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Author Topic: Eliminating China  (Read 614 times)
usman.temuri
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September 21, 2017, 08:01:42 AM
 #21

China can't control Bitcoins.We can still survive without Chinese. It should unblocked in china  because Chinese peoples still buying and selling
btc. Hope Chinese government realize its mistake and lift the ban 
n4poleon
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September 21, 2017, 08:06:59 AM
 #22

To be honest Bitcoin doesn't care. With or without China bitcoin will continue. China may have been a significant part of bitcoin, but people seems to forget that bitcoin is totally voluntary as people (miners, devs, nodes) may leave at will and come back as they wish and as bitcoin business experiencing uncertainties with their operation. Other people can always replace their role and economics dictates that as well. Well see in a few weeks how much influence Chinese bitcoiners has to their government.
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September 21, 2017, 08:11:10 AM
 #23

All the drama around the activation of Segregated Witness and Chinese miners trying to take control over the network and then they forked bitcoin so they can have their "Satoshi vision" bitcoin and now they may be out of business.

Never a dull day in bitcoinland.

yojodojo21
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September 21, 2017, 08:12:13 AM
 #24

China is not really a great deal.
It might be good if bitcoin  is taken out to their country.
So far, we all know that because of china bitcoin price,
Goes up and down in just a day and a minute.

But in some other point, meeting is the best solution to this.
We just have to talk about what would be the good for all
Bitcoin users.
fanbeila
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September 21, 2017, 08:18:21 AM
 #25

China has brought nothing but problems and great shame to Bitcoin.  What more can we do to protect Bitcoin further from the ills of China and their bad behaviors?  It is good that their exchanges are all now going to be shut completely.  It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi.  But are are the further steps we can take to get rid of Chinese completely?
Chinese have never been loyal to bitcoin.We could not forget the obstacles created by them in activating segwit.They have manipulated bitcoin price by dumping and exchanges by creating fake trade volumes.It would be a very big relief for bitcoin itself if it gets completely out of the hands of china.Thanks to chinese government for taking such a step against bitcoin and paving the way for progress of bitcoin.

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September 21, 2017, 08:21:46 AM
 #26

China has an economy that can blossom anytime

Chinese economy only works because of currency devaluation.  It makes their products very cheap everywhere.  Bitcoin prevents the Chinese government from continuing this currency manipulation scam.  So, the government has to get rid of Bitcoin.  And they did.  Bye bye! China!

They have manipulated bitcoin price by dumping
That's how they took over the steel industry!

by creating fake trade volumes.
They fucking cheat at everything.  Cheating is in their blood.

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lucifochrome
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September 21, 2017, 08:31:56 AM
 #27

China has brought nothing but problems and great shame to Bitcoin.  What more can we do to protect Bitcoin further from the ills of China and their bad behaviors?  It is good that their exchanges are all now going to be shut completely.  It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi.  But are are the further steps we can take to get rid of Chinese completely?

China may have brought shame to bitcoin time and time again but china also played a huge part why bitcoin is at its price today. From the chinese miners to the traders they all played a huge part in bitcoin. We cannot shut them down completely, its their government who can but some of these chinese investors dont want to let go of their bitcoin completely so when the time comes that the whole crypto currency gets banned in china most of these investor will just transfer to another market such as japan.
It is easier than selling all their bitcoins, with the price of bitcoin today you can simply buy a ticket to a different country trade there and withdraw the money converting it to the traditional currency or do bank transfer, then go back to china.
The government of china is so greedy that this may have caused the dips, it is their attempt to control bitcoin manilulating it in every way possible but bitcoin is resilient and bounced back just right after their plot. Now, it may have shamed them and these people by now realized that there is no way for them to control bitcoin, so they are now plotting to have it completely shut, then again this could just be a move of china just to destabilize the global market.
Bitcoin will do good even if without china, as bitcoin is gaining popularity worldwide more and more countries will acknowledged bitcoin and more people will start trading.
It is also a good idea to get GPU or CPU mining back to the average people, but that may slow the process down and it may affect the prices, might go down to 1k USD or less, that we dont know, only time can tell.
zarados
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September 21, 2017, 08:45:50 AM
 #28

China has brought nothing but problems and great shame to Bitcoin.  What more can we do to protect Bitcoin further from the ills of China and their bad behaviors?  It is good that their exchanges are all now going to be shut completely.  It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi.  But are are the further steps we can take to get rid of Chinese completely?

