Bitcoin Forum

China's direction in this is clear.

Early in 2018 they will launch a blockchain based coin linked with wechat and allied with Alibaba. Because it will be instantly useable to more than a billion people for all daily shopping actitivites it will quickly spread beyond China and become the dominant coin.

Also, all the miners located in China will switch to the wechat coin, leaving the other coins with huge problems.

Hi, do you know, they will go out on ICO?

That will only be available for Chinese

Also keep in mind that the Chinese oligarchs will want to control it for themselves

As far as I know Wechat has money transfer service, but its nice to know that they're going into crypto.. I wonder how will it. Will check out ICO for sure.

At the moment, it seems that the main reason why China prohibited bitcoin from trading in the country some time ago is to control the money laundering channels of some people, and of course, there may be unknown reasons

Because they will launch their own coin

Disneyland is also issuing its own dollars with the head of Mickey Mouse on them, it is linked with their amusement parks and allied with the hot dog stances. it is instantly usable by billions of people and will make Walt Disney the dominator.

also all the papers that were used to print US dollar will go to Disneyland dollar and leave the US government crippled for printing more money. The Donald (Trump not the Duck) is currently having nightmares about this.

http://www.kathsdisneydollars.com/uploads/3/7/6/1/37618517/3644623.jpg?547

There's also been a new coin launch planned called FUDSHILL that is being launched by Freightjoe.

It's value will be worthless just like his posts.

Scotty boy, I am sorry you are not capable of solid analysis and research, but are only able to shout and stomp your feet. Perhaps you should go and finish your homework before it is bedtime.

Will the news be true? Although 2018 is coming, but from this year's analysis, it seems that the Chinese government is controlling bitcoin and coin payment. If it is built only for the Chinese people, then it can not be circulated and developed, in this case, there has been RMB, there seems to be no need to have such a program

all dream of a partnership between alibaba and bitcoin destroyed ahah

Would you mind to share the link about the news? I cant able to find it. If this news is true then wechat coin would only benefit chinese people since it is just focusing for their own people. I have seen that they are already using digital payments. I just forgot the name. I dont think miners would leave out specially on bitcoin. There might be some possibility of such switch off but i cant think that they would rather focus on new coin than on the established one.

I suppose it's https://trustsql.qq.com/ by Tencent?

If anyone figures out where and how to invest as a none chinese, please post your solution.

South China Morning Post

http://www.scmp.com/business/companies/article/2123150/wechat-coin-due-2018

That's good for China and some online shopping sites/apps They can shop with Cryptocurrencies.

How can you say that they can make other coins with huge problems? well actually most of the coins in the cryptomarket are good even without china. Bitcoin is fine without china and any other countries. Yes, they may have a big impact when it comes to more hashpower but, they can always be replaced by another country like russia, USA etc. don't worry bitcoin would still rise ;)

If in China next year will have its own centralized crypto currency, then this China will not give anything. In order to develop and make a profit, international trade ties are necessary. China's centralized crypto currency seems to be going mostly inside this country and will not have a significant impact on the world's decentralized crypto currency. Let's see how it ends. While we do not have an example of the circulation of a centralized national currency and its interaction with other universally recognized crypto-currencies such as bitkoyn.

it seems that btc is gonna die soon... ::)
i don't think that china will stop to mine and/or trade btc or other crypto....they can't be separate from all the rest of the world

true - they cannot be seperate, but they want to control the tools the world is going to use

why do you think that will happen? It's very unlikely for the miners to mine a coin created by an government, that too the Chinese government which has been knows to impose restrictions on a lot of things. It's obviously going to be their own centralized 'Cryptocurrency', no one will probably give two shits about it.

China directions is not clear at all

First , misleading stupid title
There is no China launchign a coin.
It's like saying the US is building a Tesla car or Germany is launching a new yogurt.
A company in China is launching a coin, a huge difference but for ones that actually bother to read and comprehend not just spam the board.

Second , it's old news. Very old news.

https://www.bloomberg.com/news/articles/2017-09-15/china-s-wechat-crackdown-drives-bitcoin-devotees-to-telegram

Oh, and miners?
It will (wasn't meant to be) minable.

So,that's the motive of china for which it took such severe actions against bitcoin.Also linking their coin to buy anything from alibaba is a masterplan to make their coin famous and more usable among the people.So,the chinese if not as an investment,atleast buy that coin for buying products from alibaba.

For this to happen, they (Wechat Coin) would need to use SHA256 PoW... which I doubt they will.

