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Author Topic: Randomness from a chinese.  (Read 4677 times)
FenixRD
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December 30, 2013, 09:06:05 AM
 #41

...The truth is the OP is full of bullshit , i feel ashamed that you said you are Chinese and you are telling the truth in the subject.
+1
...China is still trading good OP please wash your mind and clean your eyes and look,
As i posted in my last post you cant speak for all Chinese People this is prove that different you and other chinese, You think BTCChina is only exchange in China and in the same place which you told house hold and family business type is now going to be Worlds Highest Traded Volume.

Jesus Christ, is it really possible that myself and apparently BitBurger are the only ones in this entire thread who can understand "imperfect English as synthesized by a primary speaker of Chinese"?

Translated overview of what OP said for the rest of you dunces:
And with a little color commentary.


The bubble didn't have to pop when it did and wasn't China's fault alone. [/b]
True. Western misinterpretation of Chinese news was, and then of course even Chinese investors reacted to the downturn.

There weren't that many Chinese investors anyway.
Not as many as the volume stated, for sure. Lots of traders in BTCChina etc. were foreigners attracted by their 0% trade fees, myself included. BTW, the high volume Chinese exchanges, i.e. Huobi etc, are also attracting foreigners the same way, along with the simplicity of exiting via Paypal etc. All these methods of attracting users exploit ways of lowering market friction. And yes, BTCChina is pretty much the only major exchange still located in China. The rest are skating on thin ice legally or aren't actually in mainland China.

So, don't lose faith in China. 75% of the mining is still here, and tons of interest in the ASICs, especially since they're made here anyway. And there's plenty of interest in cryptos as a whole. Bobby Lee, CEO of BTCChina, the biggest "legit" exchange, is the brother of Charlie Lee, ex-Googler who wrote Litecoin before going to work at Coinbase. OP didn't mention Coinbase or their names specifically. Or Google. He did mention the heavy interest in NXT as an example of their love for crypto, which everyone ran with as evidence for shilling, 'cuz haters love to hate, and thinking's a lot harder than talking.

I stopped reading at :

Quote
The 75% of all the mining activity it's here.
What does that means? Everybody told us that chinese invest invest invest.

Oh really!
And about the exchange volume , it has been already discussed and proven how it was manipulated.


Dear god. You snipped 1 sentence and still fucked it up. Mining volume, you fucking idiot. I am now policing this thread just to assemble a list of users with which I vow never to do business. Trading with idiots always costs more than you expect in the end, either in time or some other fuckup.

Uberlurker. Been here since the Finney transaction. Please consider this before replying; there is a good chance I've heard it before.

-Citizenfive
balanghai
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December 30, 2013, 09:09:31 AM
 #42

This is a great thread. Maybe localizing a bit will help mellow down the critics. Like saying that this is based in my hometown and say "I do not represent all of China".

It's good to know more people are helping Asians in terms of connecting and helping them elaborate.
btcrich
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December 30, 2013, 04:58:14 PM
 #43

I stopped reading at :

Quote
The 75% of all the mining activity it's here.
What does that means? Everybody told us that chinese invest invest invest.

Oh really!
And about the exchange volume , it has been already discussed and proven how it was manipulated.


Dear god. You snipped 1 sentence and still fucked it up. Mining volume, you fucking idiot. I am now policing this thread just to assemble a list of users with which I vow never to do business. Trading with idiots always costs more than you expect in the end, either in time or some other fuckup.

Actually, Fenix, I believe you may be giving stompix too much credit. He could actually believe that China is somehow manipulating the network to reflect that they are solving 75% of all blocks.
stompix
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December 30, 2013, 05:16:47 PM
 #44



I stopped reading at :

Quote
The 75% of all the mining activity it's here.
What does that means? Everybody told us that chinese invest invest invest.

Oh really!
And about the exchange volume , it has been already discussed and proven how it was manipulated.


Dear god. You snipped 1 sentence and still fucked it up. Mining volume, you fucking idiot. I am now policing this thread just to assemble a list of users with which I vow never to do business. Trading with idiots always costs more than you expect in the end, either in time or some other fuckup.

No my dear idiot , I doubt anyone can do business with somebody with your temper.

Can you come with profs that 75% of the mining activity is in China?
That's the word the op used , that's the word I don't like next to that value.
Volume , length, value diameter .
But , I don't expect you to come up with this since I wasn't quoting you on that.

Also , you fail to notice than when people say "and about " , they refer to another part of the discussion.
And I referred here to the faked , and proven faked volume of Chinese exchangers.

So , my conclusion , China matters as much as Bulgaria in the bitcoin system.
Come with numbers to contradict me.
And not with the reported volume of 22k BTC of an exchanger that only has 1000BTC on the order book.

