The exclusion of unwanted activity from the catalog does not mean that the Chinese miners received a full carte blanche for their work. Probably, business interests have overcome the desire of politicians to control all areas of activity. I will be interested to know if crowds of Chinese investors will buy bitcoins and ethereum now?
Considering that they not only have the largest number of mining farms, but also have very competitive prices for investors on Asian exchanges, I won’t be surprised if the BTC will be 12-13 thousand in the coming months. Although most forecasts point to May 2020, because then the cycle of bitcoins will only be formed. I don’t know about the ETH rumors go that they will remove their first coins and replace them with the second generation coins
Topic: Joseph Lubin Optimistic about Ethereum to work with China's crypto (Read 104 times)
November 13, 2019, 08:29:55 AM
November 16, 2019, 04:37:13 PM
yes, we can know that China is the 2nd largest economy in the world and their government's support of Crypto has legally boosted prices so much.
That shows their importance in this financial market and as Ethereum gains new benefits from China, they will become stronger and stronger than ever.
I really like when China speaks out positively about the crypto market and about the cryptocurrency in general, but when it catches up with a negative news background, I really do not like it because, as you said, it very much affects the world economy and everyone obeys its laws and when it issues the bad news is the whole market is going to hell. It would be better for China not to have such power over the global economy, because it would then be much easier for Bitcoin to fly to the moon, otherwise China will only put sticks into the wheels. That shows their importance in this financial market and as Ethereum gains new benefits from China, they will become stronger and stronger than ever.
November 16, 2019, 02:54:00 PM
yes, we can know that China is the 2nd largest economy in the world and their government's support of Crypto has legally boosted prices so much.
That shows their importance in this financial market and as Ethereum gains new benefits from China, they will become stronger and stronger than ever.
That shows their importance in this financial market and as Ethereum gains new benefits from China, they will become stronger and stronger than ever.
November 16, 2019, 02:29:50 PM
I am also hoping that the release of their coin will not be a selfish one and they will work with already existing coins in the market like bitcoin and Ethereum.
The Chinese people have been using these two coins before china decide to introduce their own coin, and when it comes to pairing with other currencies, I know that they will pair it with fiat which is very necessary for those that will find it easy to use fiat to purchase the coin when it is being released and I also know that they might one to pair it with one or two more solid cryptocurrency if which my bet is going to be fore bitcoin and Ethereum, which is one reason why I think next year will be another good year for all these currencies again. Their intention will be clear to us when the coin is eventually released.
The Chinese people have been using these two coins before china decide to introduce their own coin, and when it comes to pairing with other currencies, I know that they will pair it with fiat which is very necessary for those that will find it easy to use fiat to purchase the coin when it is being released and I also know that they might one to pair it with one or two more solid cryptocurrency if which my bet is going to be fore bitcoin and Ethereum, which is one reason why I think next year will be another good year for all these currencies again. Their intention will be clear to us when the coin is eventually released.
November 13, 2019, 10:58:02 AM
Joseph Lubin, the author of Consensys is idealistic about grasping the Chinese crypto ecosystem as he is confident that China’s Central Bank Digital Currency (CBDC) will allow the interoperability with open blockchains which would likewise incorporate Ethereum.
In his meeting with Forbes Joseph expressed that he is cheerful to interoperate with it once CBEC opens itself to the open blockchain, however, he likewise utilizes ‘’I don’t know’’ which shows a shortage of conviction in the announcement made
‘’I assume it is going to be exactly what Chinese leadership thinks is most beneficial to the Chinese leadership. Hopefully, that’s also open and we can interoperate with it, but I don’t know.’’
Source: TheCoinRepublic
If that's the case Ethereum will be the next big thing aside from its number 2 current position base on market cap. I was a little bit exited about these chinese cryptocurrency CBDC. on how it was function as a cryptocurrency, is it fast, or how it will react to the existing crypto market, is it a kind of a stablecoin, too many question that needs to be answer that's why its worth to watch the development of these chinese cryptocurrency. In his meeting with Forbes Joseph expressed that he is cheerful to interoperate with it once CBEC opens itself to the open blockchain, however, he likewise utilizes ‘’I don’t know’’ which shows a shortage of conviction in the announcement made
‘’I assume it is going to be exactly what Chinese leadership thinks is most beneficial to the Chinese leadership. Hopefully, that’s also open and we can interoperate with it, but I don’t know.’’
Source: TheCoinRepublic
November 11, 2019, 04:37:45 AM
Joseph Lubin, the author of Consensys is idealistic about grasping the Chinese crypto ecosystem as he is confident that China’s Central Bank Digital Currency (CBDC) will allow the interoperability with open blockchains which would likewise incorporate Ethereum.
In his meeting with Forbes Joseph expressed that he is cheerful to interoperate with it once CBEC opens itself to the open blockchain, however, he likewise utilizes ‘’I don’t know’’ which shows a shortage of conviction in the announcement made
‘’I assume it is going to be exactly what Chinese leadership thinks is most beneficial to the Chinese leadership. Hopefully, that’s also open and we can interoperate with it, but I don’t know.’’
Source: TheCoinRepublic
In his meeting with Forbes Joseph expressed that he is cheerful to interoperate with it once CBEC opens itself to the open blockchain, however, he likewise utilizes ‘’I don’t know’’ which shows a shortage of conviction in the announcement made
‘’I assume it is going to be exactly what Chinese leadership thinks is most beneficial to the Chinese leadership. Hopefully, that’s also open and we can interoperate with it, but I don’t know.’’
Source: TheCoinRepublic
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