Regarding China

[Cicada1033]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

[1714662520]

1714662520

[1714662520]

1714662520

[Jafri101]

Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.

[dothebeats]

Uhh, what?

In what way would a government be destabilized by bitcoin? I can see bitcoin existing in a sovereign side by side with its national currency, but to topple off the government and be useless, it needs more than a decentralized asset to do that. Most of us here know that China banning bitcoin exchanges and mining is just FUD spread up by Chinese traders to short the hell out of the volatile price. If he really is a crypto enthusiast, he should also know the functions of a government first before giving comments as to why would the government be useless simply because bitcoin is used by the people.

[MAbtc]

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

Sounds like a classic libertarian spiel about counter-economics. I really don't see how the proliferation of cryptocurrency results in the phasing out of governments. The mere fact that decentralized money exists is not a replacement for governments. Gold has been used for centuries as decentralized money... did it phase out governments? Of course not; governments just started stockpiling gold. That's probably what they'll do with Bitcoin in time, too.

[bitcub]

I'm sick with everyday's china fud. Please someone tell the china's prime minister to stop bothering his people to drop their cryptos and icos. Let them choose what currency they want to buy.

Uhh, what?

In what way would a government be destabilized by bitcoin? I can see bitcoin existing in a sovereign side by side with its national currency, but to topple off the government and be useless, it needs more than a decentralized asset to do that. Most of us here know that China banning bitcoin exchanges and mining is just FUD spread up by Chinese traders to short the hell out of the volatile price. If he really is a crypto enthusiast, he should also know the functions of a government first before giving comments as to why would the government be useless simply because bitcoin is used by the people.

[h0lybyte]

The opinion of julian hosp regarding an official order issued by china governmemt is absolutely right.
If you consider,you would find that ICO enthusiasm has gotten out of their control, and ico insanity makes people throw money for opportunity to get their money doubled.
This overactivity of people with icos insinuates a danger to china government and they remain complelled baning icos.

[TahuDiniHari]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I think the Chinese government should be able to synergize with what is explained by Dr. Julian Hosp. certainly with the points of mutual benefit, If it is done, the government in any country will not arise suspicion about blockchain technology.

[andthereyou]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I think I will agree with Dr julian hosp and bitcoin cannot be stop. People will always find a way to use bicoin. Even if China banned exchanges of cryptocurrency. I believed chinese people will still find a way to invest or have bitcoin.  

[budi691]

In order not to arise suspicion, should every country can reset directly about blockchain technology maturely. So the risk can be overcome, if mutually beneficial. I think the issue or gossip about these negative things will not affect the blockchain technology.

[Saisher]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I agree with your post China is great in controlling everything that's include their so called China sea but I believe they cannot control it as the blockchain technology is moving forward this is the future of technology.

[peter0425]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

He may have a point. We all know that the China is communist. And as a communist, they want to control everything including its people, so how can they control crypto like bitcoin which is decentralized. Maybe a few years back it wasn't on their radar but this year alone, bitcoin rose to a astonishing %300 and they need to do something and can't sit back specially when it rose to $5000. So they quickly stomped it right away swiftly and everyone was caught by surprise. But we need to forget all about China and just move on our lives without them.

[Palmerson]

Perhaps it is as you say. But I think this time China was wrong. They can't control bitcoin. Its prohibitions, they can fall out of the cage and losing the lead in the production of minerals. I like it. Decentralization cannot deal with monopolization, and it jeopardizes the cryptocurrency. If we're lucky China itself would go the distance. I do not mind paying a temporary fall in the price of bitcoin.

[jekjekman]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I think that is the normal reaction for a Communist state as losing control in how people transact their money with no tax from it and any other kind of identities that is happening inside that transactions will be a future threat to them. So instead of giving their citizens who is using cryptocurremcies an unregulated exchanges they make a move now before anything will get worst.

Bitcoin is still decentralize and that will never change it is just that their exchanges of cryptocurrencies was changed. Are you ever think why is it that the mining industry of cryptocurrencies in their country is not yet regulated, I think that there is a man or group of whale miners behind this that resulted of banning ICO's and exchanges.

[nappoleon]

Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.

Chinese miners are moving its operation to Hong Kong.

[Falgorn]

There are still no vivid examples of the use of crypto currency in a particular country. I would like to see whether, for example, China will be able to keep the Crypto currency only in its own country and not allow the cash flows to go through the use of the crypto currency in other countries. The notion that a crypto currency can decentralize by its nature any coin created as a centralized coin for a particular state deserves attention. We do not yet have enough experience in this matter, but soon we will have to find out.

[pooya87]

~ For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

it is still early but not that early to be considered early stages to stop decentralized bitcoin. of course they may try but in my opinion it is way too late to do any harm to bitcoin. if it were 2008-2010 then it could have been possible to stop bitcoin in its real "early stages" but now that it has grown this big:

- countries have adopted it and made it a legit currency.
- millions of people invested in it
- hundreds of thousands of merchants are accepting it including huge companies like Microsoft, Dell, Valve.
- there are 200K transactions daily with $600-$700 million worth
- there are lots of businesses dedicated to bitcoin, from miners to wallets such as coinbase and exchanges and small gambling sites.

it is impossible to stop it.

[Savemore]

Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.

I agree , china is indeed one of the top countries that uses bitcoin and yet there the one whom considered that bitcoin is decentralizing and lowering its value. They are not the ones who control the value of bitcoin and other coins that is part of the bitcoin industry.

[darthmaul]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I barely doubt that china is thinking anything like that. I don't understand why they would stop it if it's becoming popular to use the bitcoin. The use of such asset and having adopted it in the country is actually the positive approach in developing the finance in the form of bitcoin.

blockchain tech can decentralize everything (currency, identity, ...)

If the above statement is really what they think then believe me china would be the first country to implant big projects and that too government taking part in it. They have already made big infrastructure related to information tech and digital world surrounds and resides in the china. I don't agree on that they are feared of decentralised power.

It's just that they are taking extra precaution while trading the national currency into virtual assets and don't want there people get scammed much.

[bitterguy28]

Nice opinion but i think china is the largest bitcoin miners country but they cant stop its price going to the moon or getting dump because it depends on supply and demands and mostly the world is moving on digital world like crypto currency so it will be more valuable currency in future.

i agree with you mate nothing can stop bitcoin in crypto world the explaination ragarding the bitcoin power as decentralized are correct because china can't go down the bitcoin into the soil, the reason is not only the china government can stop bitcoin because bitcoin are many supported of the nation around the world in the small investor like a miner is helping to create new coins for the demands of the crypto community.

[hello_good_sir]

So yesteday I was watching htis video: https://www.youtube.com/watch?v=Euf36Ueio20 (it's german so you won't understand much if you can't speak german)

Dr. Julian Hosp is a german crypto entheusiast and basicly he is telling his opinion regarding the latest China FUD. He says that in his opinion since the blockchain tech can decentralize everything (currency, identity, ...) gouvernments like China fear that they will be less and less needed in the future. For that reason they try to stop the decentralization in a early stage to maintain their power and existance.

So what do you think about that statement?

I definitely agree with him. I mean, the Chinese government is known for trying to maintain power over its citizens and it really comes as no surprise that they are trying to ban bitcoin exchanges. And it's not just the Chinese government, it's governments all over the world, even the US government.

Bitcoin could potentially be a threat to not only the fiat currency the government are issuing themselves but commercial banking systems that has close links to the government.

My guess is that they want to prevent bitcoin becoming mainstream at all, but even if they ban bitcoin exchanges bitcoin will only keep growing.