Last time I saw something about China was that cool advertise from Bitman
From Sand to Bitcoin
https://www.youtube.com/watch?v=YMjjtu74gcQ
it reminds me an old advertise
GLOBALFOUNDRIES Sand to Silicon
https://www.youtube.com/watch?v=UvluuAIiA50
ps-> I do believe that bitcoin second layer (segwit) is the correct way to scale while keep layer 1 secure still critical
Topic: Regarding China (Read 948 times)
Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.
Chinese miners are moving its operation to Hong Kong.
Well its a good opportunity in Hong Kong. We cannot ignore China since a bulk of bitcoin transaction is from them also.This negative news about banning ICO's are affecting the bitcoin prices but now the market slowly recovers.Bitcoin is above $4000 again this morning.
it could be that the reason that happened, but there could be other reasons why, why china banned ICO, for now we only can just guess ..
ICO ban before any actual legal rulings for such things are made kinda makes sense, though. I think that a blanket ban is a bit overkill, but it makes sense to regulate crypto investments like that anyways, because it's obvious that the crypto users themselves cannot do this.
I think they wanted to calm the market down while they figure out how to regulate them. The speed at which the ICO bubble was inflating (therefore the speed at which Chinese investor money was evaporating into offshore, unregulated securities markets) was alarming.
There has been talk from Chinese officials that suggests that this is all temporary. China expects to be a global financial hub; it seems very unlikely that they would institute a blanket ban permanently.
Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.
Chinese miners are moving its operation to Hong Kong.
it could be that the reason that happened, but there could be other reasons why, why china banned ICO, for now we only can just guess ..
ICO ban before any actual legal rulings for such things are made kinda makes sense, though. I think that a blanket ban is a bit overkill, but it makes sense to regulate crypto investments like that anyways, because it's obvious that the crypto users themselves cannot do this.
it could be that the reason that happened, but there could be other reasons why, why china banned ICO, for now we only can just guess ..
If Chinese government objective of banning bitcoin activities in its country is to put a stop of blockchain's decentralized system so they can remain relevant then I think they are on along things. Chinese trader volume of bitcoin has reduced from around 90% to around 6% and the bitcoin price has not fell significantly. The beauty of this system is that it is decentralized and no matter what happens people will still be using bitcoin as money. I will advise them to regulate the use of bitcoin around China and set up laws that ithey citizens can obey but stop bitcoin is not possible.
So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)
Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
China is concerned only with the economy, blockchain technology is really needed from now and in the future.Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
But they china do not care about things like that, they only care about money, money and money
I believe people read too much into these things recently.
I am not actually denying the fact that government and specially the banks are not worried about bitcoin, in fact they are. but things that are being done are rarely to "kill bitcoin". the primary reason has never been that. it is always done to fight some illegal activity. like eliminating the new way of scamming people through ICOs and taking their money without really producing anything. if you want to see Ponzi scheme then look at some of these ICOs. you think the government should let this continue!
I am not actually denying the fact that government and specially the banks are not worried about bitcoin, in fact they are. but things that are being done are rarely to "kill bitcoin". the primary reason has never been that. it is always done to fight some illegal activity. like eliminating the new way of scamming people through ICOs and taking their money without really producing anything. if you want to see Ponzi scheme then look at some of these ICOs. you think the government should let this continue!
I think the blockchain tech will keep growing, no government can stop it. Although the Chinese government want to ban the bitcoin, it can be go to a high price with time pass by. 
it is revolutionary after the internet tech.
it is revolutionary after the internet tech.It seems less and less likely everyday that they are going to ban it. One official suggested that even ICOs will be permitted and regulated. Charlie Lee says that his trusted source in China says that the network/mining ban talk is just FUD that manipulators are using to push the market down. If you think about the capital inflows that Bitmain is bringing into the country, and how much more it could potentially bring? It makes no sense to discourage mining. And they can't simultaneously encourage or subsidize mining and prohibit the network.
What they might do is prohibit CNY purchases of mining hardware. If Bitmain is tightly regulated and only accepts payment in USD and cryptocurrency, then that's all capital inflow.
