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layoutph
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January 14, 2017, 11:29:04 AM |
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May i know whats wrong if majority of bitcoin owners are Chinese? And what makes China the largest bitcoin owners?
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grandy
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January 14, 2017, 04:08:07 PM |
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May i know whats wrong if majority of bitcoin owners are Chinese? And what makes China the largest bitcoin owners?
there is nothing wrong to it and i think they have really give support to bitcoin in start when other people even ignore it and do not vig any preference to it. ans now if their number if more that any other country so it is due to their hard work and i think we should also try to increase the number of bitcoin users in our country . |
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classicsucks
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January 19, 2017, 08:34:42 AM |
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Looks like a massive troll thread got revived... I'll take the bait.
Let's remember that the USA and China are in a massive economic war - the Chinese sell the USA cheap goods in exchange for almost worthless US Treasury debt. It's a trade deficit situation that generally makes China stronger and the USA weaker. The Chinese own billions of dollars worth of land, houses, corporations, and debt in the USA, because they don't want to exchange their USD profits for Yuan - the PBOC controls that exchange rate, and it's unfavorable to a USD holder. USA will be screwing the Chinese as much as they can for the near future (they may start a war with China to profit further). I suppose it's logical that the Chinese are screwing the USA economically any way they can.
Which brings us to Bitcoin. I believe that Chinese investment in Bitcoin could well be state-sponsored - it clearly undermines the USD and therefore aligns with Chinese government interests. Bitcoin could even compete with Forex markets in ten years, were it to get big enough...
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Velkro
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January 19, 2017, 06:17:16 PM |
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Clearly failed economics classes. How'd you do in your music lessons? I'll bet you play a lovely piano.
Yep, and im really far away from blaming one nation for price movement. Bitcoin is global, thats why its resistant to this kind of drama/movements in only one country. |
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alyssa85
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January 19, 2017, 07:29:39 PM |
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So the lesson should be that sitting on your ass while others do something will leave you with less economic power. That is why China is the center of gravity in bitcoin. Not because they did something to you, but because they did something. Something you could have done but didn't.
The Chinese miners only dominate because they get free electricity through deals with their govt. That isn't about the west "sitting on their ass", but about an uneven playing field due to hidden subsidies. |
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RawDog (OP)
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January 19, 2017, 07:36:01 PM |
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So the lesson should be that sitting on your ass while others do something will leave you with less economic power. That is why China is the center of gravity in bitcoin. Not because they did something to you, but because they did something. Something you could have done but didn't.
The Chinese miners only dominate because they get free electricity through deals with their govt. That isn't about the west "sitting on their ass", but about an uneven playing field due to hidden subsidies. Nope. The Chinese government isn't helping miners with 'hidden subsidies', the government doesn't actually like bitcoin or miners. However, it is easy to steal electricity in China and Chinese people have no morals at all. So, burning up tons of coal and killing the little pink lungs of your neighbor's children to make a few trinkets in magic internet money doesn't really bother them. It's a dog-eat-dog world, and let me tell you they do. They even eat Raw Dog. The fuckers are disgusting. |
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LeGaulois
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January 19, 2017, 09:20:47 PM |
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Decentralized Exchange and bye bye the control of the Chinese Government. A bityuan will be nothing more than a payment by credit card. They can block what they want, as they want to, go to use on the user accounts. Just as create as many bityuan they want.
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socks435
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January 19, 2017, 10:34:08 PM |
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Guys what do you think are the chances that China completely outlaws Bitcoin?
That would make bitcoin worth where it started at a few cents per coin. Then we will need to wait who takes the reigns to build it up from scratch. This is what Im afraid of. But I'd like to know what are the odds of that to happen. Unfortunately one can only guess. Why outlaw it when you can control it?
You mean they can start taxing it or something? Sure, what reason would the state have not to do this? I think that what is happening in China is instead very serious for the future of the bitcoin. It is not simple manipulation, but right to exist... There you do not want so, unfortunately we saw in 2013 and this can give ideas a d other Governments. They can't kill the bitcoin but they can slow it down and or severely depress the course While waiting they still find something They are holding large number of bitcoin because they have largest mining far.. the news before we heard i think it is just fake or false news.. that they are just selling their bitcoin and try to control the value. i just heard that they are control the price value.. Bitcoin will never die since many people are still holding bitcoin even they are dump almost all of their bitcoin i think there are more people will willing to invest in bitcoin and hold more bitcoin instead of pushing down the price.. |
Solving blocks can't be solved without my rigs.
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wiked1
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January 19, 2017, 10:46:40 PM |
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So the lesson should be that sitting on your ass while others do something will leave you with less economic power. That is why China is the center of gravity in bitcoin. Not because they did something to you, but because they did something. Something you could have done but didn't.
The Chinese miners only dominate because they get free electricity through deals with their govt. That isn't about the west "sitting on their ass", but about an uneven playing field due to hidden subsidies. They even eat Raw Dog. The fuckers are disgusting. In fairness they usually boil it alive before eating it.Most of them are dirty filthy commies though. |
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Chew Kok
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January 19, 2017, 10:49:21 PM |
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So the lesson should be that sitting on your ass while others do something will leave you with less economic power. That is why China is the center of gravity in bitcoin. Not because they did something to you, but because they did something. Something you could have done but didn't.
