|
Title: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: ecnalubma on October 25, 2019, 02:07:22 PM Quote China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24. Blockchain adoption promotes innovation Xi stressed that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries. He told the committee: Quote “We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation.” Blockchain, not Bitcoin Xi’s push for greater blockchain adoption comes against the backdrop of China’s long-standing aversion to — and a crackdown on — cryptocurrencies. Authorities in the country first banned ICOs in 2017, quickly followed by cryptocurrency exchanges. There have even been reports that at least one government agency is considering a ban on cryptocurrency mining. Digital currency arms race Unsurprisingly, the one cryptocurrency that the Chinese government doesn’t seem to have an issue with is its proposed central bank digital currency (CBDC). Despite reports throughout the summer that the launch of this was imminent, officials from China’s Central Bank last month said that there was no timetable for the launch of the CBDC. Meanwhile, Facebook’s Mark Zuckerberg has been referencing the threat of Chinese superiority in the digital currency space in an attempt to sell U.S. lawmakers his plans for the Libra stablecoin. "China is moving quickly to launch a similar idea in the coming months. We can't sit here and assume that because America is today the leader that it will always get to be the leader if we don't innovate,” he argued in an official statement. Source (https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption) Blockchain technology is undoubtedly the real deal in some countries despite their crackdown on cryptocurrencies, They really can't deny their fascination for this kind of innovation. In your opinion do you think blockchain can transform Governments? Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: blckhawk on October 25, 2019, 02:36:42 PM Blockchain could really transform the way government officials work under the administration. Blockchain follows principles such as transparency, and security through blocks hash. However, it's seems that China is not going to tolerate decentralized system, instead they're making their own "digital currency" that would still be monitored, but at least transparent provided that the ledger is distributed and not hidden centralized. Corrupt acts would potentially lessen and therefore makes progress faster for the country.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: audaciousbeing on October 25, 2019, 02:43:46 PM That is one unique thing that I have always read about blockchain, generally speaking everyone irrespective of your believe or political system agrees that blockchain is the technology of the future. Although, the President might not know how it works because largely he might not be technology inclined but his people would have showed this to me. However, this should not be interpreted to mean as an endorsement for bitcoin and other crypto using the blockchain technology because doing that would be farther away from the truth however, there is a bonus there that in as much as there is a loud support for blockchain, there is a subtle support for bitcoin and other crypto whether they want to admit it or not.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: target on October 25, 2019, 03:26:42 PM Mark must have meant that china will soon take over being a leader once we don't innovate like the Chinese did. There has to be really something to make the adoption to be accelerated and facebook could be the right tool to spread the word for it but since the regulation has killed it already, we might just be seeing China to be the first. I have to really admire the strategy they are doing here. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: boltz on October 25, 2019, 03:34:49 PM This rush transformed the blockchain adopting tech into China vs USA as both countries are hurrying up to have the best tech and also China is building its own cryptocurrency and USA barely makes moves towards Libra to regulate it. Lets see how this adoption will go on both sides but in my opinion China has a superior advantage when it comes to Blockchain and devs around it. Also China president its pro against cryptos when Trump barely speaks about them and when he does he says things against bitcoin ....
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: lionheart78 on October 25, 2019, 04:08:03 PM China is in a hurry to kill or disable Bitcoin in its country. Chinese Pres Xi, thinks that if China create a new national currency, his citizen will probably forget about Bitcoin and patronize their own cryptocurrency. In line with that, they are also adopting the blockchain technology so that people won't be suspicious about their plan of shutting down BTC in its domain. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: rijaljun on October 25, 2019, 06:53:16 PM I was thinking this is a big turn over but basically they just want to create their own currency or something similar by adopting blockchain as soon as possible, and probably they will use the decentralized word in order to save their centralized products.
This is done of course to avoid their citizen from using Bitcoin. Could be a good news while actually a bad news for long-term. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Wexnident on October 26, 2019, 01:36:51 AM I was thinking this is a big turn over but basically they just want to create their own currency or something similar by adopting blockchain as soon as possible, and probably they will use the decentralized word in order to save their centralized products. Indeed. They hurry up and chase their benefactors tails while banning them or shunning them from their own countries. China has already started the development of its own cryptocurrency and you can already guess how it would go once it is released since China is a country that is or would be monitored by the government 24/7. Plus, with their own cryptocurrency in the country, I'd believe that the government would start a strict crackdown on BTC users, stopping its growth inside China. This is done of course to avoid their citizen from using Bitcoin. Could be a good news while actually a bad news for long-term. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: CaVO32 on October 26, 2019, 01:39:36 AM wow this thread has posts from crytotalk sig campaigners alone. been a while. missing new happenings here. :P
but this is really good news for all crypto enthusiasts, another boost to suddenly increase the bitcoin's price within 24 hours. great! Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: NathanJB on October 26, 2019, 02:05:07 AM This is not a total surprise from china since their courts were already recognizing Bitcoin as a property. But this one is very special because it is the president himself who proclaims that the blockchain technology should be utilized and with a little sense of urgency with it. This is Xi Jinping talking, the most powerful man in china. This will have a massive effect on blockchain and its use, and most likely on Bitcoin as well, the coin that comes to mind when talking of blockchain.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: hatshepsut93 on October 26, 2019, 02:29:40 AM Knowing China, they are probably excited about the "track all transactions in one place without any way to delete them" aspect of blockchain, rather than freedom and decentralization. They can even try to put their other dystopian projects like social credit score on blockchain, or try to integrate blockchain with facial recognition to have immutable history of every citizens movements. Anyway, this isn't good news for Bitcoin, and if you think otherwise, you're a newbie.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Murat on October 26, 2019, 03:35:46 AM And look the effect on the Bitcoin price within a couple of hours, It's a massive come back of Bitcoin within a night also, I think this is the right track and this speed should be kept for the rest of the months of this years, I think if this will be continued then Bitcoin price will reach at least 20k within this year, not only that but also cryptocurrency platform get a boom in the coming days but we have to look over very carefully that a group of people could take an opportunity to make money by this situation, it's really a matter of delighting that this platform has got another favorable blow which could make this platform again stronger than ever.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: SamboNZ on October 26, 2019, 04:06:37 AM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: bitzizzix on October 26, 2019, 05:02:47 AM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase. The current increase is very surprising and I heard because it was influenced by the news that Chinese president Xi Jinping asked the country to accelerate the application of blockchain technology as the core for innovation and that was very good news.but vigilance must still be anticipated because the decline could come suddenly in the near future, but that is not the desired expectation and hopefully this is a good start for Bitcoin and Altcoin to reach the highest prices. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: nasipadang on October 26, 2019, 05:30:22 AM In fact blockchain technology has long been an attraction for the government, they prefer technology rather than cryptocurrency. Cryptocurrency is now still unprofitable if adopted for the government, because they could have made their own cryptocurrency. Considering yesterday the US government emphasized regulation on Libra, now China is proposing to adopt a blockchain. Is there a world technological war here?
