Let's face it - they have the right for doing so. I can't imagine what government
would like the idea of not controlling money. We need some fresh brains in the government first, then we can talk about decentralization.
Topic: China's plan to sideline bitcoin - page 3. (Read 18323 times)
bitcoin will not be stopped, although China rejects the existence of bitcoin because it can destroy their business between countries, but China will never be able to stop it
Because bitcoin has a huge money of investment to they like it to stop bitcoin to focus in their investment business to avoid investing in cryptocurrency.
I do not understand why a crypto that will going to be an alternative for fiat would be dangerous as what OP stated. I did not read the reason behind this except that only an image was shown showing people that has a placards for the freedom for cryptocurrency. This would be good but the risk is always there but to the extent as what OP has stated.
It's dangerous when people care so much on privacy. China as always wanted things to be on their way and everything under their control.
Those token is what i hate to buy, chinese government has been an asshole lately colonizing islands banning products from the US, banning Philippine products even banning visitors from US and PH and lastly banning ICO. No one would definitely buy the token that's centralized and created to exploit and manipulate people.
I do not understand why a crypto that will going to be an alternative for fiat would be dangerous as what OP stated. I did not read the reason behind this except that only an image was shown showing people that has a placards for the freedom for cryptocurrency. This would be good but the risk is always there but to the extent as what OP has stated.
Chinese government will not adopt bitcoin but chinese people will/already have
it is starting to turn into a trend where every country starts creating their own coin. it is just so simple to do so that they all want in because there is a lot of money in doing something like that and not even the government is going to overlook such large amounts of money.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
However, it is their idea to sideline bitcoin, because why don't they support the use of bitcoin?
It goes back to the question, does China understand what bitcoin is, if their idea of a coin is to be centralized and closely overlooked and controlled by the government?
that is how all the governments think. it is not just Chinese government that you are singling out in the whole world. every one of them want to have full control over the circulating money in the country and never like things such as bitcoin that are disturbing it.
it is starting to turn into a trend where every country starts creating their own coin. it is just so simple to do so that they all want in because there is a lot of money in doing something like that and not even the government is going to overlook such large amounts of money.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
However, it is their idea to sideline bitcoin, because why don't they support the use of bitcoin?
It goes back to the question, does China understand what bitcoin is, if their idea of a coin is to be centralized and closely overlooked and controlled by the government?
That's not new, China is banning crypto because they want to create their own.
But we have the freedom, we can choose anything we want and I believe crypto is more beneficial to the people as it's more transparent and decentralized.
If we let the government again to manage us, it's like we letting ourselves to be controlled by them again, let's fight for freedom by protecting our interest.
I'm glad I'm not in China but I'm afraid our government might take this kind of harsh action.
But we have the freedom, we can choose anything we want and I believe crypto is more beneficial to the people as it's more transparent and decentralized.
If we let the government again to manage us, it's like we letting ourselves to be controlled by them again, let's fight for freedom by protecting our interest.
I'm glad I'm not in China but I'm afraid our government might take this kind of harsh action.
it is starting to turn into a trend where every country starts creating their own coin. it is just so simple to do so that they all want in because there is a lot of money in doing something like that and not even the government is going to overlook such large amounts of money.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
but i don't think it has anything to do with "sidelining bitcoin" though. they want the control over a cryptocurrency which is the hype of our age and as i mentioned there is a lot of profit.
the People's Bank of China's does not appear to understand what the cryptospace is
Oh they understand very well, that's why they are implementing these measures. Dude this is not about economics or about protecting your citizens or about money laundering or about terrorist financing ... The Chinese government is headed by a group of people who want to keep in control of the entire population, bitcoin has a very ideology different from the ideology of the Chinese government.
I reckon China will be the no.1 in economy, technology and in military by 2050.
And on that day the forest of Africa will not exist, the sky will be black and without some bird because all birds will be dead, the oceans will be without octopus, squid, fish, seafood, scorpions and snakes will be in the extinction because of these Chinese and many Asians that fish and destroy nature aggressively. china is colonizing Africa indirectly, and this is because many African governments are run by shit people and corrupt people
Yes they might understand, but it appears that they have underestimated it extensively, that is why I reckon that they might not have fully understood it yet hehehe.
In any case, read their plan to sideline bitcoin. Whoever proposed it does not understand bitcoin.
Since the year 2009 Bitcoin was introduced by Sathosi Nakamoto the intention was a digital decentralized currency that has to be operated without a third party interference . For the last ten years China was trying to adapt these ideas behind Bitcoin, and the block chain technology, and also China planned to introduce their own digital centralized currency. No one understand why the Chinese Government has stopped the use of Bitcoin .Most of the Bitcoin can be found in the hands of the Chinese government. The Chinese government may be trying to have a supremacy towards all digital currencies and make them centralized even though it is a difficult task for a decentralized currency like Bitcoin .The Chinese government wants to have control over the whole population but the ideology of Bitcoin is entirely different from the ideologies of Chinese government China doesn't like to be ruled or regulated by others decision they have their own decision so that is the reason for their plan to sideline Bitcoin.
Bitcoin is not suitable for China, because China does not like to join a system that is regulated by other parties, while what he always hopes for is having a system that can be controlled by their own country
the People's Bank of China's does not appear to understand what the cryptospace is
Oh they understand very well, that's why they are implementing these measures. Dude this is not about economics or about protecting your citizens or about money laundering or about terrorist financing ... The Chinese government is headed by a group of people who want to keep in control of the entire population, bitcoin has a very ideology different from the ideology of the Chinese government.
I reckon China will be the no.1 in economy, technology and in military by 2050.
And on that day the forest of Africa will not exist, the sky will be black and without some bird because all birds will be dead, the oceans will be without octopus, squid, fish, seafood, scorpions and snakes will be in the extinction because of these Chinese and many Asians that fish and destroy nature aggressively. china is colonizing Africa indirectly, and this is because many African governments are run by shit people and corrupt people
That would bring no difference to the present situation.Such a digital coin issued by the chinese government would be definitely decentralised and so no crypto investors would show interests in buying such coin.
Rather it could be used for inter banking transactions and it does not make any sense for china to issue such a digital coin.Instead it could regulate and allow the crypto environment to exist.
Rather it could be used for inter banking transactions and it does not make any sense for china to issue such a digital coin.Instead it could regulate and allow the crypto environment to exist.
@TBboys. However, China has become the most promising country that will takeover America as the greatest super power nation of the world. Their middle class is growing while America's middle class is shrinking.
I reckon China will be the no.1 in economy, technology and in military by 2050.
I reckon China will be the no.1 in economy, technology and in military by 2050.
It’s very hard for ordinary people to understand China, it’s like a completely different planet and way of thinking.
Jump to: