Jaroslaw (OP)
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supernode
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May 07, 2013, 09:11:09 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Ares
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May 07, 2013, 09:27:11 AM |
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I can't think of a single reason.
brb selling all my Bitcoins
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b!z
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May 07, 2013, 09:27:37 AM |
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The answer is they don't use BTC, they use CNC  |
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Matthew N. Wright
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Hero VIP ultra official trusted super staff puppet
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May 07, 2013, 09:30:29 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
The only reasoning behind doing so that I can imagine would be to try and somehow regulate the price nationwide. Other than that, what benefit would a worldwide payment service be if it was only mined and exchanged and trusted inside China? They'd be throwing away valuable market exposure. |
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crumbcake
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May 07, 2013, 09:34:53 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
The only reasoning behind doing so that I can imagine would be to try and somehow regulate the price nationwide. Other than that, what benefit would a worldwide payment service be if it was only mined and exchanged and trusted inside China? They'd be throwing away valuable market exposure. It's not mined "just inside China." ChinaCoin = just another name. |
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Matthew N. Wright
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May 07, 2013, 09:37:26 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
The only reasoning behind doing so that I can imagine would be to try and somehow regulate the price nationwide. Other than that, what benefit would a worldwide payment service be if it was only mined and exchanged and trusted inside China? They'd be throwing away valuable market exposure. It's not mined "just inside China." ChinaCoin = just another name. I never said anything about "ChinaCoin", I was answering the general question which was "Why don't the Chinese just make their own coin?". |
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crumbcake
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May 07, 2013, 09:41:22 AM |
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My mistake--I thought the topic was "China Coin," and it's "China" coin. Early for me...
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smoothie
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LEALANA Bitcoin Grim Reaper
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May 07, 2013, 09:41:47 AM |
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CNC = Chicken Coin
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▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌
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²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩
▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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Hawker
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May 07, 2013, 09:44:35 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
Because it would be just another pointless altcoin? Bitcoin has value that can be used to trade outside of China - its why I originally got interested in Bitcoin. There is no way some local altcoin can be used the same way. |
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Tirapon
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May 07, 2013, 09:55:50 AM |
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Step 1: Create another pointless alt-coin Step 2: Call it 'ChinaCoin' and put some Chinese writing on the main website Step 3: ? ? ? ? Step 4: Profit |
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Zaih
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May 07, 2013, 10:33:46 AM |
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Step 1: Create another pointless alt-coin Step 2: Call it 'ChinaCoin' and put some Chinese writing on the main website Step 3: ? ? ? ? Step 4: Profit Possibly my favorite post on this site. Pure genius. |
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Tirapon
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May 07, 2013, 10:54:03 AM |
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I wish I could take credit for it, but I actually stole that from southpark  |
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RationalSpeculator
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This bull will try to shake you off. Hold tight!
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May 07, 2013, 11:00:03 AM |
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As many of you know china like doing copy-cat in everything. They dont use google but baidu(chinese copy) they copy everything like phones, cars, tv, even military tanks, airplanes. So why the hell they use bitcoins not they own copy-cat CCNCoin, ChinaCoin or whatever they name it?
I bet they won't do that. The motivation of copying is PROFIT. They will want to own btc because that's what the world has, and that's where the profit is. |
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oakpacific
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May 07, 2013, 11:03:32 AM |
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Because most of us are not stupid and will not spend our money on some crappy altcoins simply because the letters "CHN" are included in its name.
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Jaroslaw (OP)
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supernode
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May 07, 2013, 11:07:42 AM |
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Because most of us are not stupid and will not spend our money on some crappy altcoins simply because the letters "CHN" are included in its name.
And here we go with definition with bitcoin and why people buying it. Ponzi scheme |
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oakpacific
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May 07, 2013, 11:08:56 AM |
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Because most of us are not stupid and will not spend our money on some crappy altcoins simply because the letters "CHN" are included in its name.
And here we go with definition with bitcoin and why people buying it. Ponzi scheme You seem to know nothing about either Bitcoin or Ponzi scheme, not worth my time. |
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skyhenge
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May 28, 2013, 01:54:44 AM |
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can you buy anything with a chinacoin?
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str4wm4n
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May 28, 2013, 05:09:38 AM |
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do the chinese even call their country china?
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farfiman
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May 28, 2013, 07:55:12 AM |
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do the chinese even call their country china?
Zhonghua Renmin Gongheguo |
"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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Matthew N. Wright
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May 28, 2013, 08:01:42 AM |
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do the chinese even call their country china?
Zhonghua Renmin Gongheguo "'Murika" seems so much simpler in comparison. |
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