Bitcoin Forum

it's all because General Tso's chicken.

get it?

 ;D

I have better answer:

Q:why China doesn't like Bitcoin?
A:Because they love Bitcoin! :)

The chinese love Bitcoin!

Bitcoin has no RED, China loves the colour RED, & Happy Lucky Magic Money

Well I must agree with this RED color but you talk more likely about their Gover.
I think thousand of Chinese people whould change this RED color to something more ... optimistic than communism.

This is the reason why I think they love BTC :) just think how many Chinese traders are/were around :)

I agree with it.

Because yuan can flow out this way

Chinese people love bitcoin, but the government want to control capital outflow :)

They just like messing around with us.
Deep down, they're just a bunch of jokesters.

I actually dont get it... ???

One reason could be because they don't like anything that gives their people more freedom.  Bitcoin could lead to bigger and different thoughts, China hates to lose control over its people.

Its all about the control over everything in China and Bitcoin is opposite to it .

Me neither. Maybe because my first language is not English?

if you're chicken , it means you're scared (american slang).

Also, "General Tso's chicken" is one of the most popular
Chinese-American dishes.

I see. I know both things, but I don't get it at first. :D

Off-topic, I know the first thing, because I have read "Don't chicken out" long long time ago in KFC (yup, KFC is everywhere around the globe lol).

As others have stated already,  the most logical reason is wanted control and fear of Chinese citizens getting too much control or knowledge.

Look at all the other things China does.  Blocks facebook then allows their own Chinese version (which is heavily censored and monitored).  Blocks twitter then allows their own Chinese version (which is heavily censored and monitored).  Blocks various foreign TV shows  (then allows an edited version to air).  Limits the amount of foreign movies and blocks foreign movies that can be played in Movie Theaters (and allows an edited version to show instead).  The list goes on and on.  I'm not all that shocked that the people in power (government) would be nervous of a new form of currency that gives more control and freedom back into the heads of the average person and away from the tightly controlled government owned central banking system.

Its all to do with bank power and being a communist state its very tight on regulations

who is playing?   yuan vs. yuan

what's the score?  yuan to yuan

who won?  no yuan   ;D

China has a somewhat bizarre financial system.  Remember that China is officially a communist country, but they are also an 'capitalism powerhouse'.  It doesn't make much sense and neither does their dual-currency financial system.  There has been a long history of strange monetary controls in China, for instance there are limits to how much Renminbi you can take out of the country.  It's somewhat safe to say they don't want individuals benefiting from capitalism, only officially state sponsored entities.  China was one of the first countries to use extra-national digital currencies in any significant way(a kind of transferable cell phone credit was used as cash tender at one point before the govt cracked down on it).

Hope this answers your question.

The color red in chinese culture is not dominated by "government communism" but rather the age old significance of red in their culture & beliefs. Here's an explanation
http://heryyansen.hubpages.com/hub/The-significance-of-the-colors-red--gold-in-Chinese-culture

does amybody really care about China?

The government want to control capital outflow. that's why they hate bitcoin, which prevent them from doing it

Because anything they can't regulate, censor, or control beyond it's borders is bad for their government's way of life.

Fuck you China(govt)!   >:(