Topic: china may fuckup bitcoin after russia (Read 2621 times)
Expansion of China is huge.
I think this is a good thing. No more chinese here.
China will move everywhere!
I think this is a good thing. No more chinese here.
and may use their miners to 51% attack the btc network?
It now appears that will not. Miners and official stance is not the same. They already did that once, but Bitcoin still held up. So I dont think further implication won't cause much trouble.
Cool story..
China might be sabotage bitcoin, make something new and take credit for everything. 
no government required, you managed to fit a lot of stereotypes in there congratulations -
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
that's what i am thinking about, China didn't totally ban bitcoin, they just reserved their stand, and there is large volume of transaction in BTC exchange,
i think China doing so is to protect their CNY, that's quite reasonable, every country will try their best to protect Fiat.
The huge volume of BTC transaction there is faked as well as a lot of their balance sheets.
They already did that once, but Bitcoin still held up. So I dont think further implication won't cause much trouble.
They didn't go in for a ban last time around.
They already did that once, but Bitcoin still held up. So I dont think further implication won't cause much trouble.
China is waiting to release bad news once we move up they hate it when we go up.
no government required, you managed to fit a lot of stereotypes in there congratulations -
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
that's what i am thinking about, China didn't totally ban bitcoin, they just reserved their stand, and there is large volume of transaction in BTC exchange,
i think China doing so is to protect their CNY, that's quite reasonable, every country will try their best to protect Fiat.
China is a communist state as Russia before. Their communist gov is evil, and have killed millions of people and destroyed culture. They hate any freedom and human right.
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
Are you surprised to their reaction since scores of corrupts party officials used BTC to illegally export their fortunes abroad without leaving a cloue to police? Given such facts are you surprised that the current PRC President who is fighting his party corruption (to keep is power, not for people sake) instructed their LEOs, Judges, Prosecutors & other Party's official to suppress BTC?
China is a communist state as Russia before. Their communist gov is evil, and have killed millions of people and destroyed culture. They hate any freedom and human right.
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
As you knew, China has banned this site bitcointalk.org after their central bank banned btc. I knew there are many Chinese trade btc and ignore gov's ban, but if communist party throw them to jail for bitcoin?
Because now China is "anti-terrorism" and banned foreign videos on web(after they banned youtube, their own sites still have),and they banned google, banned fb, twit. etc.
So I Think The fucking communist party will fuck up bitcoin in china, and may use their miners to 51% attack the btc network?
It is a very common misunderstanding that having 51% of the hash power will "destroy" the network.
Actually the network will be intact, but it gives them the ability to double spend their own transactions.
There is also some lucked involved, they have to maintain 51% and be lucky at the same time over a period of time.
It would cause drama and media attention for sure, but bitcoin dev could relatively fast fork and release a new core and the majority of the "true" users would follow.
And all the "attack hashing" from the attacker would be wasted, since the double spends would be reversed in the new chain.
China does not want to ban btc.
Notice there are lots of China banning btc news coming out but people in China are still using it.
If China is seriously banning btc, they would ban people from buying btc in China.
You cant do that. In any case banning is a double edged sword, it will make for people to grow a fascination with Bitcoin, just how people is fascinated with weed. I reckon if it was legal, it wouldn't be seen as cool and interest would actually decline. Banners can't win. Notice there are lots of China banning btc news coming out but people in China are still using it.
If China is seriously banning btc, they would ban people from buying btc in China.
no government required, you managed to fit a lot of stereotypes in there congratulations -
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
i rather see China as a leader of free markets is many aspects, it is of course a chaotic and schizophrenic free market.
but nevertheless more open with much more competition than the "west"
China does not want to ban btc.
Notice there are lots of China banning btc news coming out but people in China are still using it.
If China is seriously banning btc, they would ban people from buying btc in China.
Notice there are lots of China banning btc news coming out but people in China are still using it.
If China is seriously banning btc, they would ban people from buying btc in China.
What China gov care about is just protecting CYN and increasing ASICs miner sales to get more taxes. Forget about 51% now, it is in China interest to sell as much as possible ASICs units
Yes, since whole China economy stand on ASICs units.
What China gov care about is just protecting CYN and increasing ASICs miner sales to get more taxes. Forget about 51% now, it is in China interest to sell as much as possible ASICs units
China has had to undergo mass industrialization very quickly they doing pretty well and they built the 3 gorges dam that puts out about 3 watts per person continuously
Nothing like a government ban to drive mass adoption.
People always want what they are told they cannot have.
People always want what they are told they cannot have.
Derp
Jump to: