China's plan to sideline bitcoin | Bitcointalksearch.org

Lmaooo

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santacoin.io

Quote from: sapnu on October 24, 2019, 02:11:08 PM

Quote from: ?? on ??

Quote from: cutesgirl on October 24, 2019, 09:00:45 AM

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

China want to control their own coin with never giving space for bitcoin become most transaction payment in China, when bitcoin become very popular transaction they banned bitcoin, now they want to create technology become competitor for bitcoin where want to replace bitcoin with their own cryptocurrency and give space for every people with get higher profit later.

I used to think that Bitcoin was created by China, that they intercepted the race for Bitcoin. But it turns out that this is not so. Or maybe China is considering just the second option, as a backup, if they do not win the race for Bitcoin ?!

This will be a having a great impact on cryptocurrency maybe more investors will come and get their own bitcoins and then invest it in some upcoming projects, we know that china is a big country. As we continue supporting it and promoting it there is still a lot of help but if that plan is true, it makes a big impact on the market. I know that china banned bitcoin for some reasons but if this happens maybe they want to create their own crypto, I also think that bitcoin originates in china. They banned bitcoin and banned any transaction about cryptocurrency, maybe they want to create their own and compete with other cryptocurrency and that is only based on my own opinion. Maybe they want to create innovated blockchain technology that helps everyone, we cannot tell if it only happens.

China failed woefully in trying to stop Chinese citizens from using bitcoin and other cryptocurrencies within China. I heard the Chinese people are using Virtual Private Networks (VPNs) to buy cryptocurrencies from abroad. China can never stop bitcoin and nor any other country in the world can stop bitcoin. Bitcoin was originally designed to survive such attacks by the governments.

iparktur

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Information from newspapers:

""Posted by: MAXIM BERKAL

Chinese leader Xi Jinping inflates Bitcoin prices

He called blockchain fundamental to the economy of China.

Speech by Chinese leader Xi Jinping boosted Bitcoin prices, CNBC reports. After a short-term fall on Saturday, October 26, cryptocurrency added more than 40% and reached $ 10,322 thousand. On Monday, the value fell slightly to $ 9,370 thousand.

The Chinese leader spoke positively about blockchain technology and called on his country to accelerate development in this area in order to take a leading position in the world in it. After that, shares of Chinese blockchain companies reached a maximum daily limit of 10%. ""

Lizzylove1

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Christ The King

They will embrace bitcoin, it's just a public stunt. Looking at the development so far and how things have fared, they will have their own stable coin and still allow bitcoin to run. This market is a free market.

ILuckyGuyI

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This clearly shows that China really doesn't want to legalize cryptocurrencies because of their system. They intend to use a digital coin but they want to create of their own and make it controllable.

Eugenar

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Quote from: darklus123 on December 17, 2018, 07:01:50 AM

I've already expected this kind of act from the chinese government. We know how they act in terms of controlling power.

Quote from: gentlemand on December 16, 2018, 08:52:26 PM

That's abit selfish of us. Everything possible should be done to resist them. I don't think enough people can be bothered to think through the implications. Even in 'free' countries people are fucked by their credit scores. When someone can trace every penny of your expenditure things will get a whole lot more alarming.

Exactly but since i don't want how the chinese control there people it is still better to never be involved with that digital currency when they will launch that one

China will be very much affected as if one of the most used power supplies are changed. In my opinion, parts on com vbirth ban cmy chigan but I if wewill going to promote crypto, it wou'ld have for hi to hugs and we expect hat bitcoin creates the making of cryptocurrency. Bitcoin can either support to deny the claim. I am just making an inference from our project. CEO qustions didn't qualfy ang perperson,.As they need to own the account first.

iparktur

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Quote from: Eclipse26 on October 27, 2019, 06:38:24 AM

Even in the very first place, it's unlikely for China to adopt bitcoin. Rather they're creating their own cryptocurrency. China always want to control over their people. And as far as I know they wanted to lead in the cryptocurrency market which is somehow indirect saying they might compete with bitcoin in the future if they finally released their own digital currency. However, I don't know if they can really compete with bitcoin, although China is a big country. But obviously, they don't want bitcoin

Name at least one country in the world that does not want to have complete control over its people.

Eclipse26

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bullsvsbears.io

Even in the very first place, it's unlikely for China to adopt bitcoin. Rather they're creating their own cryptocurrency. China always want to control over their people. And as far as I know they wanted to lead in the cryptocurrency market which is somehow indirect saying they might compete with bitcoin in the future if they finally released their own digital currency. However, I don't know if they can really compete with bitcoin, although China is a big country. But obviously, they don't want bitcoin

TheGreatPython

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Quote from: 7788bitcoin on October 24, 2019, 02:26:13 PM

Quote from: bbc.reporter on December 15, 2018, 09:22:54 PM

I reckon the People's Bank of China's does not appear to understand what the cryptospace is if their plan to sideline bitcoin is to issue a restrictive digital form of fiat. It will only be another token pegged to fiat that is similar to USDT. However, more dangerous.