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Lance203sin on October 26, 2019, 06:01:43 AM Blockchain is not a crypto, so this is not gurantee anything good about bitcoin and crypto in general, guys
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Upgrade00 on October 26, 2019, 06:25:29 AM China wants to be superpowers in the cryptocurrency sphere, and are tapping into their huge market base to patronize their very own currency. But I still think they need to control Bitcoin inorder to really influence cryptocurrency.
There could be a buying war between nations for control of the limited number of bitcoins which can be made available. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: AniviaBtc on October 26, 2019, 06:26:21 AM China is quick enough when it comes to adoptation of blockchain tech into their country. They build their own cryptocurrency to promote this currency platform in their country. China will become successful when it comes to implementing this cryptocurrency. They have the advantage in blockchain technology because of their population.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: jaocoincrypto18 on October 26, 2019, 06:33:09 AM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase. The current increase is very surprising and I heard because it was influenced by the news that Chinese president Xi Jinping asked the country to accelerate the application of blockchain technology as the core for innovation and that was very good news.but vigilance must still be anticipated because the decline could come suddenly in the near future, but that is not the desired expectation and hopefully this is a good start for Bitcoin and Altcoin to reach the highest prices. Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: gentlemand on October 26, 2019, 07:10:30 AM I'll be disappointed if this is one the causes of the pump but knowing how literal and dim many are it probably is.
'blockchain' is a dream technology for authoritarians as much as it is for the diametrically opposed. And if you think a fully blockchained China is good for btc there think again. With normal banking/apps P2P stuff can probably continue to slip through the cracks. A legit government crypto ups the control and surveillance to truly gross levels. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: arwin100 on October 26, 2019, 07:20:49 AM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase. The current increase is very surprising and I heard because it was influenced by the news that Chinese president Xi Jinping asked the country to accelerate the application of blockchain technology as the core for innovation and that was very good news.but vigilance must still be anticipated because the decline could come suddenly in the near future, but that is not the desired expectation and hopefully this is a good start for Bitcoin and Altcoin to reach the highest prices. Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. I read that the only supported is the blockchain not the bitcoin but for these eventsmaybe it really bring hype since if you mean blockchain the once came to the mind of people is the bitcoins so provably many people bought when Chinese government announce this and it really bring a good impact since we see today that the market goes crazy. But let see in upcoming days if Chinese influence can sustain the current pump Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: CryptoBry on October 26, 2019, 07:23:03 AM Blockchain technology is undoubtedly the real deal in some countries despite their crackdown on cryptocurrencies, They really can't deny their fascination for this kind of innovation. In your opinion do you think blockchain can transform Governments? I am predicting that five years from now, the whole world will be looking to China as the world's capital for blockchain innovations and development. This country is already very much ahead of USA, japan, South Korea, India and Russia as far as applications of the blockchain technology is concerned. Indeed, President Xi Jinping made the right assessment that it is the blockchain technology that can be able to transform and influence many industries for good and bring them to the modern and data and info driven economy. Sadly, the USA is not a big leader on this field and seems to be complacent in using the technology for its economy. Although USA has not banned Bitcoin, it must set its eyes on the benefits that one can derive from its use and application. All other countries should follow the lead of China on this aspect, otherwise they will just be the markets of the products/services that will come out of the blockchain-based innovations. I am not a big fan of this great leader President Xi Jinping but i admire his strong and deep understanding of the blockchain and the impact that it can bring to many industries and people. As to why there are many analysts who attributed his statement on the blockchain for the recent flash rise of the price of Bitcoin, that I do not understand perfectly. Maybe Bitcoin is just looking for anything it can find on the news and this statement of China's President is the one available so there is no choice. Just my opinion, my dear. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Vishnu.Reang on October 26, 2019, 07:28:59 AM I'll be disappointed if this is one the causes of the pump but knowing how literal and dim many are it probably is. 'blockchain' is a dream technology for authoritarians as much as it is for the diametrically opposed. And if you think a fully blockchained China is good for btc there think again. With normal banking/apps P2P stuff can probably continue to slip through the cracks. A legit government crypto ups the control and surveillance to truly gross levels. As per sites such as Coindesk, this is what caused the 30% spike within 24 hours. I agree with what you said. People are forgetting the possibility of China using the Blockchain technology to bolster their own surveillance and spying mechanism. For now, everyone is overjoyed at the increase in the exchange rates, and ignoring the other factors. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: styca on October 26, 2019, 07:34:19 AM China with its very controlled economy does have advantages over Western nations in some respects. It can be decided centrally that the whole country will adopt blockchain, and this guarantees it will happen. Western countries are obviously set up differently, and there can be a lot of resistance from the established powers - banks I suppose in this instance - to anything that could threaten their hegemony. So yes, it is certainly encouraging that China is making these statements about blockchain... it should really help crypto.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: AliMan on October 26, 2019, 07:54:20 AM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase. The current increase is very surprising and I heard because it was influenced by the news that Chinese president Xi Jinping asked the country to accelerate the application of blockchain technology as the core for innovation and that was very good news.but vigilance must still be anticipated because the decline could come suddenly in the near future, but that is not the desired expectation and hopefully this is a good start for Bitcoin and Altcoin to reach the highest prices. Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. I read that the only supported is the blockchain not the bitcoin but for these eventsmaybe it really bring hype since if you mean blockchain the once came to the mind of people is the bitcoins so provably many people bought when Chinese government announce this and it really bring a good impact since we see today that the market goes crazy. But let see in upcoming days if Chinese influence can sustain the current pump That can't be foretold by now, because as sudden pumps occurred some other traders including holders grabbed the hot spikes then sold their portions. I thought it's a continuous process upon seeing price increases gradually from $8k the towards $10k all time high, then goes down at $9.7k fluctuations. If it won't sustain, most likely we'll see another price declination just like before. