So China accepting bitcorn. - page 2.

randy8777

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Quote from: romero121 on February 07, 2016, 11:11:20 AM

I heard china is generating its own digital currency. This might risk china users at times. China won't ban bitcoin as more people are working for it but sure it will try to make people use their own country digital currency. This might have effect on the price of bitcoin and bitcoins growth.

if china really wants to force people to use their digital currency, then they can easily do so. i only think people will choose bitcoin as main currency because of the decentralized nature of bitcoin. can't see it having that much effect on the bitcoin price.

Paashaas

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Quote from: 2015Bubble on January 20, 2016, 06:21:09 PM

Bet you feel stupid Mike Hearn dont you ?

Mike is getting paid by bankers now, i think it was in the deal to bash Bitcoin when he left.

Bitcoin doesn't give a shit Cheesy

butcherboss

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Price skyrocketed because of that!!!

wuvdoll

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Quote from: romero121 on February 07, 2016, 11:11:20 AM

I heard china is generating its own digital currency. This might risk china users at times. China won't ban bitcoin as more people are working for it but sure it will try to make people use their own country digital currency. This might have effect on the price of bitcoin and bitcoins growth.

On the contrary, I think that Bitcoin WILL grow because of this. Indirectly, of course. Cryptocurrency is not stand-alone, let alone easily converted. I believe that if China uses this, many people will invest in Bitcoin and large companies will convert the Chinese digicurrency back and forth with Bitcoin for extra income. Basically, this news means more revenue and exposure for Bitcoin. (Plus, who woudn't want a much larger Bitcoin community?)

romero121

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I heard china is generating its own digital currency. This might risk china users at times. China won't ban bitcoin as more people are working for it but sure it will try to make people use their own country digital currency. This might have effect on the price of bitcoin and bitcoins growth.

~Bitcoin~

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Quote from: Amph on January 21, 2016, 03:46:19 AM

they are also creating their own coins apparently, this is soemhow good because it will increase the awareness about bitcoin, by other chinese people that were not knowing about it or too much scared to use/buy it

But i don't think it will be decentralized one as bank will keep it as centralized. But i think if it is centralized than more people will be intrested in decentralized digital currency and move towards bitcoin.

BruceLee007

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its about time, every country should do that, bitcoin is our future and nobody cant say that its not true.

Docnaster

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Quote from: MatTheCat on January 21, 2016, 05:15:51 AM

Quote from: 2015Bubble on January 20, 2016, 06:21:09 PM

Bet you feel stupid Mike Hearn dont you ?

China 'accepting' Bitcoin?

That is quite a set of limbs you have pinned to the news story that China's Central Bank is creating it's own digital currency.

One conclusion that might be drawn from this story, is that China might turn around and say to it's citizens. Right, now China has it's own digital currency so there is no need for anyone to use the treacherous Western Bitcoin anymore. Any citizens found holding, trading, mining Bitcoin after July 2016, will be found guilty of treason.

That could be possible. That is my worry too.

MatTheCat

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Quote from: 2015Bubble on January 20, 2016, 06:21:09 PM

Bet you feel stupid Mike Hearn dont you ?

China 'accepting' Bitcoin?

That is quite a set of limbs you have pinned to the news story that China's Central Bank is creating it's own digital currency.

One conclusion that might be drawn from this story, is that China might turn around and say to it's citizens. Right, now China has it's own digital currency so there is no need for anyone to use the treacherous Western Bitcoin anymore. Any citizens found holding, trading, mining Bitcoin after July 2016, will be found guilty of treason.

thesonandheir

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Quote from: 2015Bubble on January 20, 2016, 06:21:09 PM

Bet you feel stupid Mike Hearn dont you ?

Bitcorn?

We have digital food now?

teddy5145

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Quote from: Amph on January 21, 2016, 03:46:19 AM

they are also creating their own coins apparently, this is soemhow good because it will increase the awareness about bitcoin, by other chinese people that were not knowing about it or too much scared to use/buy it

But isn't that bad ?
People at China will be more aware of that coins instead of Bitcoin
Thus driving the popularity more to that coin instead of bitcoin
but this should be good to introduce people to cryptocurrency and hopefully they will choose bitcoin compared to that coin china made Tongue

nichu

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thats a good news, if thats the case the price will rise once again.

Amph

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they are also creating their own coins apparently, this is soemhow good because it will increase the awareness about bitcoin, by other chinese people that were not knowing about it or too much scared to use/buy it

2015Bubble

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Bet you feel stupid Mike Hearn dont you ?

Topic: So China accepting bitcorn. - page 2. (Read 2358 times)