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visionfar
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July 28, 2017, 05:19:53 PM
 #1

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?

Do we have any availible plan to protect the great-BTC-chain?

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July 28, 2017, 07:51:07 PM
 #2

There are many miners spread all around the world and just as many merchants and bitcoin users. China might dominate

Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also

not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.  Roll Eyes

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July 28, 2017, 09:02:54 PM
 #3

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?

Do we have any availible plan to protect the great-BTC-chain?



LOL. I don't think that the Chinese would isolate themselves again. They have done it before but when they open the doors China exponential growth was realized. And if such scenario happened, then we can adjust to the situation. We might as well found another country with cheap and abundant supply of electricity taking over the mining from the Chinese. I think a lot of individual would love to put up mining in different continent because right now we are totally dependent of the Chinese mining industry. We will create alternatives to sustain bitcoin ecosystem.
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July 28, 2017, 10:02:33 PM
 #4

There will be a temporary disruption in the market of course.  But I don't think it would take long for that mining power to move out of China into other countries.
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July 28, 2017, 10:04:39 PM
 #5

the removal of china would be an extremely positive development for bitcoin apart from short term difficulty adjustment armageddon.

they haven't brought anything positive to bitcoin. they centralised it, pumped and dumped it via their casinos and have contributed nothing to development.
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July 28, 2017, 10:58:23 PM
 #6

If the chinese goverment blocked the Internet access to the whole world,

Did not understand what you mean here. If you think that one day those asians can block the internet to the whole world then you are crazy (and i'm curious about the details).
If you mean that they can centralize bitcoin then such threat do not exist atm. To make it more realistic China still have to do huge investments (the more  money invested by non-Chinease miners the more China should invest). If they will loose the internet access before getting majority imho we will only benefit from making bitcoin more decentralized.
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July 28, 2017, 11:08:52 PM
 #7

That would certainly suck for the Chinese miners, but the rest of the world would pick up the slack, no doubt.  And China is not the entire world, just as the US or any other country isn't.

I wouldn't worry about what any one government might potentially do until it's close to a certainty--and right now, I don't think OP's scenario is anywhere near that.  So don't give up the faith just yet, eh?

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July 28, 2017, 11:23:13 PM
 #8

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?

Do we have any availible plan to protect the great-BTC-chain?



The Chinese government will never turn off their internet, too much of their economy depends on it but assuming they did mining difficult would just decrease to whatever hashing power is available outside the country and bitcoin would survive fine. The price might crash a bit in the short term but it wouldn't ruin bitcoin's future.
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July 28, 2017, 11:41:41 PM
 #9

I don't think Chinese governments will turn off internet, if they turn it off their technology will fall behind and their economic will be affected, if the Chinese government banned Bitcoin and the miner can't work from China then we still have a lot miners from all over the world


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seyola89
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July 28, 2017, 11:52:47 PM
 #10

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?

Do we have any availible plan to protect the great-BTC-chain?



Might surely decline the value temporarily but the king BTC will always live on and recover as adoption incrrases
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July 29, 2017, 12:01:08 AM
 #11

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?
Do we have any availible plan to protect the great-BTC-chain?
What do you mean by the Chinese government blocking the internet access to the world and what implication does it have for bitcoin,do you think that because some of the big mining farms are running in China means that it will effect bitcoin, Roll Eyes if you are not aware of it ,bitcoin is not Chinese ,it is a global currency and no one can block it. Tongue

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July 29, 2017, 12:05:08 AM
 #12

There are many miners spread all around the world and just as many merchants and bitcoin users. China might dominate

Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also

not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.  Roll Eyes
Correct, even china has a big contribution in mining of bitcoin still they not hold or can stop bitcoin to progress since now lot of countries are accepting bitcoin and i think all those country has own mining sites to produce bitcoin.
And i think china can not blocked thr whole internet access in the whole world every country has own isp and not depending on china.
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July 29, 2017, 12:19:09 AM
 #13

If china decided to stop mining and segwit activated with payments not going to miners and through payment hubs instead. Mining would not be profitable and very few new blocks would be rewarded. Very few countries have electrical grids that can supply electricity at a price that would be profitable to 1.) start manufacturing asic chips 2.) setup new bitcoin mining operation 3.) Once running, not drown in electrical costs and forget upgrades. I think another coin would have to rise, but existing bitcoins might be able to survive albeit very slow.
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July 29, 2017, 12:26:38 AM
 #14

If that will happen, there might be bad and good effects to mining.
But until that day still not yet come, i may not have to think so much negativity in me.
Because we dont know when.
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July 29, 2017, 12:33:30 AM
 #15

If it happens, then there will be a decrease in the price on the market altcoin.tapi bitcoin remain alive and continue in use by miners and ivestor.
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July 29, 2017, 12:37:33 AM
 #16

Someday sooner or later, If the chinese goverment blocked the Internet access to the whole world,
What can we do?

Do we have any availible plan to protect the great-BTC-chain?



Well it is possible to happen but I don't think it was likely to happen since most of the bitcoin trading was happening on china and bitcoin was already a part of china economy but In case that it happened I don't think bitcoin will stop but yes doing so will cause a great impact to the bitcoin community specially it's price we will never know if how much will it decreased or increased so lets just  hope that it will not happen.
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July 29, 2017, 01:16:01 AM
 #17

If that will happen, there might be bad and good effects to mining.
But until that day still not yet come, i may not have to think so much negativity in me.
Because we dont know when.

How can you make such decision? Didnt mining procedure relate to bcc same as btc Huh
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July 29, 2017, 01:25:48 AM
 #18

china is explicitly not gonna accept any criticism about what they did, however as long as we can still access to the Chinese website, likely we still have possibility to protect bitcoin from blocking. as bitcoin is decentralized, if to block the whole internet they have to block all the altcoin in circulation around China.

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
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July 29, 2017, 01:27:41 AM
 #19

There are many miners spread all around the world and just as many merchants and bitcoin users. China might dominate

Bitcoin mining, but they are not the only miners/users/merchants. We will take a huge hit if we lost China, but we will also

not go down without them. Asic chip manufacturing will have to move to Silicon Valley, if the Chinese market stops.  Roll Eyes


Indeed there is no need to worry about Chinese. No offence but they sure no the consequences of this fact that abondoning mining within china (biggest one) can lead to chaos in their own economy. The reason is simple, people in there already have sat up big rigs with huge amounts of investment. That wouldn't be good impression by the government on the youngest or sponsors.

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July 29, 2017, 01:31:04 AM
 #20

I don't think Chinese governments will turn off internet, if they turn it off their technology will fall behind and their economic will be affected, if the Chinese government banned Bitcoin and the miner can't work from China then we still have a lot miners from all over the world

Indeed, we all know that the Chinese population is scattered in almost all corners of the world, as well as its products and technology, because of the density of the people in their country, migration becomes an option to overcome the problem. Blocking internet access to worldwide? Where do you get this news, I think it is very unlikely, as said by the members above, this will greatly affect the economic and technological developments in china, while their dream is to dominate the economy and technology in the world. Not a few investors who entrust their money to bitcoin, Miner scattered everywhere in China. And the government is unlikely to ignore it all.
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