I think that there are other factors that we don't know and we will possibly never know behind this discussion of banning cryptocurrency in China mining.
The harm that crypto mining does to the environment are little to zero compared with the pollution tha factories, cars or other entities do.
It is just a false proposal that is targeted to harm cryptocurrencies.
Topic: China's Proposal To Ban Cryptocurrency Mining Has Little To Do With Environment (Read 289 times)
May 03, 2019, 02:40:36 PM
May 03, 2019, 02:10:24 PM
China just want to have full control of everything that goes on within they jurisdiction and at that this recent attack on miners in China is not far from the fact that cryptocurrencies as a decentralized network will purses a threat to the centralized financial system and they are against that freedom.
May 03, 2019, 12:43:13 PM
I do agree that it has little to do with environment but lets not put that part aside neither, they did this because of economical reasons and the biggest banks general manager has always been against crypto publicly which considering as a communist country he must be in power for some reason and that must mean his opinions was always the governments opinions as well however they are one of the leading pollution makers in the whole world and they do not care about the environment at all which means their country is destined to be one of the first places that get affected by global changes.
Now, I know they don't care about human life as much as most other countries with work related injuries but ruining your whole countries air is a problem they need to face and bitcoin mining isn't helping neither, maybe a place cold like Iceland would be much better for this kind of work.
Now, I know they don't care about human life as much as most other countries with work related injuries but ruining your whole countries air is a problem they need to face and bitcoin mining isn't helping neither, maybe a place cold like Iceland would be much better for this kind of work.
May 03, 2019, 12:30:44 PM
I believe that this proposal has really nothing to do with the issue of environmental policy or protection that bitcoin mining has been causing them or is there such environmental issue. The main problem here is that chinese government is hunting down there citizen who has been related to crypto and might hold a significant amount of money that they do not know of, which in result to this proposal banning of bitcoin and other cryptocurrencies.
I think they just want to have the full control of the citizens, because it is not that they are against cryptocurrency completely, they have been supporting for other countries that have shown interest and I wonder why their own citizens will be banned from participating.They are not as just wise as Russia, since crypto is something they cannot control, what Russia is planning to do is to impose tax on companies using cryptocurrency which will make them not to lose out, china may ban crypto and its activities, but will they monitor every home to know if they are breaking the rules?
May 03, 2019, 05:27:56 AM
Do we have other prime candidates with potential to explain a motive behind this?
Yeah, China has a long history of not liking their citizens to have the freedom to make their own money and become prosperous. That's the only reason I can think of as to why they'd be banning miners--it sure as hell isn't for environmental concerns. I don't doubt that China has some consideration for the environment, but I don't think this recent action has anything to do with it. Is Iran one of the only options for the displaced Chinese miners? Are there any other places where they could go and still get relatively cheap electricity and a better regulatory environment? Iran doesn't strike me as a great alternative, but the miners would know better than I would.
I swear I thought some of those Chinese miners were operating with clean electricity, e.g., hydroelectric and so forth. There have got to be ways around these so-called environmental concerns that don't include banning mining altogether. I think it's a corrupt political move, though. I don't think the Chinese government is looking for solutions to what they're calling a problem.
May 02, 2019, 07:35:57 PM
Been hearing this controversy for such a long time and it's still not sure and clear that China will completely ban mining because they are still having operations at some point.
China has the biggest number of crypto users so they will always do something to pursue mining even if it's against the government.
China has the biggest number of crypto users so they will always do something to pursue mining even if it's against the government.
They have the numbers, they are techie i know theyll be able to get a work around once the ban happens. If theyll not be able to have a plan b or plan c it will impact the crypto world. Result will be Lesser miners = ?
May 02, 2019, 04:27:30 PM
Been hearing this controversy for such a long time and it's still not sure and clear that China will completely ban mining because they are still having operations at some point.
China has the biggest number of crypto users so they will always do something to pursue mining even if it's against the government.
China has the biggest number of crypto users so they will always do something to pursue mining even if it's against the government.
May 02, 2019, 04:16:46 PM
Indeed is ironic if they will stop mining, they are the lerger miners for now, and i think will not be so easy to replace all miners from China and this will take time but maybe they will change their mind and not ban mining.
May 02, 2019, 12:23:14 PM
How ironic it is, they are one of the major contributor of environment hazards in the world and yet they trying to picture as their biggest concern and should be stop at all cost.
It's politically and socio-economic related, at least that's that way I see it. They don't want bitcoin to take over their economy and don't want to give their people more financial freedom and hide their wealth thru bitcoin.
It's politically and socio-economic related, at least that's that way I see it. They don't want bitcoin to take over their economy and don't want to give their people more financial freedom and hide their wealth thru bitcoin.
May 02, 2019, 11:59:08 AM
Yep, it is laughable for a country that produces most of its electricity from the dirty coal power. It never about the environment, but about capital flight. The Chinese government is known for facilitates capital inflows, and at the same time blocking the capital outflows.
Absolutely ridiculous. Do these people even know how badly they are harming nature? They are one of the primary reasons behind global warming and yet all they care about is money and nothing else.These governments need to get their shit together and understand that our planet is a billion times more valuable than money.
They have the worst government, they prioritize money because they only know wealth as an important thing in life. They're good at business and stuffs about profits but their attitude was very wrong, they don't care about the others, money is only the thing.
Even our government, they're making it as the province of China because of money lending. There's a lot of business that runs with a Chinese in our capital city. They're making our country as a trash area and now my fellow citizen is getting angry with chinese people.