Where did you get this information from then? you didn't have further details. I would like to know how Wechat Coin is supposed to compete against Bitcoin which is a global currency/store of value. Their market would be limited to China. Why would you limit your potential to one country when you can have global reach? it's a waste of resources, they can't win.

They might have got plans to integrate few ventures and create their own coin and make use of it. One such initiation is the wechat coin, because when people were insisted to pay only with that particular coin for all wechat requirements surely users will do it and the same will help in the circulation leading to growth and regular usage without much promotion.

Not stomping my feet... just pointing out what an idiot you are. I'd wager that I'm either older than you or close to the same age, so nice try.
I am quite comfortable in life and will leave it at that. Bitcoin is a small part of my portfolio which is in addition to company pension

How liquid are you??

You're the one of questionable intelligence. You spam, spam, spam and get your ass handed to you every time.

Would be a good investment pity only for the Chinese.

It is very unpredictable, and i dont think that anyone who has posted in this thread knows what will exactly happen with this coin.
If i am not wrong, a lot of people were saying that "NEO was going to be the ONLY mineable coin in China, and that all the ICO's were going to start being developed with neo technology"
What the hell is happening now? Seems that all those things are happening with this token, i dont know why you all are trying to spread fake news only to pump/dump coins, because we all know that all those speculations about NEO were fake.
Wechat? what the fuck? it is obviously that the government really want to control everything.

I wouldnt be surprised if the Chinese government gonna really do this. But I cant seem to find any news on this... mind sharing any?

For this to take place/hold,there will have to be an ICO they will hold, for it to be seen by the general public. The Chinese government and economy is of big effect on bitcoin and they doing this is of no surprise to me. Most of the miners of bitcoin and alts are based in China.

Shouldn't this post be in the altcoin forum?

There hasn't been that much evidence put out that this is the case.
But, China issuing their own coin would make sense considering their recent actions to control icos and exchanges.
A lot of regulations were made to ensure that chinese businesses prosper in china with wechat being one of them.

Ban facebook and twitter, which gives qq and wechat dominance in the chinese market.
Ban google, enter baidu.
Ban youtube, enter youku.
Of course, a lot of the head politicians in the communist party are heavily invested in these chinese companies.

With something as big as crypto, I guessed that the similar things would occur, government controlling crypto to pave the way for a chinese company and coin to dominate the market.

Whether this is through wechat or not is yet to be seen.

Scotty boy, more stomping of feet. How very mature of you.

If you are so comfortable, then why the need to constantly stomp your feet? Clearly you display the typical insecurity about your choices that is often seen in adolescents which often manifests itself in the need to constantly reassure an audience that you are happy with your choices.

This probably the reason why China decided to banned bitcoin transaction in their country like what they always do they created their own crypto coin/token that will be use over their economy, somehow this is good because if a certain country can run their economy using digital currencies possibilities that bitcoin can become a legal currency of the world can also happen anytime soon. 

Any source on this so far? The way I see it this is just speculation at the moment.

Now i personally have never heard of this wechat coin or ico so i will agree with you. It does seem that many countries are trying to develop their own crypto currencies.  Why don't they just create for example digital dollars or whatever. In the case of China of course they want to control everything. Only thing between China and other governments is they don't hide it.

As a Chinese do not see where to promote wechat coin, but this idea is still very good, and now our domestic ico are going overseas. At the moment I think of a few such as linkeye and simons chains.

China`s national bank, People`s Bank of China has already started its working towards developing its own cryptocurrency. Before ban on cryptocurrency, bitcoin was very popular in china, in fact china was the biggest trader and miner of bitcoins. Of being a communist country Chine`s government must have plans in introduction of a cryptocurrency. Blockchain transactions are easily traceable, allowing for an easier time finding and eliminating corruption. National cryptocurrency would help to strengthen the dominant Communist Party of China.

The only reason WeChat hasn't been blocked is because the government makes users sign up with their real name.  Any currency created that is linked to it, will have no anonymity.

wechat is the most horrible chat app for mobiles, full of emoticons for 14 years old so, if their coin follow the same guidelines this will be the king of crapcoins.
China now wants to have monopoly also on crypto like they did with the great firewall and all of the restriction poor chineses have..
What's the point of develop their own coin? the main goal is to have a control over it, simple as that, they tried to pee in BTC by banning, considering it crap and so on and now? they're doing the same; i would consider it as the same level as xxxcoin for now, in the future we will see but for me that's another BS.

You have the lack of maturation...lol. I'm showing that I am not unlike the others you claim to be helping...I'm just fine. Keep deflecting, though. The only adolescent behavior I see is you crying from the rooftops at every turn and personal attacks on other posters. Bravo! Thanks for reinforcing my points in public. Tired of the same old boring rebuttal, yet. That seems to be your one trick pony show.

