Where are the DDOSers ###?!?!?! DEFEND ### ATTACK ###
please, refrain from writing these things online This is not communist China. Go back to watch your fucking CCTV and have your Chinese wet dream |
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Where are the DDOSers ###?!?!?! DEFEND ### ATTACK ###
please, refrain from writing these things online I wasn't aware that this forum is located in China?? We have members that say all sort of things. Are you suppose to be some sort of a "chinese legal officer"?? And why is it not allowed for a member to say whatever they feel like saying here? I think it's time that Bitcoin is free of the chinese government influence. Let us see Bitcoin move on... After all, that is the whole idea of cryptocurrencies. From his posting history, he is either: 1. Making sarcasm comments 2. A brainwashed idoit 3. CCP's Internet commentators. Each post will pay them 0.5CNY so they are called "50 cent party": http://en.wikipedia.org/wiki/50_Cent_PartyI believe he's 2 |
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What happened to the order book at stamp? Only 4k btc until $400
I see ~10k |
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false positive. someone put the signature of the virus to the blockchain.
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Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment
It's not possible as no such data is released I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market. EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully. If you read the OP carefully you should find what you want |
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Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment
It's not possible as no such data is released |
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I can't find any new facts about China; only news, such as these: International Business Times, 2014-05-13: Chinese Bitcoin Exchanges Planning to go Offshore to Escape PBOC Crackdown http://www.ibtimes.co.uk/chinese-bitcoin-exchanges-planning-go-offshore-escape-pboc-crackdown-1448335"Leon Li, founder and CEO of Huobi [said:] 'We don't want to touch the customers' money in China, because maybe [regulation] is going to get worse'" Want China Times, 2014-05-10 Trading platforms struggle as more banks ban bitcoin in China http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140510000119&cid=1102&MainCatID=11"'If China maintains tough regulatory policies, the price of bitcoin will definitely keep dropping, 'said Du Jun, co-founder of Huobi. [ ... ] Li Qiyuan, CEO of BTC China, said more exchanges may close down in the future." Yet, looking at the charts, it seems that the Chinese traders are growing more confident, gradually. It is the "plane didn't crash yet, perhaps there is no ground below" syndrome? On the other hand, I understand that some customers of FXBTC are furious because the exchange shut down at 24:00 of May/09 instead of 00:00 of May/10, as they had announced: http://bitcoinnewsbrief.com/blog/2014/05/14/shutdown-of-chinas-fxbtc-exchange-leads-to-customer-outrage/  isn't 24:00 of May/09 = 00:00 of May/10? |
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你们有这个想法的还是早点离场吧 我们相信压的了一时压不了一世 相信比特币是有生命力的
有些人看得環球時報太多, 總以為什麼沒有了中國都會完蛋 |
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重大利好啊 不过也有可能上台后制定对比特币有利的政策呢。 好消息 不错啊，好消息，将比特币作为一种接收手段 你們有點國際政治常識好不好? 美國除了共和民主兩黨, 其它都只是陪跑的小丑 |
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Any update?
No action, will update later |
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Thanks. I think it might be a good idea to use a VPN, which could give me protection against whatever taxation system is applied to BTC over the coming era.
Taxman: "What happened to those coins you bought X years ago?"
Me: "Oh, I spend them/traded badly and they're mostly gone."
I'm not against paying my taxes for work and helping pay for the upkeep of the society I live in, but do have reservations towards government/financial wasters. I'd like to see cryptocurrency as an alternative to that and allow people to direct their own savings without these bullies getting involved.
You can use bitcoin over TOR |
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This is great. However, if there is a bug in the new code (or in openssl), we may have the BIP50-style fork again.
This is why the code wasn't deployed a year ago. (even though alt implementations have been rushing it out...) Just about any change to consensus code has consistency risks, due care is being taken. It's just like fixing the firmware of ISS with astronauts inside. We are already too big to fail. |
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As far as computation goes, at runtime the computation load of Bitcoin is very low already and sipa has written faster ecdsa code that can do over 40k verifies per second on a quad core 3.2GHz i7 desktop (about 6x faster than openssl). It's not needed at runtime but it will be nice for the initial sync.
This is great. However, if there is a bug in the new code (or in openssl), we may have the BIP50-style fork again. To minimize the risk, majority of miners have to validate blocks with both existing and new codes. Miners should not build on top of a block unless it passes BOTH codes. Actually I'm not sure if the 6x improvement outweighs the risk. |
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The last outcome: if exchanges all choose to go out of the country, or just do business with cash-at-door on tiny scale, or just choose to close (FxBTC), not trying P2P trading, not trying ATM or vendor machines, then PBOC will say nothing more. However this is also unlikely to happen.