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: kapalmabur on October 26, 2019, 08:00:02 AM China with its very controlled economy does have advantages over Western nations in some respects. It can be decided centrally that the whole country will adopt blockchain, and this guarantees it will happen. Western countries are obviously set up differently, and there can be a lot of resistance from the established powers - banks I suppose in this instance - to anything that could threaten their hegemony. So yes, it is certainly encouraging that China is making these statements about blockchain... it should really help crypto. I am afraid if they withdraw words about that, their words are a bit ambiguous, by saying blockchain technology will be used there, doesn't that mean they will use bitcoin and other crypto currencies? if they try to pull these words out really manipulation Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: SamboNZ on October 26, 2019, 08:41:22 AM China is quick enough when it comes to adoptation of blockchain tech into their country. They build their own cryptocurrency to promote this currency platform in their country. China will become successful when it comes to implementing this cryptocurrency. They have the advantage in blockchain technology because of their population. I disagree, they were leading before but the government decided to crack it down almost restricting it. While the other countries openly welcomed the start-ups that are crypto related and now they are benefiting from it while China until now thought of the advantages.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Oasisman on October 26, 2019, 09:01:35 AM Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. Is this news really the cause of the current price surge? Or It somehow influenced how the investors think about this as an advantage to the current market condition? If I read it correctly, Chinese president is interested with the blockchain technology, and Its just the technology alone not Bitcoin or any other cryptocurrency in general. Imo, blockchain is somehow a game changer in the field of politics and governmental stuff. Mainly, because of the transparency and trust issues. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: 7788bitcoin on October 26, 2019, 09:55:48 AM With normal banking/apps P2P stuff can probably continue to slip through the cracks. It is a fact that a government controlled crypto will have the highest level of surveillance and all the transactions are monitored and with a country like China they will make use of that technology to have complete control over its citizens and the news of adoption might not be a good news for the citizens as they are already restricted to the core by these government and if they come up with blockchain based currency and force people to use them then the privacy in transaction is gone for a toss .A legit government crypto ups the control and surveillance to truly gross levels. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: NathanJB on October 26, 2019, 09:59:32 AM Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. Is this news really the cause of the current price surge? Or It somehow influenced how the investors think about this as an advantage to the current market condition? If I read it correctly, Chinese president is interested with the blockchain technology, and Its just the technology alone not Bitcoin or any other cryptocurrency in general. Imo, blockchain is somehow a game changer in the field of politics and governmental stuff. Mainly, because of the transparency and trust issues. We have to take that into consideration. This is one single news that does not even mention the word Bitcoin in it. The president is only making mention of the blockchain technology. Although I believe that the statement coming from the chinese president was an influence to the market, it is also possible that it was not the cause of the current. There was perfect timing. If we look at the past track of Bitcoin, this is not the first time that the market moved this way. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Broly46 on October 26, 2019, 10:13:33 AM I’m not sure how the president got to know the term blockchain and whether he had the fundamental idea about the tech behind it, I think we can guide him to the right direction, may be having a lunch with president. That’s ambitious.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: joinfree on October 26, 2019, 11:07:12 AM It's all a matter of time till we see different coutries all across the globe adopting the blockchain technology and possibly some existing blockchain start ups that have been developed. It's a big fact beyond doubt that this technology can serve a great purpose in our daily lives and saves us huge sums of money whiles reducing corruption too.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: coin-investor on October 26, 2019, 04:29:18 PM Mak Zuckerberg is very quick to point out what China is trying to do so he can further advance the cause of his Libra Coin, he has a point, now it becomes China against the US in blockchain development, some lawmakers will see this but they will also see the bad side of it, because it happens that Mak Zuckerberg is behind this project, so they will now weigh, between Mak Zuckerberg's plan that they can regulate or China's plan that they cannot control.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: panganib999 on October 26, 2019, 04:39:00 PM Blockchain could really transform the way government officials work under the administration. Blockchain follows principles such as transparency, and security through blocks hash. However, it's seems that China is not going to tolerate decentralized system, instead they're making their own "digital currency" that would still be monitored, but at least transparent provided that the ledger is distributed and not hidden centralized. Corrupt acts would potentially lessen and therefore makes progress faster for the country. China's economic state is by far innovative and very productive. And its very exhilarating to know that China knows the essence and how advantegous blockchain technology is. In fact, blockchain technology could really help boost up an economy from a deep recession because it could really help most especially in terms of securing and avoiding counterfeits. If blockchain could revive an economy, what more a developed and fast moving country like China? Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Leonardo7 on October 26, 2019, 05:57:05 PM I this was the single sentiment that pushed bitcoin to $9,600 from $7,500. This is a big boost for the community. The USA should be fast on blockchain and bitcoin, and we need real action too not just many talks from the government.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Oilacris on October 26, 2019, 06:35:25 PM The sudden price increase of bitcoin is affecting the altcoins, its dumping and hurting it. I hope this isnt manipulation or bitcoin stabilizes before increasing again. Idon think this is a healthy increase. The current increase is very surprising and I heard because it was influenced by the news that Chinese president Xi Jinping asked the country to accelerate the application of blockchain technology as the core for innovation and that was very good news.but vigilance must still be anticipated because the decline could come suddenly in the near future, but that is not the desired expectation and hopefully this is a good start for Bitcoin and Altcoin to reach the highest prices. Although it is good to see that the Bitcoin prise is heading fast towards the psychological $10,000 mark but this development also might prove that China can really influenced the market movement so hopefully this is not a self interest agenda by China that they are just saving the market from moving lower. I read that the only supported is the blockchain not the bitcoin but for these eventsmaybe it really bring hype since if you mean blockchain the once came to the mind of people is the bitcoins so provably many people bought when Chinese government announce this and it really bring a good impact since we see today that the market goes crazy. But let see in upcoming days if Chinese influence can sustain the current pump about adopting blockchain technology and knowing about communism it would really be hardly to believe on mainly supporting up bitcoin. For sure they would create their own using up blockchain tech and it would be a heavy centralized one but somehow its a good PR overall. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: yulchatar on October 26, 2019, 07:10:47 PM In any case, it is very good when world leaders talk about blockchain. This gives hope and definitely will give impetus to the adoption and further development of technology.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: mdgabrielzim on October 26, 2019, 10:28:18 PM I agree with you. Here in my country I always advocated the use of blockchain in government, because it would bring more clarity in public actions, something that does not exist today in Brazil (country I live).
