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Topic: So China accepting bitcorn. - page 2. (Read 2345 times)

legendary
Activity: 896
Merit: 1000
February 08, 2016, 08:24:47 AM
#14
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.
legendary
Activity: 3512
Merit: 4557
February 08, 2016, 08:17:15 AM
#13
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
sr. member
Activity: 338
Merit: 250
February 08, 2016, 07:39:34 AM
#12
Price skyrocketed because of that!!!
legendary
Activity: 1442
Merit: 1025
February 08, 2016, 07:01:48 AM
#11
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?)
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
February 07, 2016, 11:11:20 AM
#10
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.
legendary
Activity: 994
Merit: 1000
February 07, 2016, 11:01:55 AM
#9
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.
sr. member
Activity: 406
Merit: 250
February 07, 2016, 10:39:55 AM
#8
its about time, every country should do that, bitcoin is our future and nobody cant say that its not true.
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
January 21, 2016, 02:50:21 PM
#7
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.
hero member
Activity: 840
Merit: 1000
January 21, 2016, 05:15:51 AM
#6
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.
newbie
Activity: 20
Merit: 0
January 21, 2016, 05:02:26 AM
#5
Bet you feel stupid Mike Hearn dont you ?

Bitcorn?

We have digital food now?
hero member
Activity: 714
Merit: 528
January 21, 2016, 04:35:51 AM
#4
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
full member
Activity: 154
Merit: 100
January 21, 2016, 03:49:59 AM
#3
thats a good news, if thats the case the price will rise once again.
legendary
Activity: 3248
Merit: 1070
January 21, 2016, 03:46:19 AM
#2
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
full member
Activity: 196
Merit: 100
January 20, 2016, 06:21:09 PM
#1
Bet you feel stupid Mike Hearn dont you ?
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