Maybe this is the reason why Chinese government is trying to ban Bitcoin in their territory. Well we know how Chinese do it. See what happened in facebook, they banned the use of it within their country and created their own social media site.

if china launch this coin, i am damn sure it will be huge..

Scotty boy, you do it again. No facts and no arguments. You merely take what I write and say "no, you too". Does not seem to be the behaviour of an adolescent, but more that of a toddler.

I am still waiting for a single shred of fact or evidence to refute my solid analysis from you.

How quickly do you think it will be adopted?

it will just be like a token that can only be used in China, it will not have any difference with Chinese Yuan since it will have the same value. Maybe it is their way of incorporating crypto currency top their fiat and I don't see any effect of it to the global market of crypto currency. If Chinese miners will convert to that currency then it will just open a new window for other country's miners.

would this be a problem with bitcoin or other crypto ?

I dont think so, I dont even care what china will do. let them walk with what they want, but basically they will never succeed without the support of the community outside of china.

maybe, maybe not. i doubt every single one of those billions of people will be knowledgeable on how to actually use it completely at the time of launch. as for it becoming the dominant coin, china does hold a fair bit of geopolitical influence, but simply releasing a coin under its name itn't enough for it to suddenly take the cryptocurrency scene by force. crypto is huge on decentralization, and with a government like china's putting their backing on it, a lot of crypto enthusiasts are going to suspect a rather disappointing lack of decentralization.


only as long it remains the most profitable coin for the miners. and it would be limited to those who have the hardware to mine whatever algorithm the coin runs on (256, x11, scrypt, whatever). it might be a popular choice to mine for a little while, but i would honestly expect it to die out real quickly.

This is one of the effects of the fast growing community of bitcoin. other country also realized ho efficient  it is to make values flow like how bitcoin makes it.

china wants to go one step further with it by implementing bitcoin on wechat feature. no wonder if China block coin from outside because the country is always want to develop its own products just like all chinese products

China always launches new coins but i do not think it is something new because it was already expected from china to launch something like this i have saw this before it happened but now it has happened i am not happy also not sad let them what they want to do.

I know that in China the Wechat  is very popular, a couple of months ago I downloaded this application for an iPhone. my conclusion: other messengers are popular in Europe a hundred times better and more convenient. I am convinced that Wechat is for the Chinese!

As what many expects after China decided to banned bitcoin transactions in their economy. China wants to have control over cryptos which they cannot do in bitcoin so the solution is to create their own coin and make it as their official crypto currency. This country is really good when it comes to copying. I hope their coins can sustain the market because for sure it will never go over bitcoin popularity

If the Chinese government ban bitcoin, miners inside China will have to mine their coin or move out, if they find mining that coin more profitable they will switch to it..


This is the true side of the story :3

Yeah it is the reason because the we chat is now giving a lot of the profit to the people, almost all the people are buying the bitcoin and the most used site of the outdoor areas users for me the bitcoin is the best source of the income and I am making a lot of the profit with the bitcoin so if it will be true the bitcoin will give me more profit. If the investment will be high the profit will also be very high.

And you believed this?

None of them will leave coins such as bitcoin, litecoin and etereum. They don't work on mining just because of they like like the coins. They earn money that's why. They don't care who's behind what.

If the source is legit well good for us,China has a lot of BTC volumes if the China lift the ban from their country alts will rise again.

That would be another goldmine rush for their locals consider the huge adoption of these application among their society, we-chat has been always popular and they are very powerful as well in doing businesses or making transaction, Alibaba is another experienced company as well when dealing with innovation and stuff, Jack Ma had speaked about how he was impressed with block-chain technology, it's only matter of time for China to produce a hybrid block-chain that could prosper their people as well.

Aside miners leaving, it's not bad thing though reduce some of the difficulties while cryptocurrency is still strong despite China's influences now.

China to launch wechat is a common crpto currency. And I think it will not be so successful because it is a government coin, on which you may pay tax in future. And this wechat coin will be limited to the china country only. While bitcoin is famous in world and we have no tax to pay on it. The bitcoin is a high value in market which cannot be achieved by the china wechat coin easily.

This is unreasonable because the Chinese government has forced businesses to stop ICO activities. Also, for a project with no such potential,  investors will not turn to that project.

Launch your own coin? China is not doing so fast, and they will be careful to test for bugs, so there is no need to worry about the impact on cryptocurrency markets.