OK, so how did the Chinese read the Coindesk article?
Source: Coindesk article (http://www.coindesk.com/ceo-bitcoin-officially-bans-china/), translated to Chinese and back to English by Google Translate:
WTG Coindesk! Source: Coindesk article (http://www.coindesk.com/ceo-bitcoin-officially-bans-china/), translated to Chinese and back to English by Google Translate:
Quote
CEO of China official ban Bitcoin
Following China 's plans to ban bank transfer rumors to Bitcoin exchange , CEO bitcoin ™ has decided to ban Chinese .
The decision was adopted unanimously by the shareholders of Bitcoin , about Bitcoin Board , HaCkerz4BITZ and Bitcoin 's steering committee.
April 8 , Bitcoin and from the glory of the People's Republic of China will no longer be supported by the Bitcoin network ™ . The decision will not affect China 's Republic of China ( Taiwan ) - unless it is aggression simultaneously. It is unclear whether it will apply to Hong Kong , which is a little part of China, but in reality it is not - you know what?
Preemptive ruling People's Bank of China
The decision was announced by the bitcoin am CEO Warren Winkleberg ™ by reddit (Tuesday ) . It is composed of the following members of the Bitcoin community , China 's exchanges and Dorian S in the own extensive discussion.
Although there are some dissenting voices, they were drowned in a lengthy discussion , thanks to Godwin 's law - and therefore decisions are consistent.
As a result , Bitcoin company ™ decision to China 's official People's Bank of China (PBOC) notice is expected to effectively prohibit banks from doing business Bitcoin exchanges in China, which happens to be the first to be announced fully -owned subsidiary of Bitcoin the company ™
Warren Winkleberg said:
"Given China's imminent decision to ban Bitcoin exchanges, we have no choice but to completely ban China , we know that this decision will affect the long-term price of Bitcoin and proliferation , but frankly , we have no choice . "
"We have to act in the best interests of our shareholders and global bitcoin ™ investors , " he added .
Reaction , rebound, anti- backlash reaction
Internet ™ 's KalEl Al - Al Gore 's chief executive officer told CoinDesk, although this decision is controversial, in the grand scheme of things , this will help in the Bitcoin community as a whole and the Internet ™ . He added:
" China 's Great Firewall has hindered the development , erode our profits over the years here, in the internet ™, we know that certain circles , restrictive policies advocated by the Chinese government may adopt a new growth and the devastating impact of technology and I should know, I invented the Internet ™. "
"In addition, carbon dioxide emissions caused by the firewall is caused by China 's air quality problems , they have become a public health issue and we all need to reduce our carbon footprint ."
Dogecoin ™ CEO , Chairman Shibah iNews said:
Duke
Mr. interactive news station modeled Mensweardog
In addition, bitcoin miners Socialist Union warned that the decision would not do much to help China 's Bitcoin miners, who are often forced to difficulties in the absence of union protection under the harsh conditions of instability bitcoin mining work.
ILO report , more than a dozen canaries ( keeping their " Bitcoin " yellow tint ) bitcoin mining in China died last year .
"The children were forced to mine block to the main block chain , but the difficulty is astronomical - and these kids do not even make the transaction costs they're digging , " the investigator told the premier news source Bitcoin 's Coinion last December .
Even Apple has asked the authorities to investigate thoroughly .
"It's worse than Foxconn , we do not believe this is whatever , but it was," Apple CEO Tim Cook tweeted response. " It's almost inhuman to read the terms of iTunes service ."
Wild price fluctuations
The move is expected to result in greater volatility on the currency market has been a bit turbulent . Many Chinese investors and exchanges, is expected to start dumping their bitcoins held in the coming week . This could trigger a chain reaction , causing many investors to the former price of tanks, please uninstall your wallet .
Bit o coin prices fell | create infographics
However, it is seen as speculators and even some government a chance. Ukraine rumored to be planning to acquire up to $ 1 billion worth of bitcoins , it plans to use it to repay its $ 1.6 billion natural gas bill and angered Russia in this process .
Russian President Vladimir Putin did not leave a deep impression.
. " I bought into bitcoin $ 14 and $ 800 to sell all my prince, " he said, adding : "Under the leadership of Vladimir Putin , Russia 's Bitcoin exchange you."
Analysts expect prices bottoming out later this month , but it does when we come to spend a few weeks in negative territory , literally .