May 02, 2019, 11:37:52 AM
It is a simple fact that they are afraid of the power bitcoin would have over their currency now that they managed to work decades to make it the strongest currency out there.
Dollar was the strongest currency for a while and it could still be said that its still the strongest one but china managed to make it their duty to take worlds all manufacturing into their own country and make it so cheap that there would be basically no more factories anywhere and whole world would have to pay them to get something done and that allowed them to get money from everywhere around the world making their own currency much much stronger.
If bitcoin and crypto becomes a world power that would result with Chinese currency losing value and china can't really afford that, it's that simple.
Dollar was the strongest currency for a while and it could still be said that its still the strongest one but china managed to make it their duty to take worlds all manufacturing into their own country and make it so cheap that there would be basically no more factories anywhere and whole world would have to pay them to get something done and that allowed them to get money from everywhere around the world making their own currency much much stronger.
If bitcoin and crypto becomes a world power that would result with Chinese currency losing value and china can't really afford that, it's that simple.
May 02, 2019, 03:59:16 AM
Yep, it is laughable for a country that produces most of its electricity from the dirty coal power. It never about the environment, but about capital flight. The Chinese government is known for facilitates capital inflows, and at the same time blocking the capital outflows.
Absolutely ridiculous. Do these people even know how badly they are harming nature? They are one of the primary reasons behind global warming and yet all they care about is money and nothing else.These governments need to get their shit together and understand that our planet is a billion times more valuable than money.
May 02, 2019, 03:49:22 AM
I believe that this proposal has really nothing to do with the issue of environmental policy or protection that bitcoin mining has been causing them or is there such environmental issue. The main problem here is that chinese government is hunting down there citizen who has been related to crypto and might hold a significant amount of money that they do not know of, which in result to this proposal banning of bitcoin and other cryptocurrencies.
May 02, 2019, 03:25:30 AM
I don’t believe on China anymore and they are just trying to control its people. Chinese government are just ruining the sea on the south China sea so how can they become an environmentalist when they have hidden agenda. There’s a big political on the bitcoin mining ban, they can’t play like this in long term.
I also believe that whatever china is doing to ban cryptocurrency is political, because I read in news recently where they are supporting cryptocurrency program in Malaysia and here in their country, they are planning to ban it. Another thing I see is that, it might just be a threat and away to get attention of the miners to submit to them for regulation.Government will never support whatever they will not benefit from, I am waiting for anther news very soon that will talk about the cancellation of the decision they have made to lift the ban. Crypto is very important to their economy and they would have also realized that they need it the most, so they will have no choice than to also embrace it.
May 02, 2019, 12:45:22 AM
I am not sure that the Chinese government has a big concern for the environment in their country although they are saying about reducing the pollution in their country.
We need to wait for the next update from them so we can know what step they make regards to the bitcoin mining.
I don't know if there are any new candidates behind this because I am sure that they don't want to expose the news to public.
We need to wait for the next update from them so we can know what step they make regards to the bitcoin mining.
I don't know if there are any new candidates behind this because I am sure that they don't want to expose the news to public.
May 01, 2019, 03:35:40 PM
I think it was obvious from the very beginning that banning mining had little to do with environmental responsibility. China is one of the biggest polluters on Earth, and they never seemed to care about the consequences. Another area where China is one of the biggest is violating privacy of its citizens. China is the kind of country that likes to stay in control as much as possible, so it makes perfect sense that now they are trying to shut down mining of real cryptos, while working on a Blockchain they'd be able to control. Sad but true. I hope it won't affect the market much.
May 01, 2019, 02:22:25 PM
In my opinion, the mining of bitcoins in China and environmental pollution have nothing in common with each other. At the very mining just heat is generated from the work of electronics. It is not so dangerous for our world even to discuss this topic. Large-scale solar panels are produced in China, so if you wish, you can resolve the issue of producing cheap solar energy. For this, China’s climate is very suitable. Therefore, the upcoming ban on mining Bitcoin is hardly relevant to environmental pollution.
May 01, 2019, 10:57:35 AM
With Shanghai and Beijing being included on the list of cities with the most CO2 in the air, I don't really think China is concerned with the environment being degraded by bitcoin mining but rather the losses their economy is getting from crypto gains produced by these miners. Some of the money that should be revolving around their economy is escaping by means of bitcoin, and that's not good news for the Chinese. Their stance on bitcoin mining is fueled and tainted with economic goals rather than to protect the environment which they are advocating.
May 01, 2019, 06:21:28 AM
I don’t believe on China anymore and they are just trying to control its people. Chinese government are just ruining the sea on the south China sea so how can they become an environmentalist when they have hidden agenda. There’s a big political on the bitcoin mining ban, they can’t play like this in long term.
May 01, 2019, 05:19:05 AM
Yep, it is laughable for a country that produces most of its electricity from the dirty coal power. It never about the environment, but about capital flight. The Chinese government is known for facilitates capital inflows, and at the same time blocking the capital outflows.
Yes, the government is of course just using environmental concerns (which can be valid, anyway) to cover up the real reasons why finally they are acting against Bitcoin or cryptocurrency mining. This business is making money and the government can tax anybody doing business within its border. This has something to do with the fact that they don't have comfortable control within the industry most especially on the tracking of capital outflows or money going out of the money coming from this industry. Well, if there are doors shutting down there will certainly be new doors opening, so I am not worried about this development a tall...in fact this can be an opportunity just waiting to manifest itself.
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