Bitcoin Forum

TRON founder Justin Sun has had his personal Weibo account shut down by Chinese authorities. This comes about a month after the official TRON account was banned, as BeInCrypto has previously reported. It appears that China will continue to promote blockchain but clamp down on actual cryptocurrencies.

The news came to Twitter via Dovey Wan (@DoveyWan), who announced that the account was offline and added that she was “not surprised,” as Sun has been very vocal about his company and the recent lunch he was supposed to have with Warren Buffet, though the meeting never took place.


Click here to read the full news (https://beincrypto.com/justin-suns-weibo-account-has-officially-been-shut-down/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

Oh well, here goes another Justin Sun news!

After Weibo shuts down the official account of TRON, Justin Sun was their next victim after a month.

China has been pro on the disruptive blockchain technology, but may never be in actual cryptocurrencies like TRON. For me, I think for sure that China would be “truly left behind” in the 4th industrial revolution if they do not start adopting or embracing Bitcoin and other cryptocurrencies.

I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it.

For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market.

Just another Tron guy drama, this guys is literally living on Hype & apparently it's gonna be a hard dead end for him & his coin.
That's not 100% accurate, China is already like 70% Cashless, China isn't against the
Blockchain industry, China i simply against anything that make it it unable to trace your transactions, that's all. It's already Big Brother i watching you since decades, they won't let it go for Blockchain or anything else, it is what it is.

Is this the facebook in China? Cause I overheard that they don't have a facebook in China, it's a different social media. Anyway, I don't really know the reason why China can't accept the fact that they have a lot of business-minded people and they're dumping them. Why don't just tax them? Get some revenues out of their own businesses? In that way, their country could have spare money for governments projects.

I still not totally sold though, I mean Justin Sun has so many aces up his sleeves, after all he is what we call a Shill God, lol. Because he really knows how to put some spin and drama so that he can stay relevant and of course to pump his Tron again. So I don't know, news coming from China are not to be trusted anyways.

Yes, I agree on this. They already have alipay and wechat pay which is already being used by most in China. I even saw a story that there's a beggar that asks for money and you know what? she wants people to send money over either of the two payment method.
Weibo is like the facebook or one known website on China so that's why it's a big account loss for him. The gov't might just want to see him go quiet despite of the attention he's already getting.

He posted that DigiByte block chain is a scam and delisted them from Poloniex.  
In his last speach president of China Xi Jinping was clear that calling a blockchain a scam is against Chinese regulations and laws. Justin Sun should know better then to oppose Mr. President.
Noobs will be noobs.
Long live the President Xi!!!

China was always against actual cryptocurrencies. It is promoting Blockchain because it wants to promote its own cryptocurrency to curb negative interest rates.

China is one of the most controlled governments in the world, why will it allow actual cryptocurrencies?

 

Perhaps Justin Sun is too comfortable with China just because he is already popular and he is Chinese. He must have forgotten the kind of government he has and he is in. He cannot feel comfortable while he is inside their territory. China is not joking against cryptocurrencies and other projects. They are letting them operate but they only need one false move and they are out. They need to be reminded that there is really no freedom in its real sense in China.

It just seems that China doesn't want any competition if they really planning to release their own crypto which is just rumour as of now or just don't want any decentralized platform or currency disrupt their economy. Considering that China is really strict in this kind of thing more specifically financial and economic things they have a big chance to take this action and maybe in the future we'll see more decentralized crypto being prohibited despite people could still illegally access it.

I believe major countries will be cashless in the next few decades including China. The Chinese government wants full control over its constituents that's why they keep on rejecting decentralized cryptocurrencies and create their own brands to be utilize by their people. I guess they will not be left behind in terms of this kind of changes it just happen that their government is hands-on every innovations that they are dealing with.

It's quite unfortunate that china has chosen to clamp down on cryptocurrency with so much pressure on both the projects and her founders. I'm not certain of what they want to achieve, but I know that the Chinese government must have a reason for such move. I do hope to find out more about the issue.

