China's ban on cryptocurrencies seemed poised to wipe out the domestic industry. That's not quite how things played out. @lagerkranser talks with @Yueqi_Yang and @pingroma about the Chinese government's relationship with crypto. Source:
/1582600429002702849">Bloomberg Crypto Are there still people who think China is relevant when it comes to Bitcoin + what domestic industry are you talking about? Bitcoin mining and anything related to Bitcoin or all cryptocurrencies in general is so insignificant to the total Chinese GDP that all these bans did not harm them at all.
I don't understand the Chinese government's thoughts until now because they never liked cryptocurrencies and Bitcoin, so I'm still not sure that one day China will like cryptocurrencies and Bitcoin just to take advantage of the situation or a desire that is still buried in the government's mind
Bitcoin in a country ruled by a communist party will never succeed, that should be clear to everyone - but there are many who have never felt what it means to live in communism. Unfortunately, I had the opportunity to see how it works, so I can't imagine that China in this kind of political system could ever accept something that it cannot control.
Bitcoin is designed in such a way that it need not give any shits about what "China thinks" about it.
People are likely to going to be continuing to use bitcoin in China.
Remember 2016-ish? The Chinese govt had largely frozen all of the Chinese jurisdiction bitcoin exchanges, and likely screwed a lot of its regular people from being able to participate in the 2016/2017 bitcoin bull run.
Sure some of the chinese people within the jurisdiction might have been able to get back into bitcoin, and some may have realized that their government is working against them by trying to keep them out of bitcoin, but I think that we have seen quite a bit of evidence that merely one jurisdiction (government) being against bitcoin is likely NOT going to stop bitcoin, even though government restrictions do likely have material influential affects on people owh might have otherwise been inclined to get more involved in bitcoin absent the government intervention to make bitcoin unlawful or more difficult to "get into."
Not only Bitcoin related:
If it takes long enough, it will be all right in the end.
Went on a first-light safari with the old, DIY repaired telescope and new mount
We
(royal that is) don't care about efforts.
We
(royal that is) ONLY care about results.
Waiting........
Edit: Whoaza.... !!!! Yours truly (ie this here cat, aka me) did not need to wait too long.. I recieved some results after about one hour, or just scrolling down one post, past dee chart buddy to see that the results had already been posted....
https://bitcointalksearch.org/topic/m.61150310 Sorry that I had some doubts about your abilities to show proof of work..