You started this thread almost an year ago and the Chinese bank is yet to come up with their coins but the government always have a strong grip on the citizens and they like to control them and with an oppressive government like them they do not like to give any freedom and the bitcoin market gives them the freedom to trade and it is not surprising that they want to take control over that.

They will not just come up with their coin like that without really doing market survey to be sure that their citizens would not really disappoint them by rejecting to use the coin, which I know that even if they impose it on them, people would still prefer to use bitcoin because it is decentralized and really gives them the privacy and control over their own coin.

If they accept any coin that china provides, they will still be under the same bondage that they are with fiat, and who would not prefer a decentralized coin to a centralized coin because I can assure you that any coin that china will provide its citizen and the world at large would strictly be coin they can have pure control over, which will make it very impossible for china coin to sideline bitcoin.

mohdk52

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China has plans, but most likely not for bitcoin, but for its cryptocurrency

Youghoor

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Personally, I think its too late for the Chinese government to introduce its own cryptocurrency with the aim that this will prevent people from adapting to the use of technologies like Bitcoin. The blockchain technology is been used in every corner of the world. Companies are now using blockchain technology to keep and store their data since it is quite easier to retrieve info at any moment in time. Moreover, bitcoin does not need the approver of any government before people can use it.

7788bitcoin

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Quote from: bbc.reporter on December 15, 2018, 09:22:54 PM

I reckon the People's Bank of China's does not appear to understand what the cryptospace is if their plan to sideline bitcoin is to issue a restrictive digital form of fiat. It will only be another token pegged to fiat that is similar to USDT. However, more dangerous.

You started this thread almost an year ago and the Chinese bank is yet to come up with their coins but the government always have a strong grip on the citizens and they like to control them and with an oppressive government like them they do not like to give any freedom and the bitcoin market gives them the freedom to trade and it is not surprising that they want to take control over that.

sapnu

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Activity: 1050

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Quote from: ?? on ??

Quote from: cutesgirl on October 24, 2019, 09:00:45 AM

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

China want to control their own coin with never giving space for bitcoin become most transaction payment in China, when bitcoin become very popular transaction they banned bitcoin, now they want to create technology become competitor for bitcoin where want to replace bitcoin with their own cryptocurrency and give space for every people with get higher profit later.

I used to think that Bitcoin was created by China, that they intercepted the race for Bitcoin. But it turns out that this is not so. Or maybe China is considering just the second option, as a backup, if they do not win the race for Bitcoin ?!

This will be a having a great impact on cryptocurrency maybe more investors will come and get their own bitcoins and then invest it in some upcoming projects, we know that china is a big country. As we continue supporting it and promoting it there is still a lot of help but if that plan is true, it makes a big impact on the market. I know that china banned bitcoin for some reasons but if this happens maybe they want to create their own crypto, I also think that bitcoin originates in china. They banned bitcoin and banned any transaction about cryptocurrency, maybe they want to create their own and compete with other cryptocurrency and that is only based on my own opinion. Maybe they want to create innovated blockchain technology that helps everyone, we cannot tell if it only happens.

Kambal2000

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Quote from: ?? on ??

Quote from: cutesgirl on October 24, 2019, 09:00:45 AM

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

China want to control their own coin with never giving space for bitcoin become most transaction payment in China, when bitcoin become very popular transaction they banned bitcoin, now they want to create technology become competitor for bitcoin where want to replace bitcoin with their own cryptocurrency and give space for every people with get higher profit later.

I used to think that Bitcoin was created by China, that they intercepted the race for Bitcoin. But it turns out that this is not so. Or maybe China is considering just the second option, as a backup, if they do not win the race for Bitcoin ?!

That was my first impression too and while I am here in forum and doing my research, I found out that they are even against crypto and they banned mining in their country. But, at the back of that we don't know, if they are just doing it to make people panic, so that they can buy more, or that they wanted to do mining only on their own benefit.

cutesgirl

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Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

China want to control their own coin with never giving space for bitcoin become most transaction payment in China, when bitcoin become very popular transaction they banned bitcoin, now they want to create technology become competitor for bitcoin where want to replace bitcoin with their own cryptocurrency and give space for every people with get higher profit later.

iparktur

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Activity: 119

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Quote from: Reatim on October 24, 2019, 04:30:00 AM

Quote from: iparktur on October 24, 2019, 03:30:59 AM

Quote from: btc-room101 on December 17, 2018, 05:44:04 AM

China owns +95% of all crypto's on earth, so they don't care which one wins, they own them all, this is called a fully covered bet, they cannot lose.

bitcoin will fall below ripple in cap in 2019, the writing is on the wall, just like lotus-123, being first doesn't make you a winner forever, just once at the beginning

Hello btc-room101 !
I would like to speak privately with you.
Is it possible?
If "YES" - send me PM pls.

