China central bank to release digital currency prototype in 2017

[Xester]

well it won't affect crypto currency too much, it is just a fiat that being change into digital currency, and the coin is not going to anonymous and it will be centralized, so there is no different with fiat, I don't think it will be successful, the government won't succeed to rule bitcoin down, the user used bitcoin because the user want a currency that free from control

You are right in saying that launching a fiat currency will not affect bitcoin too much. That would be a fact if the country involved is not China. China is one of the country that has biggest hold of bitcoins volume in the world. Aside from having a large number of bitcoin users in the populace and big companies that are in the rich list of bitcoin industry they also have the biggest bitcoin mining farm in the world. It is not yet 100% but there is a possibility that during the launch a big dump on bitcoin will occur and a price meltdown will placed upon bitcoin.

This is not something not to be looked upon to, if only it isnt China but it is. And so a panic and a regulation in China will bring about tremendous and huge effect on bitcoin industry.

[stomachgrowls]

well it won't affect crypto currency too much, it is just a fiat that being change into digital currency, and the coin is not going to anonymous and it will be centralized, so there is no different with fiat, I don't think it will be successful, the government won't succeed to rule bitcoin down, the user used bitcoin because the user want a currency that free from control

You are right in saying that launching a fiat currency will not affect bitcoin too much. That would be a fact if the country involved is not China. China is one of the country that has biggest hold of bitcoins volume in the world. Aside from having a large number of bitcoin users in the populace and big companies that are in the rich list of bitcoin industry they also have the biggest bitcoin mining farm in the world. It is not yet 100% but there is a possibility that during the launch a big dump on bitcoin will occur and a price meltdown will placed upon bitcoin.

This is not something not to be looked upon to, if only it isnt China but it is. And so a panic and a regulation in China will bring about tremendous and huge effect on bitcoin industry.

Price would eventually go down if China would launch its own digital currency and you are right they hold of the most huge amount of bitcoin as of now and they have the largest company of bitcoin miners and if they tend to jump to their own currency then expect that bitcoins price would largely affected.

[Velkro]

China central bank to release digital currency prototype in 2017
http://news.8btc.com/china-central-bank-to-release-digital-currency-prototype-in-2017

That has nothing to do with bitcoin. Goverment coin is like any sh&&coin out there.
Bitcoin is global and has strongest super computer in the world backing it up.
They can't beat this

[slapper]

hell no. It will absolutely affect Bitcoin a lot. I believe Bitcoin prices will drop significantly. Although that digital currency is centralized by the government, I doubt that there are still some Chinese who won't invest in this currency. The China main aim is to rule the world and their people also want China to become the strongest country on the Earth. Poor Bitcoin

[lambofan]

China central bank to release digital currency prototype in 2017
http://news.8btc.com/china-central-bank-to-release-digital-currency-prototype-in-2017

That has nothing to do with bitcoin. Goverment coin is like any sh&&coin out there.
Bitcoin is global and has strongest super computer in the world backing it up.
They can't beat this

May sound strange but Chinese controls in many ways BTC, starting with the name of its inventor.

[ebliever]

May sound strange but Chinese controls in many ways BTC, starting with the name of its inventor.

Satoshi Nakamoto is a Japanese name, not Chinese.

China has influence over bitcoin, potentially, via the possibility of regulating either mining or bitcoin exchanges. The impact of both would be limited since a strong negative action by the government in either area would lead to offshoring of either the mining or ownership of BTC. So there would be basically a one-time negative event, and then reduced exposure to Chinese influence thereafter.

So far as controlling the bitcoin protocol, I don't see any evidence that China is a significant player in that respect.