hl5460 (OP)
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news.8btc.com
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February 16, 2017, 08:27:11 AM |
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PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin. It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin. http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoin |
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supergenics
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February 16, 2017, 08:32:01 AM |
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Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...
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Senor.Bla
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February 16, 2017, 08:41:36 AM |
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I agree with supergenics. People try to fit Bitcoin is terms they can deal with. I fact i think people in general will find problems. If you look hard enough you will always find some kind of X-lization, just so you can demand it sw-x-lization. Whether it is a country or a region with to much hashpower or one entity (like a mining pool) spread over the whole world with to much hashpower. Only if you are the one with the hashpower you seem to have no problem. To a certain extent these awareness is good and healthy, but do not overdue it.
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7788bitcoin
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February 16, 2017, 08:46:26 AM |
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I think it should be the other way round- PBOC is trying to get people in China to "de-Bitcoinize". It is possible but difficult due to the decentralized and P2P nature of bitcoin.
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talkbitcoin
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All I know is that I know nothing.
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February 16, 2017, 08:57:17 AM |
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there is no Chinalize to de-Chinalize unless by de-Chinalize you mean we should kill the mentality of people thinking China is controlling bitcoin. there is even multiple topics about it. and when you look deeper into the issue you see that it comes from the numerous FUD that is being spread everywhere each time China makes a move.
the mining power is getting distributed with passing of time, Georgia is now becoming big, so that reason is already dead.
the volume they were reporting is also dead since now we all know it was all fake volume anyways.
so the question is how much longer the FUDsters are going to milk the China-controls-bitcoin-cow!
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thepo1m
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February 16, 2017, 09:03:38 AM |
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Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.
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hl5460 (OP)
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Activity: 1620
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news.8btc.com
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February 16, 2017, 10:18:52 AM |
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Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.
Japanese exchanges are taking 0 fees. |
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hl5460 (OP)
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news.8btc.com
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February 16, 2017, 10:21:08 AM |
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Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...
Chinese market is shrinking, that doesn't concern you? |
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Xester
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February 16, 2017, 10:27:01 AM |
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PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin. It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin. http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoinThe main issue on China was not on getting all bitcoins out of China but the creation of fake volumes and market manipulation of Chinese exchangers. But sooner or later China will also sell their bitcoins to get profit and in time the number of volume of bitcoins in their hands will diminish and will be distributed worldwide. |
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CyberKuro
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February 16, 2017, 11:51:03 AM |
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PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin. It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin. http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoinProhibit bitcoin withdrawal? Until the regulations about exchanges be done? Or prohibit bitcoin withdrawal as fiat money (convert) ?? "war between government and Bitcoin will continue", I like this one as you have mentioned how capital against government since decades ago. Bitcoiners in China will find their ways even though gov ban bitcoin. |
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franky1
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Activity: 4214
Merit: 4475
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February 16, 2017, 11:59:13 AM |
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Bitcoin is borderless currency so anyone can join. The so-called "de-Chinalize" is actually trying to draw a border, and the idea is not aligned with the principles of bitcoin...
Chinese market is shrinking, that doesn't concern you? the chinese market was never big in the first place. just Fudsters and spammers embellished and racially exaggerated 'china control' purely to cause speculation |
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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Mometaskers
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February 18, 2017, 10:12:43 PM |
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Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.
Japanese exchanges are taking 0 fees. Isn't that also the reason that China seemed to have a large volume? |
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Arcteryx
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February 18, 2017, 10:18:09 PM |
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I would say yeah lets get this train turned right around and send it straight Japan's way!  I had a theory and I think it will pay out dividends if it does come to fruition: http://bitcointalk.org/index.php?topic=1791094bitFlyer exchange all the way baby!  |
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hl5460 (OP)
Legendary
Offline
Activity: 1620
Merit: 1000
news.8btc.com
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February 20, 2017, 01:48:36 AM |
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PBOC has been strengthening the supervision to domestic Bitcoin enterprises. Companies related to bitcoin trading are paranoid and introduce a variety of restrictions on transactions. Harsher one prohibit Bitcoin withdrawal while easier company impose other policies to increase trade friction. On the other hand, PBOC still reserve abundant cards to play in terms of regulating Bitcoin. It’s under such a background that topic of “de-Chinalize Bitcoin” is getting popular in the industry. My suggestion is to abandon the idea completely. It’s impossible to de-Chinalize Bitcoin. http://news.8btc.com/op-ed-impossible-to-de-chinalize-bitcoinThe main issue on China was not on getting all bitcoins out of China but the creation of fake volumes and market manipulation of Chinese exchangers. But sooner or later China will also sell their bitcoins to get profit and in time the number of volume of bitcoins in their hands will diminish and will be distributed worldwide. Not really, OTC trade price is still higher and coins are coming in. |
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RoommateAgreement
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February 20, 2017, 04:11:33 AM |
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actually it seems like it was perfectly possible to do that. China did de-Chinalize themselves. we no longer can see the same volume coming from China and then with the latest restrictions the volume on exchanges went to practically zero and everyone is not OTC trading.
i hope at least one good thing comes out of this when we stop seeing so many China FUD.
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Buying the dip...
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hl5460 (OP)
Legendary
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Activity: 1620
Merit: 1000
news.8btc.com
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February 20, 2017, 05:57:44 AM |
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actually it seems like it was perfectly possible to do that. China did de-Chinalize themselves. we no longer can see the same volume coming from China and then with the latest restrictions the volume on exchanges went to practically zero and everyone is not OTC trading.
i hope at least one good thing comes out of this when we stop seeing so many China FUD.
I see OTC trading volume is nearly 2000btc a day. |
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poloniexwhale
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February 20, 2017, 06:17:23 AM |
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Bitcoin is a global payment system, I can't get the idea of chinalize bitcoin, it is impossible, how can they localize bitcoin? Just more regulations doesn't mean chinalize bitcoin.
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odolvlobo
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February 20, 2017, 06:30:55 AM |
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The Chinese government cannot regulate Bitcoin. The most it can do is regulate or restrict the use of Bitcoin by its people. Its actions do not affect anyone else in the world.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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hl5460 (OP)
Legendary
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Activity: 1620
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news.8btc.com
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February 20, 2017, 07:23:57 AM |
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The Chinese government cannot regulate Bitcoin. The most it can do is regulate or restrict the use of Bitcoin by its people. Its actions do not affect anyone else in the world.
Yes, Chinese merchants are not allowed to accept bitcoin. But sometimes regulation is contagious. |
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Amph
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February 20, 2017, 07:28:06 AM |
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Yes, it is possible to De-Chinalize them from the strong influence they have in Bitcoin market, thanks to Japanese exchanges the trade volume seems to be coming back, Japan exchage gave Bitcoin chance when no one was willing to try and I can see them taking their strong positions back.
Japanese exchanges are taking 0 fees. is this chinese exchange all over again? what i think is that it's not the fee that determinate the volume, chinese exxchange had fake volume and not real volume because they were running their exchange with zero fee traders don't even care about fee too much, they are all very minimum, volume is higher in japan for another reason, hype/better adoption etc... |
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