.

Quote from: Hydrogen on March 10, 2021, 06:23:24 PM

https://www.youtube.com/watch?v=4hZU7qska34

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China Uncensored
1.56M subscribers

China declares war on Bitcoin. Inner Mongolia, where a huge amount of bitcoin mining occurs, will be banning it. But the Bitcoin news is part of a broader attempt by the Chinese Communist Party to create a national digital currency that the Party controls.

....

China claims it must "crackdown" on bitcoin to save the environment and the planet.

Given that a high percentage of cryptocurrency (pow) mining is powered through hydroelectric and green energy. The cost of which helps fund the expansion and development of cleaner non fossil fuel based plants around the world.

Perhaps we can propose an alternative if china is serious about fighting climate change and being Greta Thunberg's proud poster boy.

Quote

Chinese companies to build 700 coal plants in and outside China

Citing data gleaned from the world’s biggest developers of coal-fired power plants, Urgewald found that of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it. Specifically, that means 700 new coal plants, with most to be built in China, and about a fifth outside the country, according to figures provided by Urgewald and reported by the New York Times:

SIGN UP FOR THE ENERGY DIGEST
Overall, 1,600 coal plants are planned or under construction in 62 countries, said Urgewald, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world’s coal-fired power capacity by 43 per cent.

The fleet of new coal plants would make it virtually impossible to meet the goals set in the Paris climate accord. Electricity generated from fossil fuels such as coal is the biggest single contributor globally to the rise in carbon emissions, which scientists agree is causing the earth’s temperatures to rise.

https://www.mining.com/chinese-companies-build-700-coal-plants-outside-china/

China is known for having 14 out of the top 30 most polluted cities on the planet due to its heavy reliance on coal. In some places the air pollution is so bad, it is claimed simply living and breathing the air is like smoking two packs of cigarettes a day.

I am curious to know what peoples thoughts on these topics are.

Could the environment better be protected by china replacing its 700 planned coal power plants with cleaner options.

China is emerging as a hub for solar panel and windmill manufacturing. It is well suited to leverage EV vehicles due to the abundance of rare earth minerals within china's own borders. Its policy of pursuing coal energy in the face of cleaner and more affordable power options remains an enigma to me. Fossil fuel based power is heavily criticized and attacked by the media in the west. While in the east it is embraced with bold plans in motion to extend the scale of coal based operations. How can this discrepansy be explained. What are the motives and reasons behind it.

Bilgent

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Quote from: Hydrogen on March 10, 2021, 06:23:24 PM

China claims it must "crackdown" on bitcoin to save the environment and the planet.

Saving the environment with this action? Really? It is just no more than an excuse for banning Bitcoin. Bitcoin mining is not the only thing which has disadvantages for the environment. There are many other and serious problems than that. Besides, I don't think that mining will always continue to consume too much electric. They will absolutely find green solutions in the future.

Kelvinid

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win lambo...

Quote from: masterrex on March 23, 2021, 07:54:33 AM

I think it is lousy recycled news, thats, why I dont believe it anymore. my point, is how come China will control the uncontrollable, Bitcoin is decentralized and I think it can survive no matter what happens, Let them waging a stupid war against Bitcoin, and then let see what will happens next. the Chinese Communist Party is trying hard to control everything just like grabbing the entire sea like their own lake so what can we expect from them. Just let them lose Bitcoin are here to stay no matter what happens.

They are somehow targeting Bitcoin to fully held at their hands and control it but very unfortunate the situation won't let this thing makes possible.
Chinese government did great before, they support cryptocurrency, in fact, major number of miners are there. But as they are started to banned Bitcoin and force stoppage of their crypto mining industry, that's the time it started the chaos. And there might more similar new to published in the coming days but this just be ignore coz we know that not only China could ruin crypto and stop Bitcoin.

pinkflower

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Quote from: Argoo on March 23, 2021, 09:57:11 AM

Quote from: pinkflower on March 18, 2021, 08:36:13 PM

Other countries that hate Bitcoin will follow China's ban on mining if it is successful. This makes a good reasoning for research and tests on low energy forms of mining like Proof of Space and Time and Proof of Capacity. The wasteful use of electricity must stop.

This is not a war against bitcoin. It is stupid to create conditions for making it difficult to get bitcoins and consider it a war against him. Is it possible for the Chinese government to damage bitcoin by doing this, even if it achieves a complete cessation of bitcoin mining on its territory? Of course not. Even if absolutely all states unite and somehow make it impossible to mine it, then this will not be fatal for bitcoin. After all, about 18 million out of 21 million bitcoins have already been created in the world. Only created bitcoins will be used. However, Bitcoin, if it is banned from mining in China, will continue to be mined in other countries. Therefore, this decision of the Chinese government is more economic in nature.

Okay, it's not a war against Bitcoin but it's a war on mining Bitcoin which is essential for Bitcoin to continue working. But the same problem. Mining Bitcoin has become very professionalized that securing it with the computing power it needs will not be enough without a license.

Om.monata

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Quote from: tbct_mt2 on March 10, 2021, 08:36:05 PM

China again and again. More than 10 years and people are manipulated by news from China. Let me remind you that if news from China can dump bitcoin, it will also be able to pump bitcoin.

The last pump with news from China is Xi pump in October 2019. That news: CRYPTO MARKETS PUMP AS PRESIDENT XI CALLS BLOCKCHAIN A ‘BREAKTHROUGH’

More than one year from that news, do you think China plays big role to the growth of blockchain industry?