I fully agree with you. Maybe it is just a little bit of drama to buy the Chinese government more time to figure out how they should start regulating ICOs. One things for sure, they are a "lightweight north korea" at the present time.
Seems like battle for their own survival (never about citizens or countries).
Countries that are currently resisting the very transparent Cryptocurrency/Blockchain have Cult like leadership and will continue to anything possible to hold on to powers and keep their activities secret.
Countries that are currently resisting the very transparent Cryptocurrency/Blockchain have Cult like leadership and will continue to anything possible to hold on to powers and keep their activities secret.
All of these China new eventually starting to be really annoying. I personally don't think that China would try to kill crypto currencies as this is under their domination majorly.
I think the blockchain tech will keep growing, no government can stop it. Although the Chinese government want to ban the bitcoin, it can be go to a high price with time pass by. it is revolutionary after the internet tech.
it is revolutionary after the internet tech.It seems less and less likely everyday that they are going to ban it. One official suggested that even ICOs will be permitted and regulated. Charlie Lee says that his trusted source in China says that the network/mining ban talk is just FUD that manipulators are using to push the market down. If you think about the capital inflows that Bitmain is bringing into the country, and how much more it could potentially bring? It makes no sense to discourage mining. And they can't simultaneously encourage or subsidize mining and prohibit the network.
What they might do is prohibit CNY purchases of mining hardware. If Bitmain is tightly regulated and only accepts payment in USD and cryptocurrency, then that's all capital inflow.
I think the blockchain tech will keep growing, no government can stop it. Although the Chinese government want to ban the bitcoin, it can be go to a high price with time pass by. it is revolutionary after the internet tech.
it is revolutionary after the internet tech.
I think one time come to bit[Suspicious link removed]d time. 
Blockchain technology in the future is going to probably take over the control that the government has, and spread it evenly between its users(since it is decentralized, and governents are centralized). Something like bitcoin has the potential to replace fiat currency completely.
How so? Governments can mandate that debt and taxes be paid in national currency. That's essentially what fiat means. Even if cryptocurrency is increasingly used in society, what makes you think it could replace fiat currency?
It's not like governments will stop issuing national currencies, and it's impossible to say if/when volatility could permanently stabilize to the point that people could rely on crypto for day-to-day expenses. Part of the attraction of fiat currency is the stability that can be provided (at least on the mid-term time frame) by a government's mandate.
So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)
Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
In my opinion, yes, he is absolutely right.
Blockchain technology in the future is going to probably take over the control that the government has, and spread it evenly between its users(since it is decentralized, and governents are centralized). Something like bitcoin has the potential to replace fiat currency completely.
This is why governments are so scared bitcoin's going to grow. And it's the main reason why they're trying to stop bitcoin businesses from existing as well.
Yes,china is afraid of bitcoin's huge progress.They know very well that they could not ban bitcoin completely.But they want to try their best to minimize the use of bitcoin in china.That's why,they are taking these actions step by step.Few months before,PBOC regulated chinese exchanges and as a result,those exchanges suspended the withdrawal of bitcoins for a month.And now,complete ban on ICOs and ban on bitcoin exchanges.Even if they issue license to exchanges in future,rules and regulations would be very strict.And one more thing is remaining to be implemented,the ban on bitcoin mining.Don't know when it would come in to efffect.These aactio ns would definitely reduce the usage of bitcoins in china to atleast half of its volume now.
It is likely that after the 19th Party Conference of China, which will be held on October 18, the changed party leadership will change the approach to the crackpit and it will again be allowed in this country. There is also information that the Chinese government simply can not really prohibit the circulation of the crypto currency, because it is not in a position to control it.
It is not forbidden exactly in China. Only the exchanges will require more regulations, but still more than 1 month until they have to close if they don't meet the new requirements.
But I think they could control Bitcoin if they want because they already control internet and are a lightweight version of North Korea, but they would have to stop the production of ASICs miners and maybe hurt their economy in the future, so I doubt they would.
So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)
Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.
So what do you think about that statement?
I think china is the largest bitcoin miners country but bitcoin is digital currency. the men we need use bitcoin. so i think one time come to bitcoin good time.
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