The Fucking Chinese

[LeGaulois]

Such title for a topic is a little sad. There are surely in this forum people coming from China and they can feel offensed

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[pinkpanther03]

Please excuse me to the people behind these question, I don't know if you posted in the wrong thread section or what. Maybe most of the community now in bitcoin world majority of them are the haters of chinese people who build a big farm/plant in bitcoin. But for me it doesn't  mean they have a big percentage of handling bitcoin they can handle it immediately,of course that's not going to be happen because bitcoin is decentralized and it can never be change at all ever.

[jacobmayes94]

You need to watch some documentary about the living conditions and the quality of life of some of these Chinese laborers who work for some of the biggest manufacturing companies like Foxcon. They are literally enslaving their lives away for shit pay and detoriating health because they have no other choice to find a good job. I think it's the Chinese government to blame and not the normal people.

I agree, and consumers want things cheap, here, now. Instant gratification and then moan about conditions yet moan about prices of things going up... Personally i would happily go without the latest if i couldnt afford it due to workers getting paid more. I would be cautious moaning about the chinese, its cheap, fast consumers who helped perpetuate this.

Personally i see racism in this topic and i see endless negativity just because a country for once is more successful at handling something then they are... Go and build a big farm and generation plant if you want to compete. Moan about utilities, but don't protest prices. Moan about XYZ but do nothing about it. Endless moaning... moan moan moan, setting up a large farm is no mean feat and takes much work to maintain, so these large farms do have a lot of admin...

And who gives a monkeys if they are french? you must be british like myself??? I have travelled quite a bit and I have many good friends from china, nepal, etc...

[jak3]

really? I dont have any idea that they can go this far.?! Dam What will be the future overcome now, anyway leaving the past now lets see what new we can get on this fresh 2017. things are started becoming more harder than the last some years generally the difficulty is rising day by day and we arn't come up with any of the new mining technology all we have is those chinese sucking up the whole network

[Xester]

really? I dont have any idea that they can go this far.?! Dam What will be the future overcome now, anyway leaving the past now lets see what new we can get on this fresh 2017. things are started becoming more harder than the last some years generally the difficulty is rising day by day and we arn't come up with any of the new mining technology all we have is those chinese sucking up the whole network

We are not criticizing the Chinese its just that they have been on a hot spot for maneuvering the price of bitcoin just recently. China  having a huge volume of bitcoin brings big impact to bitcoin economy and they have the power at their disposal to create a price meltdown that can bring down the price to 100$ each if all of Chine dumps their bitcoin in the market And another thing is that CHina will launch their prototype fiat digital currency this September and it will bring more bitcoin dumps and a possible price drop at 500$ each.

[Hammerschmidt]

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.

First of all, it's not just manufacturing prowess that China exudes. They also devalue human worth and have the worst working conditions and the most pathetic salaries in the world. Why do you think so many Chinese workers commit suicide? Even the Apple iPhone plant made the news when the entire factory floor of workers threatened to jump off of the roof.

https://en.m.wikipedia.org/wiki/Foxconn_suicides

When everything is cheap, the abusive captains of industry will steamroller the landscape. If China had higher wages, paid days off, employee benefits, overtime, and so on, their prices would be little different than ours.

[thejaytiesto]

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.

First of all, it's not just manufacturing prowess that China exudes. They also devalue human worth and have the worst working conditions and the most pathetic salaries in the world. Why do you think so many Chinese workers commit suicide? Even the Apple iPhone plant made the news when the entire factory floor of workers threatened to jump off of the roof.

https://en.m.wikipedia.org/wiki/Foxconn_suicides

When everything is cheap, the abusive captains of industry will steamroller the landscape. If China had higher wages, paid days off, employee benefits, overtime, and so on, their prices would be little different than ours.

The only reason china is becoming the top number 1 country in the world economical growth speaking is because they don't give a flying fuck about workers, they have brainwashed everyone into becoming working drones. They are working and money addicts. This is what happens when a society forgets about everything else. You become zombie drones addicted to being "productive" (which means producing tons of cheap crap instead of high quality stuff). The system is fucked and I cannot wait for the big collapse.

[pbleak]

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?