P2P trading is fine, because there is no need to establish a P2P trading site in China and the operator could remain mostly anonymous. Just like the first P2P trading site in China, they intentionally refuse to register ( beian) with the government: https://bitcointalk.org/index.php?topic=589158.msg6472369#msg6472369 . |
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zhangweiwu,
Would you say that it is likely that the way this continues with the Chinese exchanges defying the PBOC is, there will be a first arrest/raid of an exchange?
the warrants are probably written, the bullets yet to be paid for i heard that in china, they make the condemned's family pay for da bullet? Yes: http://en.wikipedia.org/wiki/Lin_Zhao (not mentioned in the English wikipedia)  |
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No matter Chinese mine or not, 3600 bitcoin will be produced everyday. "Made in China" or "Made in Antarctica" is totally irrelevant.
The mining cost and the cost forming mech has no influnce on pricing because Bitcoin is limited to 3600/day? Market traders/speculators, the demand side decides the price, and producing side's cost have no influnce, you really think so, right? "Made in China" is different than "Made in Antarctica", because the cost structure is different - China externalize the mining cost to the people and government-guided over-investment in northern power facilities, that's a China specialty, while Antarctica it is heating. Follow up reasoning after every random guy's cursory conclusion is inefficient. I'll not take another bait. Traditional supply and demand theory could not apply to bitcoin mining. In the case of gold mining, if the market price of gold drops below the cost, most inefficient miner will stop production. This will decrease the amount of gold produced, so the price will increase again. If the price of gold skyrockets, miners will produce more gold, even with very inefficient way (e.g. extracting gold from sea water). The price will then decrease. In the case of bitcoin mining, if the market price of bitcoin drops below the cost of mining, most inefficient miner will also stop production. However, this WON'T decrease the amount of bitcoin produced. On the other hand, if the price of bitcoin is high enough, even GPU could be profitable again. However, this has no effect in the supply of bitcoin. So yes, the cost of bitcoin mining is (to some extent) not very important to the price of bitcoin. Also, it seems you argue that bitcoin mining in China is more efficient. If this has any effect on bitcoin's price, I'd say bullish as Chinese miners won't need to sell much bitcoins to cover the cost, and these miners are the people who won't give a shit to CCP's propaganda. |
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CRYPTO > CHINA
You may consider it irony, but chance is high that although China bitcoin exchanges and other business are going to cease, mining will remain and grow. High chance that will see lots of bitcoins "made in China" soon. So the direction is CHINA-> CRYPTO (here the greater-than symbol means produce and export, not control). No matter Chinese mine or not, 3600 bitcoin will be produced everyday. "Made in China" or "Made in Antarctica" is totally irrelevant. |
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First thank you to the OP for your insights and perspective. If Bitcoin remains small, it will be allowed to live What I see here is that this would work if Bitcoin was limited to China and "The West" has little of no say in the matter. Up to now "The West" has actually played along responding to the PBOC signals by depressing the price, so everything for the time being is harmonious. My take is that sooner or later "The West" will stop playing along and drive the BTC/USD rate and by implication the BTC/CNY and BTC/CNH rates to meteoric new highs. The question then becomes what will the master do when presented with a situation where the master and also the servant has no control? As BTC/USD increases, BTC/CNY must increase due to arbitrage, as it is technically unfeasible to completely stop bitcoin trading in China. If this happens (which I believe definitely will), they will look like the biggest dickhead of this century. They will shutdown all centralized exchanges in China. However, as they have already cut off the fiat channels for the exchanges, they will soon become zombie and irrelevant to the rest of the world They will also turn on their brainwashing propaganda machine to defame bitcoin (They are doing this NOW). However, smart Chinese people will not give a shit and will keep buying and holding. Those stupid brainwashed Chinese people have already left the game in the past few months, so they are irrelevant. If you don't believe me, look at Twitter, Facebook, and Google. They are all banned in China, while their market cap is still several magnitudes higher than bitcoin. |
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a lot chineses news outlets are reporting bitcoin bans of other countries. one title is: 'following the lead of china, the world countries queue to desert bitcoin'
They also tell you "Chinese Internet is the freest in the world", "China has the best human right record of the world", "Without China, xxx will collapse" (replace 'xxx' with anything). Smart Chinese simply won't give a shit to this kind of propaganda. For those stupid brainwashed Chinese, their involvement in bitcoin will just make it more volatile. |
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But why exactly did the Chinese exchanges pull out of the bitcoin summit, and what is the real chance they shutdown without notice in the next days?
Shutdown without notice is not that high I think, the chance of a shutdown notice being published is very likely imo. With a deadline or two, of course! The latest rumor is shutdown before 30 June |
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