Bitcoin Forum

Bet you feel stupid Mike Hearn dont you ?

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

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

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 :P

Bitcorn?

We have digital food now?

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.

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

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.

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?)

Price skyrocketed because of that!!!

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  :D

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.

Sounds more like a banking 'cashless society' than a decentralised currency.  If that's the case then they're throwing the baby out with the bathwater and it wouldn't then phase me in the slightest.

I have not heard anything about China accepting bitcoin (or bitcorn), and price does not seem to reflect it... are those news for true?

I thought China created a new currency and named it Bitcorn if I have not read comments.  ;D...

Lol, I thought it was rice, not corn which was much appreciated in China.

he should feel bad for what he said now and stupid, and with bitcoin, now that china accepts them, their price will grow more and more, we should see 500$ before halving

Why you said that China accepting "bitcorn" (I think you make a misspelling and you mean "bitcoin" instead...) ....

Where you read that news? I think that market will react with a BTC GAIN of 100% in one day!

Where is the source of this?  And btw remember they controll they mining pools so they are already into bitcoin.
BTW I think Hearn just wanted to make a statement and thi swas a legit stetement.

The blocksize is a problem and we need a solution for it.

Very very good news for bitcoin, price of bitcoin will rise more and more, so time to buy and save much bitcoins as possible

i think it is more about government legalizing bitcoin, you know some kind of regulation for bitcoin. as we all know they are already using bitcoin more than any other country.

but without any official news or press article, we are talking about what?

OP could you please show where you read that China will accept "Bitcorn" (or much better "Bitcoin"?)

Or we are talking about nothing :D : I give you a hint:
You can spend your btc in the paradise/even? Due the different nature from fiat currency....

there is no need for news link to that, mining companies already exist on China.
what else proof is needed there, they are hardware already.

China as a nation actually doesn't have any laws about btc or maybe there is not a law that embrace btc.
This is why I talk about "official news" or press article.
If all mining activity going to antartic or polo north we can recycle this title?!?  ::)

that's awesome, he should feel very dump, all of things he said was lies, and now with china, bitcoin should rise even higher than before,  i hope to atleast 600$ by end of 2016

I think he purposely mis-spelt bitcoin as "bitcorn".
You may want to find out more about the origin of "bitcorn":
http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12?IR=T&r=US&IR=T

They are only interested at the pump and dump for big profits, create their own coins and try to get as much money as possible. They are not really contributing for the ecosystem.

Chinese has been in bitcoin forever, they also have the largest mining farms and the largest hasrate portion of the whole network. so i don't think then accepting bitcoin is anything new.

but if they decide to do exactly what they did with litecoin to bitcoin too then we are all in for a big treat.

he should feel very very bad now, and for bitcoin, that's awesome news, price will rise more and more now, because china will buy a lot of bitcoins, so price should rise

If the Chinese government creates its own currency, it can only force the Chinese people to use it. It will be an altcoin.

If the government of chinese support the bitcoin then thats a mainstream for bitcoin.

The Chinese exchanges started accepting fiat payments for Bitcoin months before the "Mike Hearn" stuff - and the current price DOES in fact reflect the aftershocks of the resulting BIG JUMP at the time.

 If the Chinese Government creates a digital currency, it might use some of the TECHNOLOGY from Bitcoin but it WILL NOT BE BITCOIN.