This is not all bad news. Speculators can expect if they pounce at the right moment huge returns. In related news , the mountain. GOX is widely expected to miraculously "discovered" hundreds of thousands of Bitcoin once, they are worth very little .
Following China 's plans to ban bank transfer rumors to Bitcoin exchange , CEO bitcoin ™ has decided to ban Chinese .
The decision was adopted unanimously by the shareholders of Bitcoin , about Bitcoin Board , HaCkerz4BITZ and Bitcoin 's steering committee.
April 8 , Bitcoin and from the glory of the People's Republic of China will no longer be supported by the Bitcoin network ™ . The decision will not affect China 's Republic of China ( Taiwan ) - unless it is aggression simultaneously. It is unclear whether it will apply to Hong Kong , which is a little part of China, but in reality it is not - you know what?
Preemptive ruling People's Bank of China
The decision was announced by the bitcoin am CEO Warren Winkleberg ™ by reddit (Tuesday ) . It is composed of the following members of the Bitcoin community , China 's exchanges and Dorian S in the own extensive discussion.
Although there are some dissenting voices, they were drowned in a lengthy discussion , thanks to Godwin 's law - and therefore decisions are consistent.
As a result , Bitcoin company ™ decision to China 's official People's Bank of China (PBOC) notice is expected to effectively prohibit banks from doing business Bitcoin exchanges in China, which happens to be the first to be announced fully -owned subsidiary of Bitcoin the company ™
Warren Winkleberg said:
"Given China's imminent decision to ban Bitcoin exchanges, we have no choice but to completely ban China , we know that this decision will affect the long-term price of Bitcoin and proliferation , but frankly , we have no choice . "
"We have to act in the best interests of our shareholders and global bitcoin ™ investors , " he added .
Reaction , rebound, anti- backlash reaction
Internet ™ 's KalEl Al - Al Gore 's chief executive officer told CoinDesk, although this decision is controversial, in the grand scheme of things , this will help in the Bitcoin community as a whole and the Internet ™ . He added:
" China 's Great Firewall has hindered the development , erode our profits over the years here, in the internet ™, we know that certain circles , restrictive policies advocated by the Chinese government may adopt a new growth and the devastating impact of technology and I should know, I invented the Internet ™. "
"In addition, carbon dioxide emissions caused by the firewall is caused by China 's air quality problems , they have become a public health issue and we all need to reduce our carbon footprint ."
Dogecoin ™ CEO , Chairman Shibah iNews said:
Duke
Mr. interactive news station modeled Mensweardog
In addition, bitcoin miners Socialist Union warned that the decision would not do much to help China 's Bitcoin miners, who are often forced to difficulties in the absence of union protection under the harsh conditions of instability bitcoin mining work.
ILO report , more than a dozen canaries ( keeping their " Bitcoin " yellow tint ) bitcoin mining in China died last year .
"The children were forced to mine block to the main block chain , but the difficulty is astronomical - and these kids do not even make the transaction costs they're digging , " the investigator told the premier news source Bitcoin 's Coinion last December .
Even Apple has asked the authorities to investigate thoroughly .
"It's worse than Foxconn , we do not believe this is whatever , but it was," Apple CEO Tim Cook tweeted response. " It's almost inhuman to read the terms of iTunes service ."
Wild price fluctuations
The move is expected to result in greater volatility on the currency market has been a bit turbulent . Many Chinese investors and exchanges, is expected to start dumping their bitcoins held in the coming week . This could trigger a chain reaction , causing many investors to the former price of tanks, please uninstall your wallet .
Bit o coin prices fell | create infographics
However, it is seen as speculators and even some government a chance. Ukraine rumored to be planning to acquire up to $ 1 billion worth of bitcoins , it plans to use it to repay its $ 1.6 billion natural gas bill and angered Russia in this process .
Russian President Vladimir Putin did not leave a deep impression.
. " I bought into bitcoin $ 14 and $ 800 to sell all my prince, " he said, adding : "Under the leadership of Vladimir Putin , Russia 's Bitcoin exchange you."
Analysts expect prices bottoming out later this month , but it does when we come to spend a few weeks in negative territory , literally .
This is not all bad news. Speculators can expect if they pounce at the right moment huge returns. In related news , the mountain. GOX is widely expected to miraculously "discovered" hundreds of thousands of Bitcoin once, they are worth very little .
* ∞Shows how ridiculous this whole thing is..
As I see it wont come >400$ 