.
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BTCisthefuture
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December 30, 2013, 05:27:37 PM
 #45

I agree it can be frustrating with people outside of your home country committing on things related to your country. especially if they get something wrong. that's normal though. people from all over the world talk about people from all over the world.

i'm a 老外  living in china and it's not like people in china talk any less about countries they've never been to or know little about any more than other countries do.

bitcoin is a global thing so it's normal that the global community is going to discuss issues from all over the world even if they aren't from that part of the world. 

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
everythingis19
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December 30, 2013, 05:57:50 PM
 #46

Uhhhh... ok there robert downy jr.   calm down

stop patronizing everybody and being so fucking arrogant.. you probably spend 2 hours writing out your long winded posts only to have maybe one reader who even has the patience to read through all your condescending nonsensical garbage..

go away, seriously.. arrogant douchebag
Dr Bloggood
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December 30, 2013, 06:07:40 PM
 #47

Interesting thread, although a bit hard to follow.

OP, it's true, it's indeed best to hear it straight from the "horses mouth". Which is why I started a thread in the Chinese section (in English) a couple of weeks ago, but unfortunately not many people seemed to understand me there (writing English).

My question: Can you give us your conclusion? Is what you are saying bullish or bearish for BTC and where do you see it going?
duanwenming
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December 31, 2013, 08:46:01 AM
 #48

这帖子居然能盖这么多楼。其实你们在做的是无意义的讨论。
FenixRD
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December 31, 2013, 10:35:59 PM
 #49

Uhhhh... ok there robert downy jr.   calm down

stop patronizing everybody and being so fucking arrogant.. you probably spend 2 hours writing out your long winded posts only to have maybe one reader who even has the patience to read through all your condescending nonsensical garbage..

go away, seriously.. arrogant douchebag

It's a forum, not a chatroom. Objecting to the time required to read a multiparagraph post is textbook anti-intellectualism. While I may have lacked calmness, indeed, I cannot silently abide unveiled racism and xenophobic mockery. If you find nothing at all of merit in my posts, you may ignore them, though I prefer the lesser extreme where there is *some* discussion, as we are having right now. (I use ignore purely for outright trolls.)

I stopped reading at :

Quote
The 75% of all the mining activity it's here.
What does that means? Everybody told us that chinese invest invest invest.

Oh really!
And about the exchange volume , it has been already discussed and proven how it was manipulated.


Dear god. You snipped 1 sentence and still fucked it up. Mining volume, you fucking idiot. I am now policing this thread just to assemble a list of users with which I vow never to do business. Trading with idiots always costs more than you expect in the end, either in time or some other fuckup.

Actually, Fenix, I believe you may be giving stompix too much credit. He could actually believe that China is somehow manipulating the network to reflect that they are solving 75% of all blocks.

You may be right:

No my dear idiot , I doubt anyone can do business with somebody with your temper.

Can you come with profs that 75% of the mining activity is in China?
That's the word the op used , that's the word I don't like next to that value.
Volume , length, value diameter .
But , I don't expect you to come up with this since I wasn't quoting you on that.

I'll deliver a mild jab at your grammar and syntax, because you seem to be a primary speaker of English and therefore lack an excuse other than a disdain for precision in communication, which says something. It is somewhat taxing to follow, spaces before commas etc.

But more importantly, what sort of "profs" have you that it isn't? I've seen no indication that somehow mining is being manipulated, and I'm not sure how it could be. Exchange volume, when done as off-chain transactions, is largely opaque.

I defended OP despite not being the one quoted because the thread had devolved into widespread attack on several strawmen cherry-picked from his post and exploited for language barrier issues. It is a shame I was incited to need to do so at all. I don't expect everyone to understand why I did; if they understood, I would not have had to do it.

Also , you fail to notice than when people say "and about " , they refer to another part of the discussion.
And I referred here to the faked , and proven faked volume of Chinese exchangers.

So , my conclusion , China matters as much as Bulgaria in the bitcoin system.
Come with numbers to contradict me.
And not with the reported volume of 22k BTC of an exchanger that only has 1000BTC on the order book.

I still cannot help but interpret this as a flawed understanding of the relationship between exchange volume and mining activity. I have no intention to demonstrate mining activity with exchange volume figures, because that doesn't make sense.

As it's been many hours and I have the warm-fuzzy of PMs from OP and other participants voicing appreciation for my defense of polite intercultural relations in Bitcoinland (as well as the warm-fuzzy of some fantastic eggnog) I'm feeling far less testy at present. So help me understand.

Uberlurker. Been here since the Finney transaction. Please consider this before replying; there is a good chance I've heard it before.

-Citizenfive
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