[ErikSneijer]

Such title for a topic is a little sad. There are surely in this forum people coming from China and they can feel offensed

I agree about that but I can understand some people too, these pump and dump schemes are annoying.

[icqcointokenwallet]

they don't give a flying fuck about workers, they have brainwashed everyone into becoming working drones. They are working and money addicts.

Cant be mad at them for mining and cashing in. That's the point isnt it? It just shows, if China wanted to go full bitcoin and ditched their worthless currencies, they would have control of bitcoin market

How much fucking money did they make off that last scam?  We had a market cap swing of over $1.5Billion.  I am sure lots of that money is hot in the pockets of some heavy Chinese whales who started the crash by selling big time at $1,150!!! 

[bittrojan]

Wow!  Those damn chinamen kick serious ass. 

Those Swedish pussies at KnC miner look like silly little bitches with their garbage Neptune mining junk.  They don't understand shit about business and now they are driven away as another non-competitive clunk.

Those shrewd Jews can squeeze a penny until Lincoln screams, but Spondoolies couldn't stay competitive against the hyper efficient Chinese manufacturing.

Survival of the fittest my friend.  The Jews and Swedes are OUT OF BUSINESS because the fucking Chinese kicked their asses. 

You may want to look at some local anger management classes. Just a suggestion.

[Patrikson]

Chinese really f*cked it up because they pumped and dumped and this can be seen at the price too!!

[ICOGuru]

Chinese really f*cked it up because they pumped and dumped and this can be seen at the price too!!

Well there is nothing new, every time the price is pumping there is no credit for them. And when the price is dumping all of the blames goes to them, poor Chinese people all the greediness comes from them. But don't you just worry about it, they just did something to save themselves because their own currency is falling.

They could just hold...
Instead of moving it around like they do

[Hammerschmidt]

Chinese really f*cked it up because they pumped and dumped and this can be seen at the price too!!

Well there is nothing new, every time the price is pumping there is no credit for them. And when the price is dumping all of the blames goes to them, poor Chinese people all the greediness comes from them. But don't you just worry about it, they just did something to save themselves because their own currency is falling.

They could just hold...
Instead of moving it around like they do

You forget, all that mining hardware was paid for up front. At some point, those who finance it all want to get paid.  It's mostly a losing proposition to mine. A single computer + GPU can't mine 0.1 bitcoins in 15 years. What's the ROI timeframe going to be on that?

[Nikensen]

If china doesn't dump and bump bitcoin , how can we take a big profits from investors?
I think the price is cheap now. just collect it and hold for short time then we will have more profits again.

[Bitcoinpro]

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.

1/7 which equates to 14.2% hardly anything to be worried about really,

mining hardware is not the be all and end all either, they have a

worthless fiat currency and their favourite pass time is capital flight,

to top it off the US still dominates them militarily on its own, now

put that in an alliance and China just sits their in the corner,

[RodeoX]

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.

[bncbnc]

Chinese really f*cked it up because they pumped and dumped and this can be seen at the price too!!

Well there is nothing new, every time the price is pumping there is no credit for them. And when the price is dumping all of the blames goes to them, poor Chinese people all the greediness comes from them. But don't you just worry about it, they just did something to save themselves because their own currency is falling.

yes that is right, and everyone is here to make money, so everyone has the right to  buy bitcoins or sell it according to their own choice and there is no banned to sell or buy bitcoin in a bulk then why are we blaming then when they are selling their own bitcoin and want to secure profit or at least prevent themselves from lost.

[raven7886]

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.

Since the early days of bitcoin china has been the biggest supporter for it, while other countries ignored it and ban it china realized that bitcoin is powerful and even if you ban people will still use it so that is why she invested in it and encouraged on using it , and miners get more profit mining it because electricity is cheaper there than any other country, that is why it is popular there.

[dopecoindude]

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.

Since the early days of bitcoin china has been the biggest supporter for it, while other countries ignored it and ban it china realized that bitcoin is powerful and even if you ban people will still use it so that is why she invested in it and encouraged on using it , and miners get more profit mining it because electricity is cheaper there than any other country, that is why it is popular there.

This is so true. I think people forget how much support from China there was for Bitcoin.