Topic: China to Ban Bitcoin September 30 - Antshares to Skyrocket [Logic Inside] (Read 527 times)

I could understand if you said QTUM would skyrocket but NEO has a huge elephant in the room that nobody seems to either a) be aware of, or b) is flat out ignoring.

I have already found the relevant statement within the ANTShares whitepaper and posted it on telegram several times and now I can't be bothered to do the same.  Anyway, it goes like this.  The Devs of ANT held 15% of the original ANT shares, and released half of the remainder onto the market.  The total amount of ANT was set to 100,000,000 and the initial release was of 50,000,000 with the rest being locked away until 1 full year after the release of the MainNet.  

Are you with me so far?  Okay, the MainNet was released in October 2016 - which means one year from then is October 2017 (next month).  Their intention for this 50 million is for it to be split among the devs to 'support development'.

The knock on effect of this isn't necessarily that the devs hold 65% of NEO, it's the fact they will also be producing 65% of the GAS.  

Sure the price may well go up, but having the devs control such a huge proportion of the shares is suicidal for investors.  QTUM devs appear to be more in the pocket of Gvt officials and if either of those two were to be picked up and traded QTUM is the simpler option.  Don't forget that NEO is not that popular in China, it's popular in the west but the Chinese are more invested in QTUM.  You also need to be heavily invested to generate any significant amount of GAS - 2000 NEO only produces 1 GAS per day.  It's GAS that is used as the trading element.  This makes it both overly complex as a trading standard and ineffective.  If China banned BTC (which they won't - the leaked document is the work of someone who knows what they are on about and most certainly not from any Government official source - or do you really think the Government know what an 'exit node' is?) then it'd most likely be a different coin they'd use as a means of exchange.  

Is this a very very goofy try to pump NEO? Looks like it is, chinese gov will not ban bitcoin, it will ban exchanges based in china mainland and acces to foreign exchanges from mainland i.e. they don't want their cheap labourers citizens to trade bitcoins, it may no even be enforced for the miners because, you know, big miners are big fishes.

I'm surprised NEO's price hasn't crushed to the floor. I think its price was mostly pumped. With all the incidents in China recently, I don't see much future of it at all.

Everyone can say anything - and with hundreds of thousands expressing their opinions, someone is bound to be right. I don`t think its gonna play out this way though, people are getting tired of the Chinese FUD already.

I see that this is one of china's economic politics ,,, china wants to see what if bitcoin is without china ,,? and the fact it looks that bitcoin without china its value is decreasing ,, but this is just an issue ,, i do not know for sure is it true it is due to china? or indeed the declining world economic power ,,,?
and it is certain that this bitcoin is not in the hands of one country ,, but anyone has the right to maintain bitcoin ,,

It's all fake and the desire of governments and banks to sow panic among people, if people are told that bitcoin can be controlled and banned, then they turn away and it will collapse as bitcount and the entire cryptocurrency. The only thing that can prevent China, the cryptocurrency exchange and mining (and that is questionable)

- China ban on bitcoin coming 30 September. China isn't banning bitcoin. China is banning exchanges on the 30th. Get your facts straight. China banning bitcoin is currently only a rumor
- Antshares commissioned by Chinese government : where's your source?


So you're saying that Antshares re-branded to NEO because it will become China's cryptocurrency? If so, what does a re-branding achieve here? And again, where's your source?

Since its still under speculation that China will ban or has banned bitcoin even though the chances of this happening is slim, neither have I read where the alternative you have suggested wanting to be approved by the Chinese government.

Don't you think it will even fail in its entirely that across the crypto market it will be seen as sheer hypocrisy for the Chinese government to ban one crypto currency and at the same time approves another. How you think they would spin it, I don't know.

Also, if they think they want to push Antshares, they would have to pump it real hard and make money for the entire market which will eventually be dumped in no time by which time, bitcoin would have recovered and even greatly because loyalty sometimes cannot be bought.

I cant understand if this news are real or fake..
And i cant understand why China need to ban bitcoin?
And how can china ban them?

Your logic is faulty and its because of the assumption that there is absolute inverse relationship between bitcoin and antshares that the moment bitcoin falls, the means a rise for Antshares forgetting the fact that what really determine whether the price will fall or increase is the faith the people have in it and for the fact that its merely backed by government will not make me give it a second thought the same thing with several other people.who knows about the difficulty faced in trying to control bitcoin by government.

I have a few questions.First Where did you hear that China is going to ban bitcoins? Cause I thought they were banning bitcoin exchanges only. Second why do you think that Antshares will be the official cryptocurrency of China?cause I heard they were gonna create a new cryptocurrency.

first of all this is bitcoin board, stop advertising altcoins that you wish to get pumped here

secondly, who said China will ban bitcoin

finally, history has proven that whenever bitcoin price drops, altcoins get dumped all over the market and they get dumped harder even. there is no exception. specially if something is tightly related to the news such as your China FUD, it will get dumped even harder.

oh yes, that's exactly the point... they ain't gonna let free markets do their magic. They are going to try and tax it in the long run. We'll see how it turns out...

My bet... Bitcoin drops initially, then recovers. Antshares skyrocket for a short time and then crash overtime like all other fiat currencies that inflate.

Inflation = devaluation


We'll never find Satoshi....

Don't forget to put in a backdoor in the antshares blockchain so big brother can monitor you.
I am sure the western world would love it?

Just before a movement in the market which causes people to lose faith in one currency, you need to buy it's competitor. That one will soar and the other will drop, when 'your' investment reaches a dead point, you switch to the one that took a beating. That one will rise after the panic is over. That way, you get on the train up - on 2 occasions.

I'll give you a little hint...

Search for the following:
- China ban on bitcoin coming 30 September.
- Antshares commissioned by Chinese government

Ask yourself: What will this ban do to the price of bitcoin and what will trade to and from China use when the Chinese government has it's OWN currency. Don't be fooled by the name change of Antshares, because that is NOT a coincidence.

So Bitcoin will again 'crash', opportunists will carpe diem and buy the be-jesus out of Bitcoin, Antshares will skyrocket as part of the Chinese plan and the Chinese government will try to regulate Antshares as their new form of currency.... profiting heavily in the process.

Love it!

https://cointelegraph.com/news/breaking-all-chinese-bitcoin-exchanges-must-close-by-september-30