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Kemarit on October 26, 2019, 10:34:11 PM In any case, it is very good when world leaders talk about blockchain. This gives hope and definitely will give impetus to the adoption and further development of technology. China has filed more patent that any other countries in the world as far as blockchain technology.China holds the highest number of blockchain patents (https://technode.com/2019/03/14/briefing-china-holds-the-highest-number-of-blockchain-patents/), so I don't know what's the big fuss about China's President statement that did push the price in the last 24 hours as obviously they have been the leader as far as blockchain technology. They have been experimenting with it ever since and could be probably applying it already in their sector of society. So for me there is nothing new with this kind of statement, probably crypto enthusiast treated it as like crypto adoption, but it is not. Now the price is going down to $9000-$9100 range and I wouldn't be surprised if we go back to $8000-$8500 from this latest spike. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: meliodas on October 27, 2019, 03:51:20 AM This is what we are waiting for, the big boys are now recognizing and trying to get into the blockchain technology revolution and this is a good news for the end and for the start of next year because we can expect that there will be more blockchain technology related projects that are created by the chinese government since they are now a fan of this kind of technology.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: NathanJB on October 27, 2019, 04:08:16 AM This is what we are waiting for, the big boys are now recognizing and trying to get into the blockchain technology revolution and this is a good news for the end and for the start of next year because we can expect that there will be more blockchain technology related projects that are created by the chinese government since they are now a fan of this kind of technology. But be careful because with this development it seems that the big boys are only interested about the blockchain technology and that in the process, they might simply dump at the sidewalk the existing cryptocurrencies including the top Bitcoin and Ethereum. This announcement implies that they will utilize it for many reasons and one of these reasons is of course the creation of their very own cryptocurrency or digital renminbi which is nothing but an improved version of fiat, but still fiat. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: bryant.coleman on October 27, 2019, 04:40:37 AM But be careful because with this development it seems that the big boys are only interested about the blockchain technology and that in the process, they might simply dump at the sidewalk the existing cryptocurrencies including the top Bitcoin and Ethereum. This announcement implies that they will utilize it for many reasons and one of these reasons is of course the creation of their very own cryptocurrency or digital renminbi which is nothing but an improved version of fiat, but still fiat. Xi Jinping never mentioned about Bitcoin or Ethereum (or for that matter any other cryptocurrency) during his speech. He was only concerned about Blockchain technology. My guess is that he wants to separate Blockchain from the existing cryptocurrencies and then integrate it with fiat currency. In the end we'll get something similar to Tether (USDT). The Chinese government and the central bank continues to harass the cryptocurrency users in that country. And there is no indication that their stance will change, despite the recent statement by Xi. For the Chinese government, Blockchain may become another tool in their powerful surveillance machinery. And if that happens, it will be exact opposite of what Satoshi Nakamoto wanted. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: andycarrol on October 27, 2019, 04:43:21 AM I am very happy to hear information like this because this can have a very good effect on the price of bitcoin and can trigger other cryptocurrency that has a very useful and very good platform that can be used more, meaning that demand will increase and the price will be very expensive because of the people who have high demand.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Pamadar on October 27, 2019, 05:07:29 AM But be careful because with this development it seems that the big boys are only interested about the blockchain technology and that in the process, they might simply dump at the sidewalk the existing cryptocurrencies including the top Bitcoin and Ethereum. This announcement implies that they will utilize it for many reasons and one of these reasons is of course the creation of their very own cryptocurrency or digital renminbi which is nothing but an improved version of fiat, but still fiat. Xi Jinping never mentioned about Bitcoin or Ethereum (or for that matter any other cryptocurrency) during his speech. He was only concerned about Blockchain technology. My guess is that he wants to separate Blockchain from the existing cryptocurrencies and then integrate it with fiat currency. In the end we'll get something similar to Tether (USDT). The Chinese government and the central bank continues to harass the cryptocurrency users in that country. And there is no indication that their stance will change, despite the recent statement by Xi. For the Chinese government, Blockchain may become another tool in their powerful surveillance machinery. And if that happens, it will be exact opposite of what Satoshi Nakamoto wanted. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Tylev on October 27, 2019, 07:25:12 AM In fact, these statements by the Chinese president are nothing new. The Chinese government has always massively introduced blockchain technology in all sectors of its economy and issued the largest number of patents for inventions using this technology. However, a statement at such a high level was, of course, not yet. In recent decades, China has been surprising the whole world with its achievements in the development of new technologies. Therefore, the current statement by the Chinese president is quite logical.
