Even the great Firewall cant stop Bitcoin trading in china

[Mometaskers]

The exchanges would open up again anyway, though this time with more regulation to avoid money laundering. Coz, which country would want capital flight? This would not stop people from using their Bitcoins though. Provided they've got some saved that were not frozen, they'd still be able to use it normally. And even if the government do enforce stricter regulations, I doubt that would stop people using bitcoins and cryptocurrencies in general. Like one local bank in my country's slogan say (also ran by a Chinese immigrant BTW) -"We'll find ways".  

Exchanges may stay locked forever. We are talking about China here. Not the best country known for their property rights. There was a reason bitcoin became very popular in China, because it make it possible for people to leave that shit hole   Big Companies like Apple, Microsoft or any other capitalistic vampires won't allow their cheap workers to runaway and spread into rest of the world.   Imagine a 500Million Chinese refugee group in Europe... Wouldn't it be a mess?  

LOL, lucky for those then that have already moved out. Chinese government would eventually be in big trouble if they remain repressive. It's already transitioning into a consumer economy, the sweatshops would be moving out eventually. I remember the time when my Happy Meal have toys made in Taiwan or South Korea (yes I'm that old), then it became Made in China, it's not by a long stretch that it'd soon be other country. Would China gracefully exit the cheap factory phase like Taiwan and South Korea did?

As for the Chinese refugees, no please just no. Have you seen what their tourists have done inside the Sphinx? Those are people that actually have money to spend travelling... just imagine the refugees.

[mindrust]

The exchanges would open up again anyway, though this time with more regulation to avoid money laundering. Coz, which country would want capital flight? This would not stop people from using their Bitcoins though. Provided they've got some saved that were not frozen, they'd still be able to use it normally. And even if the government do enforce stricter regulations, I doubt that would stop people using bitcoins and cryptocurrencies in general. Like one local bank in my country's slogan say (also ran by a Chinese immigrant BTW) -"We'll find ways".  

Exchanges may stay locked forever. We are talking about China here. Not the best country known for their property rights. There was a reason bitcoin became very popular in China, because it make it possible for people to leave that shit hole   Big Companies like Apple, Microsoft or any other capitalistic vampires won't allow their cheap workers to runaway and spread into rest of the world.   Imagine a 500Million Chinese refugee group in Europe... Wouldn't it be a mess?  

LOL, lucky for those then that have already moved out. Chinese government would eventually be in big trouble if they remain repressive. It's already transitioning into a consumer economy, the sweatshops would be moving out eventually. I remember the time when my Happy Meal have toys made in Taiwan or South Korea (yes I'm that old), then it became Made in China, it's not by a long stretch that it'd soon be other country. Would China gracefully exit the cheap factory phase like Taiwan and South Korea did?

As for the Chinese refugees, no please just no. Have you seen what their tourists have done inside the Sphinx? Those are people that actually have money to spend travelling... just imagine the refugees.

They can exit that phase if a cheaper option comes up but i don't think there will be anything like that cheaper than China. China has everything necessary to be the cheap workers' country.

Communism? yes.
Overpopulation? yes.
Shitty rulers? yay.
Submissive people? hell yeah.

You can't have em all in somewhere else.

Only robots are cheaper than Chinese workers atm.

[Mometaskers]

The exchanges would open up again anyway, though this time with more regulation to avoid money laundering. Coz, which country would want capital flight? This would not stop people from using their Bitcoins though. Provided they've got some saved that were not frozen, they'd still be able to use it normally. And even if the government do enforce stricter regulations, I doubt that would stop people using bitcoins and cryptocurrencies in general. Like one local bank in my country's slogan say (also ran by a Chinese immigrant BTW) -"We'll find ways".   

Exchanges may stay locked forever. We are talking about China here. Not the best country known for their property rights. There was a reason bitcoin became very popular in China, because it make it possible for people to leave that shit hole  Big Companies like Apple, Microsoft or any other capitalistic vampires won't allow their cheap workers to runaway and spread into rest of the world.  Imagine a 500Million Chinese refugee group in Europe... Wouldn't it be a mess? 

LOL, lucky for those then that have already moved out. Chinese government would eventually be in big trouble if they remain repressive. It's already transitioning into a consumer economy, the sweatshops would be moving out eventually. I remember the time when my Happy Meal have toys made in Taiwan or South Korea (yes I'm that old), then it became Made in China, it's not by a long stretch that it'd soon be other country. Would China gracefully exit the cheap factory phase like Taiwan and South Korea did?

As for the Chinese refugees, no please just no. Have you seen what their tourists have done inside the Sphinx? Those are people that actually have money to spend travelling... just imagine the refugees.

They can exit that phase if a cheaper option comes up but i don't think there will be anything like that cheaper than China. China has everything necessary to be the cheap workers' country.

Communism? yes.
Overpopulation? yes.
Shitty rulers? yay.
Submissive people? hell yeah.

You can't have em all in somewhere else.