I won't be much concerned about this particular incident, but I am definitely bothered by the huge losses being accumulated by various TRX investors. This was a currency which had a market capitalization of around $15 billion two years back. Now this amount have been reduced to less than $1 billion. And rather than taking up the development tasks with TRX, Justin Sun is busy wasting his money on useless things (such as the well publicized $4.6 million lunch with cryptocurrency hater Warren Buffett).

This is a bit confusing I guess China will not lose that market easily, we know that Chinese exports are very high, even rumored to beat the USA and become No. 1.
even if they don't want to adopt bitcoin and alt, they won't be immediately ignored due to many factors.
but if it is decentralized and digital currency is developing in the future, they should reconsider adopting bitcoin.

Why do you think they suffer from that? They are doing what ever they want, anything decentralized enough don't fit in Chinese totaliarism while they want total control, and that's the only reason they want the blockchain based traceable currency, It has nothing to do what people or unbanked want.

And any nation who truly understands permissionless decentralized currencies surely don't want to adopt them, as they (cryptocurrencies) are a threat to the very core of their old status quo.

Why does this come as a surprise?

The government over there has been quite consistent with their attitude towards crypto. Some mistook the message of Xi as a supportive one towards decentralization, but obviously they've got their own projects in mind from local developers or even a national crypto.

Weeding out these decentralized coins from the scene is just a part of the process. No surprises here.

I actually support these words where not only China but also other countries that do not adopt bitcoin and other cryptocurrencies, I want to see in the next few years, if they come for bitcoin and others, I'm the one who will bully them, try if of course they dare to get out of the safe zone of course they will get full support from the crypto community in the world not only coming from their country, it's great for CEO Tron to continue to focus on developing his crypto, whoever part of crypto will get full support from the community even though his Weibo account is on shut down

I think shutdown the Weibo account owned by Tron and Justin Sun is just a small thing done by the Chinese authorities. We know Justin is an influencer who is quite well known in the crypto industry, but some of his statements and actions are often controversial and many people get lost and trapped by it.

Everyone knows that China is a big country and is very advanced in any field, in the case of crypto or blockchain China must have other plans to become winners and possibly become the center of crypto, just like now that almost controls the world economy.

Is this news worth to post it?

Weibo is one of the largest social media platforms in China. Well, facebook was blocked in mainland China. And Weibo is like a twitter or facebook version from China, so yeah.

I thought China has already adopted blockchain, so does that mean thay China's goverment only support their own cryptocurrency but not cryptocurrency in general?

I guess what they want is something they could have full control over it. With the largest population in the entire world, China's eventually should embracing bitcoin and other cryptoccurency. How far will they go with this shutting-down, banning and all.

In China they have the Chinese version of everything the Westerners use as social media. Here is a useful guide:


https://www.dragonsocial.net/blog/social-media-in-china/



You can't do business freely without any intervention of the Chinese government. Most people see China/Asia as a new opportunity to make huge money and most of them leave the country right after they start working there.

Watch this:
https://www.youtube.com/watch?v=HrzJcnK_c-4

China has capital controls, so it is against anything that allows you to take money out of China without the permission of the Chinese government.

Bitcoin, Tron, ETH and others are all decentralised and can be sold for dollars outside China. So China will ban anything that you can buy with yuan in China and then sell later for dollars outside China.

surely this is what is wrong with Tron and Weibo? do they not have a reason why the CEO Tron account was deleted? when this news spread Tron prices continue to fall until now

I really do not think that it will happen around the globe, there are third world countries that are struggling and going cashless by the government does not even mean going the crypto way and it is not a big surprise that China is taking this approach and is it even a big news news as Justin Sun just likes to be in the media attention all the time and what is he doing in this market that needs to give him this much special attention  ::).