However, such a statement, unfortunately, has nothing to do with the adoption and use of decentralized cryptocurrency. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: gentlemand on October 27, 2019, 09:19:41 AM Sad but true.
https://i.imgur.com/1Wx3nY4.jpg It seems even the cheeky Chinese themselves have difficulty untangling the thought that 'blockchain' has little to do with Bitcoin in the minds of those up the top. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Sithara007 on October 27, 2019, 11:15:19 AM It seems even the cheeky Chinese themselves have difficulty untangling the thought that 'blockchain' has little to do with Bitcoin in the minds of those up the top. Obviously Xi Jinping is as hostile as ever to the idea of cryptocurrency. He wants to use the Blockchain technology, because it can become a very efficient weapon to track the spending habits of the Chinese citizens and it can give the power to the Chinese government machinery to keep a log of each and every activity done by these people. But it is going to be very difficult to differentiate Blockchain from Bitcoin, because both of them are part of the same innovation or idea. The inventor is the same for both. And unfortunately, the Chinese government probably want to use Blockchain technology for something diametrically opposite to what Saotshi Nakamoto thought about it. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: huu78 on October 28, 2019, 06:47:44 AM I think the blockchain is very useful for its transaction system. But the bank is still using their system by adopting a blockchain may be more transparent when the transaction occurs where the money flow is sent.
So I think yes could be blockchain can change the government if the authority of the country is legalized. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: el kaka22 on October 28, 2019, 09:44:21 AM Dude, both ban mining but then suggests their own currency, then bans ICO but then suggest blockchain technology adoption. He doesn't really know what he is doing with crypto world, first he looks like he is against it then he says something he supports it, even the Chinese don't know what they should think about the situation there. They supported to have bitcoins for example but they are banned from mining it.
How could you both be supportive of buying bitcoins and be against mining it at the same time? It makes no sense. This dude is so used to doing whatever the hell he pleases that nobody even questions him, he can do the most stupidest things ever and the Chinese are forced to like him no matter what because if they say anything against him then they will be killed, along with their families as well. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: gentlemand on October 28, 2019, 09:47:58 AM Dude, both ban mining but then suggests their own currency, then bans ICO but then suggest blockchain technology adoption. He doesn't really know what he is doing with crypto world, first he looks like he is against it then he says something he supports it, even the Chinese don't know what they should think about the situation there. They supported to have bitcoins for example but they are banned from mining it. Unless it's from someone's own mouth or hand there's no real way of knowing what their attitude is. Government everywhere is totally sprawling and may not have a clue what some department elsewhere is up to. I remember a former UK PM saying the first time they heard about a new policy was when it was launched by another office somewhere. From what's emerging it looks like they are acknowledging actual crypto a little more than I first expected. This is probably the most informative place to keep an eye on developments - https://twitter.com/DoveyWan Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: airdnasxela on October 28, 2019, 10:32:59 AM President Xi Jinping is really a pro-blockchain technology. Even me can't argue that blockchain is really a good innovation and development for a country. Blockchain is not just about cryptocurrency, there are also different fields where we can apply the said technology. It can really transform the government for good, even the development of the country. But it can also transform a government for bad if it will be use for personal benefits.
Though we still can't figure out what will happen and the plans of the president because he's not really into crypto- only blockchain. And we don't know how it'll will affect the market in the future. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: ufaiz50 on October 28, 2019, 12:14:51 PM The government is a variety of regulations in the regional order. thinking about increasingly advanced technology, it's possible the government has to keep up with the technological progress. The government will definitely adapt the conditions where the ego of one character is compared to the benefits for many people. If the government adopts the blockchain they will transform the concept in this case financial management.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: alyssa85 on October 28, 2019, 12:37:55 PM This is what we are waiting for, the big boys are now recognizing and trying to get into the blockchain technology revolution and this is a good news for the end and for the start of next year because we can expect that there will be more blockchain technology related projects that are created by the chinese government since they are now a fan of this kind of technology. But be careful because with this development it seems that the big boys are only interested about the blockchain technology and that in the process, they might simply dump at the sidewalk the existing cryptocurrencies including the top Bitcoin and Ethereum. This announcement implies that they will utilize it for many reasons and one of these reasons is of course the creation of their very own cryptocurrency or digital renminbi which is nothing but an improved version of fiat, but still fiat. This. It's all about sidelining the independent cryptocurrencies like bitcoin, ethereum etc and replacing it with something only the govt can develop and mine (and thus is controlled by the govt). Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: gentlemand on October 28, 2019, 12:42:56 PM This. It's all about sidelining the independent cryptocurrencies like bitcoin, ethereum etc and replacing it with something only the govt can develop and mine (and thus is controlled by the govt). But the harder they go at making their own crypto, the more compelling the case will be for the real ones. It's a pretty much guaranteed correlation. Current fiat currencies are an epic and unfathomable mess of ancient and modern systems rubbing up against each other. Driving people into apps like Wechat certainly helps to get past that but a proper ground up governmentcoin will massively increase their power. I guess what they're aiming for is a system so all encompassing that they can trace and penalise any P2P transaction for proper crypto. If there's no cash any more and anyone can be booted from the one and only monetary system then it just might work even then people might resort to barter or proxies. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: 1Referee on October 28, 2019, 12:57:02 PM But it is going to be very difficult to differentiate Blockchain from Bitcoin, because both of them are part of the same innovation or idea. The inventor is the same for both. Satoshi is not the inventor of blockchain. I'm not exactly sure about how long chains of blocks already exist, but they did so before the internet boom in 2000 already. What Bitcoin does is put the same principle to work in the most valuable possible way, which unfortunately, is something people completely disregard as they only focus on the crap that has been launched in the more recent years where the term blockchain is only used to gobble up investor money. In the real world, people have no clue whether they use blockchains or not, nor do they care about that, all they want is something to work and the price for that something to be low. Bitcoin has contributed to that by forcing institutions to improve services and make them cheaper to use. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: fullhdpixel on October 28, 2019, 03:16:43 PM Understanding blockchain very well, we will see that it can really transform the government, both politically, economically and structurally because these 3 are all connected, and if any of these three gets it right, then others have also gotten it right.
