Stupid thoughts about Bitcoin China. May be not so stupid???

[Ucy]

I have a feeling the whole banning thing is about Segwit/Segwitx2. The government may try to influence the outcome of upcoming events or use the banning threat to force the community to accept Segwitx2

[vuvanle120]

Bitcoin is just passing through a phase, expect that in the not too distant future. Whatever China does or say would have zero influence on bitcoin's value, because even if they ban bitcoin in China, bitcoin has gained a wide adoption, also expect China to come up with her own cryptocurrency.

Just like how China ban Google and Apple before so their companies can dominate their own market. That's why you might consider buying some Chinese crypto such as NEO and Qtum to play with the Chinese market.

[moataz_ansary]

I think that be away from market till 30 September will be a wise
Every thing can happen
No one can expect exactly what will happen

[Hallmader]

Recently we had a lot of news and rumors from China about exchanges and even bitcoin ban. We all already tired from these kind of stuff. Many of us think China government stupid. But here is the thought appears about China's government is not stupid at all and they've started play their own game. It's not a secret that around 50% (or even more) BTC mining power is situated in China. What if China plans to create their own "Bitcoin" using already existed mining powers? If they do so it would be first strong government's crypto. Does this thought silly or not? Could this be true???

It may be true. For some it is silly. For some it is not. For me? I don't f*cking care about china and their plans. So what if they want to create their own bitcoin? So what if they are powerful in their shit games? To hell with china! Go ahead china and leave bitcoin for good!

[illyiller]

I have a feeling the whole banning thing is about Segwit/Segwitx2. The government may try to influence the outcome of upcoming events or use the banning threat to force the community to accept Segwitx2

I highly doubt that. The Segwit and Segwit2x issues may seem fundamentally important to us as bitcoiners, but I don't think the Chinese government cares. What they care about is capital outflows, shadow banking (and AML/KYC controls to combat it), and maybe they want to organize trading and even mining activities under state control.

I'm not sure about the latter, because it means that they are likely really bullish on Bitcoin. Could that really be?! There is talk about a potential "nation-state mining arms race" if the Chinese government enters the game...

[oreits11]

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