Topic: Is China stepping back? (Read 1027 times)
it seems just a trade data of exchanges which are unreliable, not the transaction data from blockchain.
The way fiatleak works is not actually new fiat coming into bitcoin, its just the bitcoin trades for fiat. For example if a person A on OKcoin buys $1 (or CNY) of bitcoin from person B, then 10 minutes later sells that $1 of bitcoin back to person B. Fiat leak shows $2 of bitcoin being bought, when really no new fiat needed to enter OKcoin for those trades.
Anytime bitcoin trading volume is low, even person A->B->A->B, then fiatleak numbers will automatically come down.
Anytime bitcoin trading volume is low, even person A->B->A->B, then fiatleak numbers will automatically come down.
When it comes to bitcoins, I'm pretty immune to hearing the word "China" now.
Hmm.... China is relaxing the restrictions on Bitcoin though.
http://www.coindesk.com/chinese-official-bitcoin-can-co-exist-fiat-currencies/
http://www.coindesk.com/chinese-official-bitcoin-can-co-exist-fiat-currencies/
I think lots of chinese investor has enter in stock market which soaring up recently.
Normally http://fiatleak.com has a steady stream of coins flying from the Yuan but it's been slowing down it seems. Thoughts?
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