For china to have reconsidered their stand of blockchain technology which the news was what made the value of bitcoin to spike of recent, they must have seen the very high advantage of blockchain technology along the line, which is why I even think that they were not too quite in making that decision of banning mining of cryptocurrency, although I know that with time, when they are fully ready with their own technology, they might actually be regulating most of these external cryptocurrency activities other than their own. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Apes on October 28, 2019, 03:19:05 PM Does this issue have anything to do with trade war. It could be that China is designing a system that was originally an ordinary blockchain into cryptocurrencies blockchain. Nowadays many are trying to terminate their trading business, maybe if they use cryptocurrencies for trading, making their buyers & seller to be anonymous and tax-free. This is just my crazy idea, don't think about it.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: abhiseshakana on October 29, 2019, 03:32:58 AM Blockchain technology is undoubtedly the real deal in some countries despite their crackdown on cryptocurrencies, They really can't deny their fascination for this kind of innovation. In your opinion do you think blockchain can transform Governments? Talking about financial technology, of course, is inseparable from Jack ma, founder of Alibaba, who is also a member of the communist party. Since the beginning, Jack Ma has been anti-bitcoin and other cryptocurrencies but is very supportive and appreciative of bitcoin technology that provides security and privacy for its users. Do you think blockchain can transform governments? What is meant by transformation is a change in form, appearance or nature. Maybe the right choice of words is the transformation of government policy rather than his government. The purpose of the call for accelerating the application of blockchain technology for commercial banks in China is for the purpose of overseas Chinese interests. This is related to China's foreign policy to become a superpower and hopes to be the first leader. China is transformed from an imitation country into an innovative country, it is hoped that innovation in the blockchain will prevent American domination in this field. 2020 is a political year for the United States, they concentrate on securing American elections from foreign intervention. The Chinese president sees this as a good opportunity to steal a start so that America does not lead. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: barabarian1 on October 29, 2019, 04:39:26 AM Blockchain technology has many advantages and can be applied in all fields. and by adopting a blockchain I think a country's economy will be more advanced. because the transaction process will be safer, transparent, cheaper and can also prevent corruption. because every transaction process can be seen by all parties. and I also heard that China will make its own currency. therefore the Chinese government now gives orders to immediately adopt blockchian technology.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: justdimin on October 30, 2019, 03:25:06 PM I still don't understand how china of all places could be supportive of blockchain.
Blockchain is a technology (that we use mainly on money but could probably used for something else) that decentralized the power and considering China is a nation that is ruled by dictatorship and gangrapes prisoners and harvest their organs and burn alive the opposers of the regime and all the crazy horribly bad Hitler level and even worse stuff they do, they can't deal with blockchain. What is the purpose of giving the power back to people if you are running a fully automated human killing and dictator enriching nation? Sure, you can use it just for yourself and your part and ban it for the people who you despise (lets be honest Xİ hates Chinese, why would he act like to them if he liked them) but that doesn't seem to be the reason for it. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: cotton ball on November 01, 2019, 04:57:18 AM That is one unique thing that I have always read about blockchain, generally speaking everyone irrespective of your believe or political system agrees that blockchain is the technology of the future. Although, the President might not know how it works because largely he might not be technology inclined but his people would have showed this to me. However, this should not be interpreted to mean as an endorsement for bitcoin and other crypto using the blockchain technology because doing that would be farther away from the truth however, there is a bonus there that in as much as there is a loud support for blockchain, there is a subtle support for bitcoin and other crypto whether they want to admit it or not. I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: redsun114 on November 01, 2019, 12:17:06 PM I still don't understand how china of all places could be supportive of blockchain. If I am to reverse your statement, I would say that I see no reason why china has not even embraced the Blockchain technology long time ago knowing fully well how it will be more helpful to their population in terms of economic benefit first, and in terms of job creation. You see, one of the fear of government has been the tax before, they feel that with Blockchain technology, people will start avoiding the tax until they found a way around it which is why they are creating their own personal cryptocurrency that they can have full time control over.Blockchain is a technology (that we use mainly on money but could probably used for something else) that decentralized the power and considering China is a nation that is ruled by dictatorship and gangrapes prisoners and harvest their organs and burn alive the opposers of the regime and all the crazy horribly bad Hitler level and even worse stuff they do, they can't deal with blockchain. What is the purpose of giving the power back to people if you are running a fully automated human killing and dictator enriching nation? Sure, you can use it just for yourself and your part and ban it for the people who you despise (lets be honest Xİ hates Chinese, why would he act like to them if he liked them) but that doesn't seem to be the reason for it. Blockchain can be used in so many areas, they will use if fully to develop those areas other than the financial aspect where they would still want to have full control over, in which one of it is the crypto they are making. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: riso2015 on November 01, 2019, 12:27:40 PM I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China. What I know is that they only want to adopt Blockchain technology, not want to adopt Bitcoin, because they will most likely make their own Crypto for use in China. But if later they want to adopt Bitcoin I think it is a good step for the world of Crypto because it could be that the price of Crypto will increase.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: angrybirdy on November 01, 2019, 01:06:43 PM I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China. What I know is that they only want to adopt Blockchain technology, not want to adopt Bitcoin, because they will most likely make their own Crypto for use in China. But if later they want to adopt Bitcoin I think it is a good step for the world of Crypto because it could be that the price of Crypto will increase.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Mike Mayor on November 01, 2019, 05:57:43 PM I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China. What I know is that they only want to adopt Blockchain technology, not want to adopt Bitcoin, because they will most likely make their own Crypto for use in China. But if later they want to adopt Bitcoin I think it is a good step for the world of Crypto because it could be that the price of Crypto will increase.That's because they cannot control or profit from bitcoin. It makes sense they want their people to adopt their own crypto which is under their control. It is a bit odd though TBH since they don't like bitcoin and spoke about it like they were against it. They not against technology they against whoever controls it. Now they can mine their own currency and mind their own business and have their own blockchain separate from ours. One thing I do wonder is how much of Chinese mining hash rate will be used for its new coin? Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: adzino on November 01, 2019, 06:21:32 PM You can't "accelerate" blockchain technology by just urging people. You will need to take proper steps so that people adopts the technology. Moreover, the government is more focused on the centralized shitty state crypto currency they are trying to make. That coin won't give you any financial freedom. It is just going to make it easier for the government to track all your transaction and spy on your financial aspects anytime anywhere.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: bitzizzix on November 01, 2019, 06:23:34 PM That is one unique thing that I have always read about blockchain, generally speaking everyone irrespective of your believe or political system agrees that blockchain is the technology of the future. Although, the President might not know how it works because largely he might not be technology inclined but his people would have showed this to me. However, this should not be interpreted to mean as an endorsement for bitcoin and other crypto using the blockchain technology because doing that would be farther away from the truth however, there is a bonus there that in as much as there is a loud support for blockchain, there is a subtle support for bitcoin and other crypto whether they want to admit it or not. I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China.and the possibility of the news can only affect the increase in bitcoin or other crypto. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: alyssa85 on November 01, 2019, 08:56:48 PM I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China. Maybe the Chinese president thinks talking about blockchain makes him seem hip and happening. We saw a lot of Wall Street types talking about blockchain for that very reason! Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: White Christmas on November 02, 2019, 02:19:19 AM Blockchain could really transform the way government officials work under the administration. Blockchain follows principles such as transparency, and security through blocks hash. However, it's seems that China is not going to tolerate decentralized system, instead they're making their own "digital currency" that would still be monitored, but at least transparent provided that the ledger is distributed and not hidden centralized. Corrupt acts would potentially lessen and therefore makes progress faster for the country. There was also the sayings of the many people in which because of the announcement of President Xi to the Chinese community that they will adapt the process of blockchain technology to be able to make their own digital currency that may help them to manage and transact a good and transparent transaction to the people of cryptocurrency through the help of their new digital currency.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Obito on November 02, 2019, 07:11:45 AM They really could specially those corrupt officials who are certainly hiding behind. Blockchain is something like a system that we do not need to even trust the other participants. Everyone on the networks has a copy it is more like a transparency in each for everyone. Plus it cannot be changed. We don't even need an institutions in the middle to work with it. Which on the other hand Governments are trying to opposed because it could be a bridge for people to commit fraud, and other sorts of illegal transaction. I guess it may changed the government a bit but I don't think it will go through in full effect.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Zeke_23 on November 02, 2019, 09:26:34 AM I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China. What I know is that they only want to adopt Blockchain technology, not want to adopt Bitcoin, because they will most likely make their own Crypto for use in China. But if later they want to adopt Bitcoin I think it is a good step for the world of Crypto because it could be that the price of Crypto will increase.That's because they cannot control or profit from bitcoin. It makes sense they want their people to adopt their own crypto which is under their control. It is a bit odd though TBH since they don't like bitcoin and spoke about it like they were against it. They not against technology they against whoever controls it. Now they can mine their own currency and mind their own business and have their own blockchain separate from ours. One thing I do wonder is how much of Chinese mining hash rate will be used for its new coin? China doesn't have any other option. It is impossible to control bitcoin that's why they come up to this decision. They wanted to gain the same popularity and they have seen the possibility of using blockchain technology for future purposes. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Xxmodded on November 02, 2019, 10:07:37 AM Blockchain could really transform the way government officials work under the administration. Blockchain follows principles such as transparency, and security through blocks hash. However, it's seems that China is not going to tolerate decentralized system, instead they're making their own "digital currency" that would still be monitored, but at least transparent provided that the ledger is distributed and not hidden centralized. Corrupt acts would potentially lessen and therefore makes progress faster for the country. There was also the sayings of the many people in which because of the announcement of President Xi to the Chinese community that they will adapt the process of blockchain technology to be able to make their own digital currency that may help them to manage and transact a good and transparent transaction to the people of cryptocurrency through the help of their new digital currency.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: sana54210 on November 02, 2019, 07:33:13 PM I think you could make a centralized dictatorial blockchain as well if you want. Blockchain offers you the right to be decentralized and secure and transparent but that doesn't mean you have to use it that way. From this "urges accelerated blockchain technology adoption" I kinda understand "find me a way that is still blockchain but I can still be a dictator" if you ask me.
Like who the hell would think dude wants a decentralized system to get bigger in his nation, we all know that dude won't give up his power at all, which means he wants to take advantage of the good parts of blockchain but remove the bad parts from it (good for us, bad for him) which is the "accelerated blockchain" in his mind, he can't come up and say "lets remove decentralization out of blockchain" directly. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: alexsandria on November 03, 2019, 03:51:31 AM Blockchain already change everything. Look how they react, some of them are even engaging in a sense of they are hoping for lift up from unfortunate situation like Venezuela. Others are creating their own crypto currency it is just undoubty inevitable once you grasp the essence of blockchain and the whole crypto currency though.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: fiulpro on November 03, 2019, 01:36:35 PM My take on this :-
They want China to dominate in every sector and seeing how it's a farm for technical advancements and also the cryptocurrencies and Bitcoins are doing well in this they think it could be a major step towards that. Trust me the countries who can adopt it and can take that as a serious matter are gonna be so so much ahead of the time and China is not letting that slip from their hand. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: BigBoy89 on November 03, 2019, 01:43:09 PM Most funny stuff around the new Chinese crypto is how the Chinese government is deleting all old articles about cryptocurrency ban and how evil are cryptocurrencies :)
I'm curious to see their interpretation and implementation of blockchain... and how it will be connected to the Chinese rating system. My guess is everybody will have one and only one government wallet, connected with their rating ID. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: noninum on November 03, 2019, 04:09:19 PM Blockchain technology will have many devotees, Especially after the Chinese president issued a statement that they will adopt Blockchain technology. Of course the presidents of other countries I think will follow the steps taken by the Chinese government. If that happens then we will see a new era of the Crypto world
