In theory there is still another China ban waiting to be launched. - page 2.

pawanjain

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Nothing lasts forever

Quote from: Saltius on June 27, 2021, 09:45:49 PM

According to bitnodes and ethernodes, there are around 150 BTC public nodes and 400 ETH public nodes located in China.

CCP hasn't launched an ISP level blockade yet which is one of the few cards reserved in their hands.

Since BTC has 3000+ nodes in TOR (Can't tell how many ETH nodes in TOR) , I think users in China could still have access to full nodes then.

China has already done this twice I guess and although it dumped the price of bitcoin temporarily bitcoin recovered and proved that it doesn't need the approval of any particular country to be operated. So whether or not bitcoin is banned in China, it will still run as a decentralized network and until the internet itself is completely shut, there's no stopping to bitcoin.
So there's basically nothing to worry about as bitcoin is here to stay.

fiulpro

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Quote from: mk4 on June 27, 2021, 10:10:39 PM

Based on their decisions they might as well just get on with it and ban Bitcoin every week.

As for Tor, can they even actually use it? As using VPNs are illegal as far as I know.

Yes but VPN's still work in China. Even if it's banned people still use it. Therefore, I do believe that even if the authorities go ahead and ban bitcoins which is a major source of income for many people, I do think that they will continue to use it but ofc not on a large scale.

Quote from: (o)(o)ilikeboobs(o)(o) on June 28, 2021, 11:17:50 AM

I think that ban is crazy and hard to enforce. If Elon Musk provides satellite internet, that's not a problem because nodes have a different way to operate. Another point is that the nodes in China are low compared to the rest so there is no concern about the decentralization of Bitcoin and ETH.

I do believe that the decentralization probelms is based not on this but actually on the laws that the government is making every second. How they are behaving with Bitcoins and other cryptocurrencies. Therefore the threat of centralization started from the day when they started asking for documents and banned VPN's.

Quote from: pooya87 on June 28, 2021, 12:24:49 AM

China banning bitcoin is not important and I dare say nobody cares about what another country where they don't live in does to bitcoin or anything else. The FUD of China banning bitcoin is the problem and it will never go away even if not a single person in China used bitcoin! So in theory China can "ban bitcoin" every month as long as people are naive enough to believe the FUD.

Last time also when they banned bitcoins the price fell for a short time and everything recovered. I do think the legalization of Bitcoins in countries like El Salvador should very well balance out this.

(o)(o)ilikeboobs(o)(o)

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I think that ban is crazy and hard to enforce. If Elon Musk provides satellite internet, that's not a problem because nodes have a different way to operate. Another point is that the nodes in China are low compared to the rest so there is no concern about the decentralization of Bitcoin and ETH.

dkbit98

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150 Bitcoin nodes running in China is nothing compared to total number of nodes, nobody can stop them and they can always switch to Tor if government choose to ban them with their firewall.
I also think that many people from China have vpn to access twitter, telegram, youtube and all other services that are blocked in their country.
This will not affect Bitcoin in any serious way and it's especially not important with number of ethereum nodes you mentioned.

pooya87

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China banning bitcoin is not important and I dare say nobody cares about what another country where they don't live in does to bitcoin or anything else. The FUD of China banning bitcoin is the problem and it will never go away even if not a single person in China used bitcoin! So in theory China can "ban bitcoin" every month as long as people are naive enough to believe the FUD.

stompix

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Blackjack.fun

150 out of 10 000, barely 1% shutting them down is not even worth trying, if anyone in China wanted to connect to a full node they would have probably used a VPN even before this. As for tor unless you use bridges and update them continuously as they get blocked one by one you will never be able to use it. Plus the speeds are horrible, I doubt too much block distribution is happening in China over tor.

So no, this blockade would mean nothing, unless they trial a few bitcoin owners for god know what crime against society and shoot them there is nothing more that can come out of china.

mk4

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Paldo.io 🤖

Based on their decisions they might as well just get on with it and ban Bitcoin every week.

As for Tor, can they even actually use it? As using VPNs are illegal as far as I know.

Saltius

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According to bitnodes and ethernodes, there are around 150 BTC public nodes and 400 ETH public nodes located in China.

CCP hasn't launched an ISP level blockade yet which is one of the few cards reserved in their hands.

Since BTC has 3000+ nodes in TOR (Can't tell how many ETH nodes in TOR) , I think users in China could still have access to full nodes then.

Topic: In theory there is still another China ban waiting to be launched. - page 2. (Read 329 times)