Only robots are cheaper than Chinese workers atm.

Bangladesh could become a replacement though they probably don't have the infrastructure to take the world factory burden from China.

[fabrizeo]

Dont you think that the Chinese Firewall with DPI could just detect and block all bitcoin confirmation ? Seems they can do it pretty well : https://anonymster.com/great-firewall-china-bypass/

[Kakmakr]

Dont you think that the Chinese Firewall with DPI could just detect and block all bitcoin confirmation ? Seems they can do it pretty well : https://anonymster.com/great-firewall-china-bypass/

Why would they want to do that? A huge amount of capital are entering China from miners selling bitcoins. Some of the biggest mining pools and mining farms are situated in China. People are buying those coins and selling them beyond the Chinese borders.

They are converting cheap electricity into money to strengthen their economy. ^hmmmmm^

[niisarearning]

what you mean by great firewall even lots of social networks not accessible in china even people accessing through VPN .and also there is lots of technique to access internet .

[hello_good_sir]

Since PBOC gave some guidelines, the chinese exchanges have suspended the withdrawal of bitcoins, it seems people have shifted to localbitcoins.Even the great firewall cant stop the digital gold trading in china.

Can I ask you why do you think that Great Firewall made by China can stop chinese population from using bitcoin?
Obviously, there is only one real bitcoin, bitcoin core. If the China authorities would decide to ban bitcoin, or just block all the websites related to it, then im sure they would have some cryptocurrency in there, but just made by their nation.

Im sure that china goverment is very smart, because such a big and well-developed country (after all, it is one of the most powerful countries) needs good leaders.
They have to know that blocking bitcoin and cryptocurrencies overall is stupid, because they can be very useful for society plus even for goverment, if people will pay taxes as they should!

Im sure that we should not be worried about bitcoin situation in China, at least that is my opinion.

[fabrizeo]

Dont you think that the Chinese Firewall with DPI could just detect and block all bitcoin confirmation ? Seems they can do it pretty well : https://anonymster.com/great-firewall-china-bypass/

Why would they want to do that? A huge amount of capital are entering China from miners selling bitcoins. Some of the biggest mining pools and mining farms are situated in China. People are buying those coins and selling them beyond the Chinese borders.

They are converting cheap electricity into money to strengthen their economy. ^hmmmmm^

China has a huge issue with currency evasion... could be a good reason ?

[Mbokani]

what you mean by great firewall even lots of social networks not accessible in china even people accessing through VPN .and also there is lots of technique to access internet .

People could access sites which are blocked through their firewall and yes there are many techniques to access the internet but most of the time the people does not have a clue about how to bypass these restrictions as most of them are not technical enough or aware of the fact that these things are easy to bypass.

[dasholator]

The exchanges would open up again anyway, though this time with more regulation to avoid money laundering. Coz, which country would want capital flight? This would not stop people from using their Bitcoins though. Provided they've got some saved that were not frozen, they'd still be able to use it normally. And even if the government do enforce stricter regulations, I doubt that would stop people using bitcoins and cryptocurrencies in general. Like one local bank in my country's slogan say (also ran by a Chinese immigrant BTW) -"We'll find ways".  

Exchanges may stay locked forever. We are talking about China here. Not the best country known for their property rights. There was a reason bitcoin became very popular in China, because it make it possible for people to leave that shit hole   Big Companies like Apple, Microsoft or any other capitalistic vampires won't allow their cheap workers to runaway and spread into rest of the world.   Imagine a 500Million Chinese refugee group in Europe... Wouldn't it be a mess?  

ZB.COM is launched today, and meet you on scheduled. ZB.com is a block chain asset trading platform in Chinese and English, open to citizens of mainland China.

       ZB as a new platform is still tiny, products are unsatisfactory, such as parts of user accessis not stable, less trading currency and other issues, but it is a first step.

       ZB is successfully launched today, November 1st, 2017

      Qtum/BTC is the only currency pair open for trading as of writing, however.

[q835197677]

I don't really understand what the "great firewall of China" has anything to do with what is happening in China regarding bitcoin!

the Public Bank of China is trying to put an stop to not regulated bitcoin exchanges that have been reporting that they are handling billions of dollar every day and that is a big red flag for any government regarding money laundering and other criminal activities and it has to stop.

and in the end these exchanges will come back and continue but this time they will cut any money laundering and any other concerns about legality their government had.

Maybe he is just trying to used Analogy here. Great Wall of China=Great Firewall of China. I don't think that PBOC can stopped the Chinese or any nationality to do trading and investment with other cyptocurrency or localcoins as the OP says. They will always find a way outside of the censorship to earn or profit because people need money to lived. So it doesn't mean that since PBOC has regulated or suspended the exchanges now, you will cease your trading as well, no, just find a way outside of it and continue to profit everyday.

The strength of the GFW is very limited, and we can use the technology to browse twitter, Google, facebook, etc. Bitcoin, too, won't stop our love of bitcoin forever.