Topic: What will happen to Bitcoin if China shuts all physical Internet cables. - page 3. (Read 875 times)
October 01, 2017, 01:17:50 AM
There would be two different Bitcoin environments. It'd be fucking bad since there would be different transactions but on the "same" block. It's okay like that when it's closed off, but if they were to reconnect it'd be terrible.
October 01, 2017, 01:15:56 AM
Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
First of all this will never happen. What will happen to transnational corporations if they can't even establish connections to the outside world? It wouldn't make sense, otherwise the entire Chinese economy will shut down as corporations either shut down or relocate overseas.
Even if it happens, worst case scenario we lose all hashpower from China, which is actually a good thing. It keeps the network decentralized. I'm sure even if it does happen, there will be ways around it to use bitcoin.
October 01, 2017, 12:40:24 AM
Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
China is Seller country they want to sell anythings so that they will never ban bitcoin but if you ask for just knowledge not for real bitcoin will loss more than 2000$
The Chinese government doesn't care if their citizens are selling coins or not. Bitcoin is considered shameful to their central control and goals for capital controls. They intend to put a stop to it and Bitcoin will be one of the first capital vehicles to go once the crackdown begins. Stop fooling yourself with this silly "they want money" concept. It's a stupid lie perpetuated by the stupid or liars on this forum.
October 01, 2017, 12:36:17 AM
Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
China is Seller country they want to sell anythings so that they will never ban bitcoin but if you ask for just knowledge not for real bitcoin will loss more than 2000$
October 01, 2017, 12:34:37 AM
Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
What if it came true and BTC really died if that came, but everything is unpredictable in the future and it will never become an outcast.
October 01, 2017, 12:33:43 AM
bitcoin will have a much more smooth rise and a bigger one with no more big drops.
because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.
because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.
You don't understand anything about China and their ability to censor do you? Furthermore to eliminate 1.4 billion people from the crypto equation is not something that you or anyone else heavily invested would want. I GUARANTEE THAT.
October 01, 2017, 12:30:52 AM
Then there will be a big LAN in Asia without physical connections to the outside Internet.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Bitcoin will be dead and otherwise unusable to anyone within Chinese territory. China is very skilled at censorship. The only way to sell your coins would be to physically leave China if there was to be a complete firewall ban.
October 01, 2017, 12:30:25 AM
bitcoin will have a much more smooth rise and a bigger one with no more big drops.
because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.
because if your unlikely scenario happens, we will get rid of the biggest source of FUD which has always created a lot of chaos in the market. and on top of that people will finally realize that bitcoin is a decentralized currency and it won't matter when some government does weird stuff.
October 01, 2017, 12:24:42 AM
China government's ban on cryptocurrency exchanges is representing a plain threat to bitcoin.
Since a large amount of hash power provided by miners arrives from china and such regulation would reduce hash power.
What will happen to bitcoin if china shuts all sources of cryptocurrencies, we see people fall under pressure and start selling bitcoins but this act can't kill bitcoin anyways.
Since a large amount of hash power provided by miners arrives from china and such regulation would reduce hash power.
What will happen to bitcoin if china shuts all sources of cryptocurrencies, we see people fall under pressure and start selling bitcoins but this act can't kill bitcoin anyways.
September 30, 2017, 11:40:23 PM
Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
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