I do not think China will suffer on this action.  As of now cryptocurrency especially TRON has little to no affect on China's economy.  Can you list anything that this TRON done to help China economy boom?  I guess there is none.  Aside from that China is actually embracing blockchain technology and even plan to launch their own cryptocurency and probably that is the reason why they are actively banning any other cryptocurrency.  Though this might be a bad news for those TRON supporter but I think there is nothing to do about it.

China is too fearful that a portion of their wealth will go out from their territory. This is so Chinese an attitude. Even Chinese families do not want anybody to marry someone else not Chinese so that their wealth won't get outside their web. This is also what the government is doing.

Justin Sun may have earned the ire of some powerful people up there. This young man has been very vocal about his project and crypto. Someone is not happy about it. The Chinese government may not be happy about it.

I agree on this one, we have been seeing first-world countries adopting the use of cryptocurrency in fiat alternative like Germany, Ukraine, US, China etc. it wasn't surprising at all seeing countries like that are adopting the revolutionary currency. For third world countries, I think they are just spectating the evolution happening with the currency since first world countries can somehow afford to lose on implementing this. China has been very active on innovation, no wonder they will be going to be cashless ( 90%) eventually.

China really want to surpass bitcoin in terms of blockchain, they're creating their own blockchain and want to their people not using cryptocurrency anymore instead of using their own blockchain, eventhough their blockchain is not launched yet. But i think they cannot fully banned crypto because there are still many VPNs that they can use to access cryptocurrency markets or wallet if their country banned it.

Of course, they cannot ban people from buying and selling cryptocurrency and using it in their countries. I have seen the Chinese government's 2017 ban on cryptocurrency. There are many projects that have moved abroad, but their people still hold and trade BTC and altcoins a lot, they use many ways to bypass the ban. And so far China has backed Blockchain and cryptocurrency, which is a very smart and wise move from China. They will be at the forefront of the world if they launch their country's cryptocurrency

Sun is such a scammer, he will do/say w.e to try add value to the 20 BILLION tron he has unlocking in a few months
i think anyone can see that : /      ihope the chinese gov crushes him honestly. its dudes like him are the reason Crypto has been so slow for adoption
all they care about is piggybacking the tech to get rich :(   fuck justin sun lol

It looks like only Justin Sun's account was shutdown. It will interest you to know that Binance and Changpeng Zhao (also known as CZ) accounts are still active. Justin Sun tweeted (https://twitter.com/justinsuntron/status/1205139430110973953?s=19) that everything is SAFU though. China is all out for Bitcoin and other Cryptocurrencies except for their own country-centric cryptocurrency.

you were never tired featuring this justin. made me think people are really interested to think TRON that they want to buy billions with $500. is he selling TRX with this weibo account?

china were doing cashless transaction for years already and with blockchain and the digital currency they are developing, they may completely be the first to be doing it. they however keep isolating their economy from the outside so they will simply create another market which is why they do have their own ranking.

ICO is banned in China, and Justin did it with his "questionable" TRON project. If the big fat authoritarian government said that he could not do an ICO, then he should not do it.
He has been warned, he understand the risks, and now come the judgment day. Get your popcorn guys!

I think they want a substantial control over it if we judge by their demeanor. They have tried doing it from outside but they Couldn't. Now they are in the system, I feel they will have a more informed outlook and a better authority over it. Expect more regulations from China

Yes I remember the rumor making rounds last few months that Justin is under a man and close surveillance and he can't leave China. Which made him to miss the proposed Warren Buffet dinner which he paid so much to arrange. 2020 will be an interesting year filled with drama and positive strides in crypto as well

You are probably right about that, with all the news about gov'ts limiting the amount of cash people can hold or spend.  I don't like it, but that's how the future is headed and I'm sure there won't be much resistance since most people don't spend a lot of cash anyway.

What's Weibo?  Is that like china's centralized, gov't controlled facebook or whatever? 

Let china lead the way in destroying their citizens' rights and freedom.  They've always done a good job of that and they shouldn't stop now.  If only the chinese would rise up and fight for their rights, they wouldn't be such a communist superpower and they could get out from under the chinese govt's thumb.