I thin kthis month china become a trending topic on this forum. You should be happy, because you dont need any further steps to get rid of china, they  have removed themselves from this bussines. But for the impact for this, you'll not seeing a $5k in near month, because chinese are doing a massive sell with their crypto.
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September 21, 2017, 08:50:43 AM
 #29

I thin kthis month china become a trending topic on this forum. You should be happy, because you dont need any further steps to get rid of china, they  have removed themselves from this bussines. But for the impact for this, you'll not seeing a $5k in near month, because chinese are doing a massive sell with their crypto.

We don't want to see $5k if it merely an inflated bullshit that also comes with -$1k in a day.  This is the 'Chinese $5k'.  We don't need that kind of $5k.  We need a good honest solid $5k - that won't disappear into the wind whenever Xi Jinping farts.  If it doesn't come next week, I'll be fine with that.  I'd rather wait for the real $5k to come a little later than take the early $5K with all the damn Chinese FUD and instability.

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talkbitcoin
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September 21, 2017, 08:56:59 AM
 #30

you can not eliminate anyone, no more than the Chinese government can truly ban bitcoin nor will they.

bitcoin is decentralized and everyone is free to use it without restrictions. all the drama and regulations and the rules and the restrictions will always be on "buying and selling" bitcoin because fiat will be involved in that and with fiat comes all the issues.

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TravelMug
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September 21, 2017, 08:59:30 AM
 #31

I thin kthis month china become a trending topic on this forum. You should be happy, because you dont need any further steps to get rid of china, they  have removed themselves from this bussines. But for the impact for this, you'll not seeing a $5k in near month, because chinese are doing a massive sell with their crypto.

We don't want to see $5k if it merely an inflated bullshit that also comes with -$1k in a day.  This is the 'Chinese $5k'.  We don't need that kind of $5k.  We need a good honest solid $5k - that won't disappear into the wind whenever Xi Jinping farts.  If it doesn't come next week, I'll be fine with that.  I'd rather wait for the real $5k to come a little later than take the early $5K with all the damn Chinese FUD and instability.

I have to agree with you that we want to see the real price of bitcoin at $5000. And to think after all been said and done, bitcoin remains at steady $3800-$4000 depending on the price fluctuations. I consider this the 'real' price without the China influence now. They are really afraid of bitcoin to take control of their economy, and they want to see everything going in and out of their country as well. If they are out, Japan will take over together with South Korea to lead the Asia Market and push the price to $5000, not inflated.

R


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Falgorn
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September 24, 2017, 01:32:54 AM
 #32

I believe that there is nothing to be done about China. This country is trying to protect its economic interests. Sooner or later, this should happen, if not in China, so in another country. When the rate of the crypto currency was small, this was not paid attention. Now, when the price of bitcoin jumped to $ 5,000 and was going to continue to go up, the government of some countries, like China, panicked. Since the crypto currency is rather difficult to control by the state, the solution of this urgent problem and the conflict with the state interests initially programmed initially to create it, it was absolutely necessary to solve it. Now the crypto currency is going through a difficult moment and an examination of its vitality. We hope that the state will not be able to harm the crypto currency by its prohibitions.
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September 24, 2017, 01:44:41 AM
 #33

it seems like there is no other way than we can prove that bitcoin will succeed and make the Chinese country embarrassed by the problems they make.
I do not really care about issues in china, bitcoin can still be successful without any support from them.
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September 24, 2017, 05:56:56 AM
 #34

I think that is impossible
China has a lot of insiders in the crytocurrency world
They manipulate and make market prices
Their information, their adjustment, has an impact on our crytocurrency community
Eliminating China is impossible
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