China seems to have had a big influence on crypto, although its policies have always been controversial. but this is the global market, we can't forbid china to make any issue, now any news that comes out of china always affects crypto, i think if china is preparing a surprise for crypto,

Argoo

sr. member

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Quote from: pinkflower on March 18, 2021, 08:36:13 PM

Other countries that hate Bitcoin will follow China's ban on mining if it is successful. This makes a good reasoning for research and tests on low energy forms of mining like Proof of Space and Time and Proof of Capacity. The wasteful use of electricity must stop.

This is not a war against bitcoin. It is stupid to create conditions for making it difficult to get bitcoins and consider it a war against him. Is it possible for the Chinese government to damage bitcoin by doing this, even if it achieves a complete cessation of bitcoin mining on its territory? Of course not. Even if absolutely all states unite and somehow make it impossible to mine it, then this will not be fatal for bitcoin. After all, about 18 million out of 21 million bitcoins have already been created in the world. Only created bitcoins will be used. However, Bitcoin, if it is banned from mining in China, will continue to be mined in other countries. Therefore, this decision of the Chinese government is more economic in nature.

masterrex

full member

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Merit: 107

I think it is lousy recycled news, thats, why I dont believe it anymore. my point, is how come China will control the uncontrollable, Bitcoin is decentralized and I think it can survive no matter what happens, Let them waging a stupid war against Bitcoin, and then let see what will happens next. the Chinese Communist Party is trying hard to control everything just like grabbing the entire sea like their own lake so what can we expect from them. Just let them lose Bitcoin are here to stay no matter what happens.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: ?? on ??

Consulting Lee a consulting firm focusing on bitcoin mining is involved in china’s Inner Mongolia decision and industry regarding the ban on cryptocurrency mining bitcoin allows anyone to buy anything from uganda to china in an instant no matter the bank no matter the exchange rate. There is no intermediate agency this currency can be quickly moved from one country to another but in the current currency transfer system it takes a few days to go from one country to another It costs a nominal amount to send this coin from one person to another it does not depend on the amount of money sent again. The same cost to send one bitcoin and one million bitcoins the current money transfer costs a lot of money.

So what you are trying to tell is that they are trying to promote their banking system and hence they wanted to impose restrictions on bitcoin.
It is a strange country for an outsider as i always thought that they were living in a bubble even before the pandemic as the government controls everything including what sites they use and for a country to control a new technology is not that surprising.

Innerpumper

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well, I think it's been happening since 2017, where china and the USA are trying to control bitcoin. However, it turned out that it could not. they are trying to limit and even ban the circulation of bitcoin in the country. We ourselves saw in 2018 some exchanges and cryptocurrency projects closed and very difficult to develop so colabs. I don't know if in the next few years will China re-enter bitcoin to master it? We all know that China is the best country in terms of economy.

pinkflower

sr. member

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Quote from: LogitechMouse on March 18, 2021, 10:40:59 PM

Quote from: pinkflower on March 18, 2021, 08:36:13 PM

Other countries that hate Bitcoin will follow China's ban on mining if it is successful. This makes a good reasoning for research and tests on low energy forms of mining like Proof of Space and Time and Proof of Capacity. The wasteful use of electricity must stop.

Well, do you think that it is really the main reason why China is banning it??
Its just being said to the public so that people will use the CCP's own digital currency which is the Digital Yuan than Bitcoin.

In reality, the CCP just want to use their authority and wants everything in their country to be controlled by them including this thing. They've tried it on 2017 but they failed badly and now they are doing it again. I don't think that they will be successful on this one though and I don't think too that more anti-Bitcoin countries will support them.

I think they wont be successful but high electricity usage and the professionalized mining is becoming an attack vector. The CCP can take licenses away and tax them so high to make it unprofitable them to mine.

Proof of Space and Time would make mining cheaper for the users, more decentralized and exponentially less damaging to the environment.

hector3115

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China is interested in the digital yuan, and nothing more.

bitterguy28

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“FRX: Ferocious Alpha”

Quote from: androyster on March 10, 2021, 06:41:43 PM

That's pretty royal coming from the WORLDS LARGEST POLUTER.

Haha That Makes sense Grin

They are aware of that but yet trying to Put the Blame in bitcoin , How cruel this country is .

LogitechMouse

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Quote from: pinkflower on March 18, 2021, 08:36:13 PM

Other countries that hate Bitcoin will follow China's ban on mining if it is successful. This makes a good reasoning for research and tests on low energy forms of mining like Proof of Space and Time and Proof of Capacity. The wasteful use of electricity must stop.

Well, do you think that it is really the main reason why China is banning it??
Its just being said to the public so that people will use the CCP's own digital currency which is the Digital Yuan than Bitcoin.

In reality, the CCP just want to use their authority and wants everything in their country to be controlled by them including this thing. They've tried it on 2017 but they failed badly and now they are doing it again. I don't think that they will be successful on this one though and I don't think too that more anti-Bitcoin countries will support them.

Quote from: NeuroticFish on March 11, 2021, 05:51:24 AM

And on this "war on Bitcoin" (lol!) topic, I'll come with the fresh news: Chinese Public Firm to Buy $155M of Bitcoin Mining Hardware

Well, a company shows support in Bitcoin Mining base on this article. Might this war declaration a FUD though Cheesy

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