China's plan to sideline bitcoin - page 4.

TBboys

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Quote from: Martin Hans on December 23, 2018, 02:47:15 AM

It’s very hard for ordinary people to understand China, it’s like a completely different planet and way of thinking. Huh

To be exact, it should be hard for ordinary people to understand Chinese government. Many decisions made by the Chinese government are puzzling. They always like to solve problems in a closed space, lack communication with the world, and always try to put their willingness to impose on other countries.

malphite534

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Quote from: Dana-pasar on December 17, 2018, 06:59:19 AM

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.

darklus123

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Quote from: KingScorpio on December 21, 2018, 05:17:29 PM

the banks have, to a huge extent, also in china, centred the entire economy on themselver, causing insecurity for the others, it will be a miracle if they can get away with that, by simply creating cryptos on themselves.

I don't think so, if I am not mistaken from what the article says. It was the government or might be a company that is highly governed by the chinese authority who is responsible for the said act.

Upon Looking this picture it is a clear and obvious message that this kids wanted to feed up to those who were in power. That everyone has the right to do what they want as long as it abides the laws that can't harm humanities.

KingScorpio

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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

the banks have, to a huge extent, also in china, centred the entire economy on themselver, causing insecurity for the others, it will be a miracle if they can get away with that, by simply creating cryptos on themselves.

timerland

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cry023

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According to bloomberg news they have said When Satoshi Nakamoto introduced Bitcoin to the world in 2008, . Ten years on, the Chinese government is adapting the ideas behind Bitcoin to do the exact opposite.The project was started by the former governor of China’s central bank, Zhou Xiaochuan, who retired in March. He decided to develop the digital currency in part to protect China from having to adopt a technology standard, like Bitcoin, designed and controlled by others. China banned cryptocurrency exchanges and initial coin offerings last year.

musharaf

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this will be a breaking news for some time but with time things will become normal and banks of the world will be ready to accept decentralized currency but i think then it will be centralized because they will hold a good reserve so they can also affect the demand and supply of it, China can now not ready to accept it but later they may be the first one to launch it in banks.

dothebeats

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If they have the great firewall implemented when the internet was booming, they can also have their own coin to control and monitor people's spending! Strict domestic policies on China have helped the nation progress to where it is right now. Not that I'm a supporter of such but whatever works for them is good, albeit somewhat disregarding their own citizen's opinion regarding the matter. This, I think, would just be another version of a stablecoin but backed by the government's own fiat. A centralized coin is a no-no for me, but if it works for China, then good for them.

suzanne5223

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Quote from: KingScorpio on December 16, 2018, 08:28:57 PM

bitcoin isnt great for china either, urban chinese will see their ressources wasted, for the miner aristocacy.

I see no reason why bitcoin is not great for the Chinese because the national crypto currency which their government is planning to create will surely be centralized and bitcoin was the true decentralized coin. However, the last time I checked this forum member who reside in China are in charge in exchange crypto to fiat before their place ban of bitcoin.

betty11

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The Chinese Central bank body is very funny, but their people own a lot of bitcoin and use them too. Why do they feel is owned by others and controlled by a foreign country? I know they understand the bitcoin has no central issuing and controlling authority. At the end, they will still return to the bitcoin when all has been said and done. China government need to stop the real enemy of the people and not bitcoin,

darklus123

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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

Dana-pasar

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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

sehoon

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Wait, a digital currency for China? And the purpose of this is to protect China from foreign technologies? If I were a Chinese citizen why would I even bother using this digital currency? Of course I'll just do usual things when I do shopping because it does not make any difference because the government is still in control of it.

globalking

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no one can sideline bitcoin no matter how hard they try to suppress bitcoin, bitcoin will emerge as a king in the end.

Hunnykaushal31

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btc-room101

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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

btc-room101

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gentlemand

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Quote from: bbc.reporter on December 16, 2018, 08:49:53 PM

@gentlemand. However, I reckon the existence of restrictive bankcoins will also give more reasons for bitcoin and other open cryptocoins to exist. We should support chinacoin's development hehehe!

That's a bit 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.

bbc.reporter

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@gentlemand. However, I reckon the existence of restrictive bankcoins will also give more reasons for bitcoin and other open cryptocoins to exist. We should support chinacoin's development hehehe!

0t3p0t

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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.

I agree with you mate. China wants to control everything their people, they even trying to control neighboring countries and the world militarily and economically. The downside of it's own creation of this "ChinaCoin" might not becoming a trend even on their own country because enthusiasts, the people, investors and the cryptocurrency community won't be hoarding that coin due to it's centralized features. We are here living in this decentralized industry where have the full control of our own assets not to be fooled what China is now trying to do. We started with Bitcoin so I think our future relies on it and no centralized digital money could give us financial freedom.

Topic: China's plan to sideline bitcoin - page 4. (Read 18323 times)