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: SaShiRaJaVu on November 03, 2019, 04:18:16 PM Blockchain is a technology (that we use mainly on money but could probably used for something else) that decentralized the power and considering China is a nation that is ruled by dictatorship and gangrapes prisoners and harvest their organs and burn alive the opposers of the regime and all the crazy horribly bad Hitler level and even worse stuff they do, they can't deal with blockchain. There is good and bad qualities for blockchain, the Chinese government is planning to take the blockchain aspect to implement a centralized currency so that each and every transactions made by its users can be monitored and i am sure they will have all the wallet details and you need to provide your KYC to get a wallet :D. If it is used in a decentralized set up it can be anonymous but if blockchain is used in centralized set up all the transactions can be verified and followed by the government.Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Febo on November 03, 2019, 05:37:39 PM ... China is a nation that is ruled by dictatorship and gangrapes prisoners and harvest their organs and burn alive the opposers of the regime and all the crazy horribly bad Hitler level and even worse stuff they do, ... I dont know where you learned this but is very wrong. China is peoples republic. Ruled by its citizens. It is not a dictatorship. How much capital have influence on government I have no ideas. But for sure much less then in most other countries. Blockchain and its cryptography and economics is important technology and sciences that have to be studied. Not only in China but also as we see lately in France and I am sure in other part of world. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: gentlemand on November 03, 2019, 06:37:29 PM China is peoples republic. Ruled by its citizens. It is not a dictatorship. Erm, try running for president out of the blue and see how many body parts you finish up with. Anywhere calling itself 'Peoples' or 'Democratic' is a surefire giveaway that they're anything but. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Mometaskers on November 03, 2019, 08:02:25 PM China is peoples republic. Ruled by its citizens. It is not a dictatorship. Erm, try running for president out of the blue and see how many body parts you finish up with. Anywhere calling itself 'Peoples' or 'Democratic' is a surefire giveaway that they're anything but. Democratic People's Republic of Korea. Double whammy! There is good and bad qualities for blockchain, the Chinese government is planning to take the blockchain aspect to implement a centralized currency so that each and every transactions made by its users can be monitored and i am sure they will have all the wallet details and you need to provide your KYC to get a wallet :D. If it is used in a decentralized set up it can be anonymous but if blockchain is used in centralized set up all the transactions can be verified and followed by the government. I wouldn't be surprised if one of the first uses would be for their social credit score. Making Nosedive even closer to reality. They've seen what blockchains Bitcoin can be used for so there's no doubt they are both inspired and threatened. If blockchain is the future, then better start investing research into it now. Obsolete yourself. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: hatshepsut93 on November 04, 2019, 12:23:23 AM I still don't understand how china of all places could be supportive of blockchain. Blockchain is a technology (that we use mainly on money but could probably used for something else) that decentralized the power and considering China is a nation that is ruled by dictatorship and gangrapes prisoners and harvest their organs and burn alive the opposers of the regime and all the crazy horribly bad Hitler level and even worse stuff they do, they can't deal with blockchain. What is the purpose of giving the power back to people if you are running a fully automated human killing and dictator enriching nation? Sure, you can use it just for yourself and your part and ban it for the people who you despise (lets be honest Xİ hates Chinese, why would he act like to them if he liked them) but that doesn't seem to be the reason for it. The word "blockchain" doesn't mean anything specific these days, ever since the hype started, people started attributing some magical properties to it, like saying that it's more secure, unhackable, faster and cheaper, that it's automatically decentralized and so on. It piqued interest of many centralized organizations, including governments, and now they think that since blockchain is such an awesome technology that can do anything, then it surely can make them even more powerful. So, China's blockchain will be just a database with some cryptography, that's in case it will actually go live and not be quietly abandoned if they realize that it's not working very well. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: smyslov on November 04, 2019, 12:51:10 AM China will always find a way to be on top of everything, they've mentioned that they have been looking at this technology for the past several years, quite surprising considering that they restrict Bitcoin, I guess what trigger the adoption, is Facebook's announcement of Libra coin, which will accelerated Facebook dominance in the e-commerce and they don't to be the one late in doing this.
Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: alyssa85 on November 04, 2019, 02:51:11 AM I dont know where you learned this but is very wrong. China is peoples republic. Ruled by its citizens. It is not a dictatorship. How much capital have influence on government I have no ideas. But for sure much less then in most other countries. China is not only a dictatorship, but it is going BACKWARDS. Prior to 2012, at least the President changed every ten years, as mandated by the Senior Communist Party Politburo. Now Xi Jingping is president for life and anyone who criticises him ends up in a concentration camp. The repression is having an effect on China's economy - people are too scared to take risks and don't know what will land them in trouble, so they're keeping their heads down. That's fine for surviving in a dictatorship, but not great for promoting progress and growth. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: Kambal2000 on November 04, 2019, 03:11:27 AM I dont know where you learned this but is very wrong. China is peoples republic. Ruled by its citizens. It is not a dictatorship. How much capital have influence on government I have no ideas. But for sure much less then in most other countries. China is not only a dictatorship, but it is going BACKWARDS. Prior to 2012, at least the President changed every ten years, as mandated by the Senior Communist Party Politburo. Now Xi Jingping is president for life and anyone who criticises him ends up in a concentration camp. The repression is having an effect on China's economy - people are too scared to take risks and don't know what will land them in trouble, so they're keeping their heads down. That's fine for surviving in a dictatorship, but not great for promoting progress and growth. Well, that is his way of being a leader, he maybe a dictatorship but look at the way of living in China now, look how successful they are compare to a democratic country wherein the corruption is everywhere and the government officials are the ones who are making a lot of money. For China to have their own blockchain development, it's not a surprise anymore, it is already anticipated that they are doing something different, and broader as they wanted to compete with Bitcoin someday. Title: Re: China’s President Xi Urges Accelerated Blockchain Technology Adoption Post by: reality18 on November 04, 2019, 03:56:13 AM Asia is the top leading cryptocurrency market because it has got powerful leaders with insights in the Blockchain technology and cryptocurrency. It is became more apparent when the Chinese President Xi Jinping announced his interest in the Blockchain technology and cryptocurrency. In fact, putting such words into implementation can bring BTC to its ATH high and even beyond again.
|
