Op-ed: Impossible to de-Chinalize Bitcoin - page 2.

franky1

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Quote from: hl5460 on February 16, 2017, 05:21:08 AM

Quote from: supergenics on February 16, 2017, 03:32:01 AM

Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...

Chinese market is shrinking, that doesn't concern you?

the chinese market was never big in the first place.
just Fudsters and spammers embellished and racially exaggerated 'china control' purely to cause speculation

CyberKuro

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Quote from: hl5460 on February 16, 2017, 03:27:11 AM

PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin.
It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin.

http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoin

Prohibit bitcoin withdrawal? Until the regulations about exchanges be done?
Or prohibit bitcoin withdrawal as fiat money (convert) ??
"war between government and Bitcoin will continue", I like this one as you have mentioned how capital against government since decades ago. Bitcoiners in China will find their ways even though gov ban bitcoin.

Xester

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Quote from: hl5460 on February 16, 2017, 03:27:11 AM

PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin.
It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin.

http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoin

The main issue on China was not on getting all bitcoins out of China but the creation of fake volumes and market manipulation of Chinese exchangers. But sooner or later China will also sell their bitcoins to get profit and in time the number of volume of bitcoins in their hands will diminish and will be distributed worldwide.

hl5460

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news.8btc.com

Quote from: supergenics on February 16, 2017, 03:32:01 AM

Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...

Chinese market is shrinking, that doesn't concern you?

hl5460

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news.8btc.com

Quote from: thepo1m on February 16, 2017, 04:03:38 AM

Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.

Japanese exchanges are taking 0 fees.

thepo1m

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Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.

talkbitcoin

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All I know is that I know nothing.

there is no Chinalize to de-Chinalize unless by de-Chinalize you mean we should kill the mentality of people thinking China is controlling bitcoin. there is even multiple topics about it. and when you look deeper into the issue you see that it comes from the numerous FUD that is being spread everywhere each time China makes a move.

the mining power is getting distributed with passing of time, Georgia is now becoming big, so that reason is already dead.

the volume they were reporting is also dead since now we all know it was all fake volume anyways.

so the question is how much longer the FUDsters are going to milk the China-controls-bitcoin-cow!

7788bitcoin

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I think it should be the other way round- PBOC is trying to get people in China to "de-Bitcoinize". It is possible but difficult due to the decentralized and P2P nature of bitcoin.

Senor.Bla

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I agree with supergenics. People try to fit Bitcoin is terms they can deal with. I fact i think people in general will find problems. If you look hard enough you will always find some kind of X-lization, just so you can demand it sw-x-lization. Whether it is a country or a region with to much hashpower or one entity (like a mining pool) spread over the whole world with to much hashpower. Only if you are the one with the hashpower you seem to have no problem. To a certain extent these awareness is good and healthy, but do not overdue it.

supergenics

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Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...

hl5460

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news.8btc.com

PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin.
It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin.

http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoin

Topic: Op-ed: Impossible to de-Chinalize Bitcoin - page 2. (Read 13811 times)