Are you that serious dude?you really need to bump this thread just to ask that Private conversation when you can just simply send Him Pm?i don’t know if this is funny or irritating lol 😂

Anyway to OP’s thread ,I wanna ask also.

How did you know about that 95% of bitcoin ownership of China ?just now that I saw something interesting because while they are banning bitcoin and yet they’re holding this huge amount !?

He is denied access to receive PM.
I can’t send him anything

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: iparktur on October 24, 2019, 03:30:59 AM

Quote from: btc-room101 on December 17, 2018, 05:44:04 AM

China owns +95% of all crypto's on earth, so they don't care which one wins, they own them all, this is called a fully covered bet, they cannot lose.

bitcoin will fall below ripple in cap in 2019, the writing is on the wall, just like lotus-123, being first doesn't make you a winner forever, just once at the beginning

Hello btc-room101 !
I would like to speak privately with you.
Is it possible?
If "YES" - send me PM pls.

Are you that serious dude?you really need to bump this thread just to ask that Private conversation when you can just simply send Him Pm?i don’t know if this is funny or irritating lol 😂

Anyway to OP’s thread ,I wanna ask also.

How did you know about that 95% of bitcoin ownership of China ?just now that I saw something interesting because while they are banning bitcoin and yet they’re holding this huge amount !?

iparktur

jr. member

Activity: 119

Merit: 1

Quote from: btc-room101 on December 17, 2018, 05:44:04 AM

China owns +95% of all crypto's on earth, so they don't care which one wins, they own them all, this is called a fully covered bet, they cannot lose.

bitcoin will fall below ripple in cap in 2019, the writing is on the wall, just like lotus-123, being first doesn't make you a winner forever, just once at the beginning

Hello btc-room101 !
I would like to speak privately with you.
Is it possible?
If "YES" - send me PM pls.

wxxyrqa

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Activity: 1372

Merit: 133

Quote from: lixer on September 16, 2019, 08:50:54 AM

Quote from: yazher on September 14, 2019, 01:52:05 AM

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

I agree with this statement not only they don't want to adopt foreign technology, but even Facebook is also banned in that country and many more things. I guess they want some exclusive rules with their country and they don't want other counties to influence them on something.
That's why they have this kind of hatred about bitcoin because it has not came from their country.

They have hated for another person's project but then they want their own project to be accepted, this is one reason why they are having issue with the united states. No one is even imposing the technology of bitcoin on them, but they should allow people to be the one to choose at their own free will and not impose things on people.

The day they ban whatsapp from their country, I was a bit baffled and I wonder the kind of bondage they do put their citizens! They are not different from north Korea. I have this tablet that I brought from there, till now, everything that I tried to do to get Google play to work on it is to no avail. If they want to create their own stable coin, they are free, but they should at least allow their citizens to have the freedom to choose which one they will be using.

Guys, I want something. You paid a little attention to the history of the development of the Chinese economy. The Chinese government has always supported national industries and businessmen who brought money to their treasury and no one forbade the use of plagiarism and other people's technologies to develop their economy. There are much more Chinese products around the world than the products of other countries combined. Based on this, I believe that they will always use even foreign technology for their own benefit. Even today, almost 70% of the entire Bitcoin Speed Hash is processed by Chinese miners. Therefore, I cannot be so categorical in this matter.

lixer

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Quote from: yazher on September 14, 2019, 01:52:05 AM

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

I agree with this statement not only they don't want to adopt foreign technology, but even Facebook is also banned in that country and many more things. I guess they want some exclusive rules with their country and they don't want other counties to influence them on something.
That's why they have this kind of hatred about bitcoin because it has not came from their country.

They have hated for another person's project but then they want their own project to be accepted, this is one reason why they are having issue with the united states. No one is even imposing the technology of bitcoin on them, but they should allow people to be the one to choose at their own free will and not impose things on people.

The day they ban whatsapp from their country, I was a bit baffled and I wonder the kind of bondage they do put their citizens! They are not different from north Korea. I have this tablet that I brought from there, till now, everything that I tried to do to get Google play to work on it is to no avail. If they want to create their own stable coin, they are free, but they should at least allow their citizens to have the freedom to choose which one they will be using.

yazher

hero member

Activity: 2268

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You own the pen

Quote from: davis196 on December 16, 2018, 01:49:48 AM

"technology standart designed and contolled by others" Grin

That's why China will never adopt bitcoin.The fear of using a foreign technology that might put their financial system under foreign control.This proves that the PBOC clerks don't understand how bitcoin/blockchain works.
Anyway,their "chinacoin" project is doomed to fail.

I agree with this statement not only they don't want to adopt foreign technology, but even Facebook is also banned in that country and many more things. I guess they want some exclusive rules with their country and they don't want other counties to influence them on something.
That's why they have this kind of hatred about bitcoin because it has not came from their country.

Topic: China's plan to sideline bitcoin (Read 18323 times)