Bitcoin Forum

OKCoin CTO Bails Out, Bitcoin’s Future In China Uncertain
http://bitforum.info/t/okcoin-cto-bails-out-bitcoins-future-in-china-uncertain/296

Do you think? Bitcoin will make its way up after the a series of incident involving Bitcoin?

Ban or what?

Where does the link imply trouble for China? It notes that China dominates with 67% trading volume, saying that OTHER markets were facing regulatory hurdles and so forth.

and it won't stop with the amount of farms china has.

Will posters stop linking to that shitbed Bitforum.info?  It's worst than Reddit R/Bitcoin and that's saying alot.   :P

At least post from Coindesk, CryptocurrencyNews, Cointelegraph or NewsBTC then that shithole site.

In the whole article, I could not find a single mention of OKCoin !!!

There is no future for bitcoin in China.

OKCoin might not be ok after all.

China is very different from rest of the world.
They have democracy in economy but dictatorship in politics.
So, if bitcoin will not be political issue for Chinese government, I don't see why there is no future for bitcoin in China.

There is! At least as long as the yuan isn't fully convertible. You've got to show your passport to exchange any foreign currency in China, and when you leave, the amount of yuans you're taking out it limited. BTC means freedom to Chinese people.

China will loosen it reins on btc once they notice a financial disadvantage from international acceptance.

While you say that you must know that Chinese investors are investing in buying hardware and setting up pools, etc.

Their share of the total Bitcoin network is only increasing. They don't do that without a good reason  ;)

Why not add KipCoin to the pile of the bitcoin attacks in asia.

They already have too many dollars.
It would be good if they decided to diversify into bitcoins.

no one said that the CEO leaving event has something to do with security things, or that OKcoin is going to close.

And are you sure the article is about okcoin ???

Just because a CTO resigns and another exchanger got hacked it doesn't mean that the whole bitcoin community is going to be dead

the future of btc might even be in china. with the amount of trades happening there also the number of farms in china, the future is bright for them my friend

Banning might be a little bit harsh. Regulation will do.

I don't think it will make it up at all . What I think it's gonna happen is that all the exchangers will gets hacked before th end of the year and China will finally decide to ban Bitcoin forever . Still I don't see what the hacker would earn (if he is chinese) if china bans the Digital currency .

~ Madness

China wont ban bitcoin, im pretty certain, since theres many profits yet to be made from it, but im guessing some strict regulations will come soon enough.
And with all right, because this hacking of exchanges every month or so is getting kind of stupid. This is not getting clients happy and secure.
The soone the better, then we can move forward

cheers

Either it gets ban , either no one in China will use Bitcoin anymore (by choice of course) .
I don't think Clients will be sitting and laugh while they are losing shitload of money . So new people (who are willing to join btc) will simply don't even think about joining Bitcoin community anymore and for the new & old adopters they will simply stop using those exchangers .

~ Madness

Nope! just because there is a scam , doesn't mean , it will be banned
And just why ?
there have been scams with fiat always , they don't ban it

Oh good, another "china ban bitcoin!?!" thread. How original.

They may end up banning it if the exchange disasters keep hatting it. In China BTC is already "regulated".

well thats not true i dont agree there is even more future in china then india, pakistan or other parts of the asia and reading that article did not give me this thought

FTFY, bitcoin will be much, much bigger than China. If they choose to be left out, it will be their problem.

Regulation I think.. B

Banning might be too harsh. I can see regulation within 3 years.

That is so bad , they shall rather give guidelines to exchange's to keep them safe

Hmmm it sure doesn't look banned from this recent forum thread:

https://bitcointalk.org/index.php?topic=969823.0

Guess it isn't banned in China.  Moving on...

OP, I thought China was going to ban Bitcoin?!!  I thought you said OKCoin is closing shop?   ??? ??? ???

http://www.coindesk.com/okcoin-gives-away-1-6-million-in-bitcoin-for-chinese-new-year/

Welp, I guess we can just squelch that rumor for the zillionth time.

And please stop linking to Bitforum.info.  Pure bullshit on that site.