The Chinese miners only dominate because they get free electricity through deals with their govt. That isn't about the west "sitting on their ass", but about an uneven playing field due to hidden subsidies. Nope. The Chinese government isn't helping miners with 'hidden subsidies', the government doesn't actually like bitcoin or miners. However, it is easy to steal electricity in China and Chinese people have no morals at all. So, burning up tons of coal and killing the little pink lungs of your neighbor's children to make a few trinkets in magic internet money doesn't really bother them. It's a dog-eat-dog world, and let me tell you they do. They even eat Raw Dog. The fuckers are disgusting. Everytime I hear eat, and dog in the same sentence, I get a txt mssg. RawDog... why you tease me? |
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franky1
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January 19, 2017, 11:18:14 PM |
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The Chinese miners only dominate because they get free electricity through deals with their govt. That isn't about the west "sitting on their ass", but about an uneven playing field due to hidden subsidies.
the chinese actually pay for electric. what the chinese get is free ASICS. for $2100 they get from retail customers, asic manufacturers can make upto 5 ASICS.. thus give 1 asic to a poor schuck that pays the retail $2100 for one rig. keep 4 for themselves.. well the smart option they choose for $2100 they make 3 rigs .. give one to the retail customer that handed them $2100,, keep $840.. and run the 2 spare rigs themselves and spend the $840 on electric and wages. that $840 works out as electric for the 2 rigs for 11 months netting them a further 3btc in pure profit for running the 2 miners for those 11 months
as for the powerplants electric. the world is trying to develop area's like mongolia. so they set up a power plant. ready to cope with future housing, retail and industry.. but while there are no houses, shops and industry. the electric that leaves the power plant is not being used (pure waste) but the power plant is still producing a minimum electric output as thats just how plants work. so while the power plant is producing and wasting XXXmegawats. and the energy is wasted going down cables that dont plug into anything.. they might aswell let anyone that wants to use it, use it. the power plant atleast gets paid for it then and its not a complete waste while they develop new towns and cities |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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kidoseagle0312
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January 20, 2017, 03:05:13 AM |
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China will take over the world and there is nothing you can do about that. Even if USA nukes them like they did it to Japan, that won't change anything. They have nearly 1/7 population of the world and they manufacture almost everything we use daily.
If you try to compete them like "who will manufacture the cheaper stuff?", you will LOSE. As long as they know the know-how, they can drive anyone out of business.
I don't believe that China will take over the world. Though, I can't deny that China is the only country became open in the scheme of bitcoin compare the rest of the countries in the entire world. That's why they have a big percentage of patronizing bitcoin. |
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ged00u
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January 20, 2017, 03:11:54 AM |
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China will take over the world and there is nothing you can do about that. Even if USA nukes them like they did it to Japan, that won't change anything. They have nearly 1/7 population of the world and they manufacture almost everything we use daily.
If you try to compete them like "who will manufacture the cheaper stuff?", you will LOSE. As long as they know the know-how, they can drive anyone out of business.
I don't believe that China will take over the world. Though, I can't deny that China is the only country became open in the scheme of bitcoin compare the rest of the countries in the entire world. That's why they have a big percentage of patronizing bitcoin. Remember how the USA and the Soviet Union control the world during the 1950s to the 1970s. If the China is strong enough, I believe they do have the power to control the world economy. As you can see, they have been involved in the Bitcoin world for many years and now they have the biggest mining pool |
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RodeoX
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January 20, 2017, 02:46:51 PM |
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Look at the tags on your clothing right now. Where were they made? Yeah, You are the reason the Chinese will dominate the next century. Not "them", you.
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classicsucks
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January 26, 2017, 08:53:47 PM |
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I believe that Chinese investment in Bitcoin could well be state-sponsored - it clearly undermines the USD and therefore aligns with Chinese government interests. Bitcoin could even compete with Forex markets in ten years, were it to get big enough...
Clearly failed economics classes. How'd you do in your music lessons? I'll bet you play a lovely piano. I'll just leave this here *cough* you dickhead *cough* http://bitcoinist.com/china-trials-bitcoin-suck/ |
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pinkpanther03
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January 27, 2017, 04:27:30 AM |
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The way I read the different comments of the other member's here its really funny,.. most of them they gave opinion with frightening other readers. Which is very unfortunate actually. In fact, there's no need to scare of about in China, there just owned the biggest percentage of bitcoin, but still the community is the one who control bitcoins.
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kiklo
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January 27, 2017, 04:34:18 AM |
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Look at the tags on your clothing right now. Where were they made? Yeah, You are the reason the Chinese will dominate the next century. Not "them", you.
Hmm, Mine say made in Indonesia & Vietnam , you must be buying the cheap stuff, if yours says China.   |
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philipma1957
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'The right to privacy matters'
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January 27, 2017, 04:39:37 AM |
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Look at the tags on your clothing right now. Where were they made? Yeah, You are the reason the Chinese will dominate the next century. Not "them", you.
Hmm, Mine say made in Indonesia & Vietnam , you must be buying the cheap stuff, if yours says China. Solid comeback two points for bro. |
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kiklo
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January 27, 2017, 04:40:24 AM |
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The way I read the different comments of the other member's here its really funny,.. most of them they gave opinion with frightening other readers. Which is very unfortunate actually. In fact, there's no need to scare of about in China, there just owned the biggest percentage of bitcoin, but still the community is the one who control bitcoins.
Really , the community that has been unable to get segwit added, Only the Chinese Mining Pools are Blocking Segwit, The fact segwit can't break 30% , should tell you the Chinese are in Charge of BTC , no one else. |
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philipma1957
Legendary
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'The right to privacy matters'
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January 27, 2017, 04:44:42 AM |
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The way I read the different comments of the other member's here its really funny,.. most of them they gave opinion with frightening other readers. Which is very unfortunate actually. In fact, there's no need to scare of about in China, there just owned the biggest percentage of bitcoin, but still the community is the one who control bitcoins.
Really , the community that has been unable to get segwit added, Only the Chinese Mining Pools are Blocking Segwit, The fact segwit can't break 30% , should tell you the Chinese are in Charge of BTC , no one else. Segwit would kill btc in under 5 years. That's why I love the Chinese since they block it. |
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