Taobao (China's version of Ebay) bans bitcoin mining hardware

[BitchicksHusband]

What a stupid FUD.  If ebay, an US company,  banned bitcoin miner trading, does it mean the US banned bitcoin miner?

Paypal bans bitcoin sales!!!  OMG!  US bans bitcoins!

[doctor877]

What a stupid FUD.  If ebay, an US company,  banned bitcoin miner trading, does it mean the US banned bitcoin miner?

Paypal bans bitcoin sales!!!  OMG!  US bans bitcoins!

Well it was the only place to buy BTCChina vouchers.. So now the voucher system seems pretty fucked up permanently, so if they ban Huobi deposits it's go time.

[Kenshin]

If that is the case then a lot of Bitcoin Mining Producer within China will be closed down or relocate in another country.

[T.Stuart]

Hey where is the panic sell-off with this news?

Don't tell me the bulls are going to be running all over China now?

Madness, complete madness!!!

 

[Wilhelm]

Hope they ban all mining equipment .... gpucoins, cpucoins, etc.....

The future for china

[keithers]

It is truly a shame what lengths governments will go to in order to prevent adults from doing what they choose with their own money.  I completely understand passing guidelines and laws to prevent the sale or purchase of something that could do physical harm to another person, but preventing grown adults from being able to spend money on what they please is ludicrous to me...

[GigaCoin]

so the whole complete chinese ban on bitcoin to Jan 31st is well underway.

[proudhon]

I knew this would happen, and it's much worse than OP could have imagined.  Not only is the PBOC banning all bitcoin mining, but they will be filtering bitcoin network traffic from China using the Great Firewall ----> See here for the official source confirming this horrific new information.

But, it gets worse.  Chinese officials at the PBOC have also confirmed via sources that US officials have entered into an agreement with China to lease their firewall technology so that the US government can filter out all bitcoin and all cryptocurrency traffic.  As I forsaw in 2011, this is literally the end of bitcoin and all cryptocurrencies through out the world.

The only thing left to do at this point is get all those coins out of cold storage, send them to the exchanges, and get out while you still can, before the price drops to fractions of a penny.

[GreenBits]

The first link you provided points to a Chinese banking page talking about payroll loans. Correct link, or am I missing something?


via google translate

"Salaried loan" products not only by individual employees can apply for or initiated by the unit employees, the Bank of China home for the relevant application procedures, provide convenient and efficient services to enterprises and employees of credit initiative.

First, the loan amount: 2-3 times the annual income of employees, in principle, more than $ 500,000. Wealth levels in line with the Bank of China customer standards, the loan amount can be increased accordingly.

Second, the loan period: usually one year, depending on the use of the loans extended to three years.

Third, the use of the loans: loans can be used for home improvement, car, education, health care and other legal compliance of all consumer spending, and not for the personal expenses of non-declared purpose prohibited by laws and regulations.

Fourth, use: recycling, as used with the mention.

V. guarantee: credit loans without collateral or guarantees. According to units and employees need to take the unit guarantees, mutual and other employees flexible and easy way of security, to maximize the loan amount.

[pietje]

I knew this would happen, and it's much worse than OP could have imagined.  Not only is the PBOC banning all bitcoin mining, but they will be filtering bitcoin network traffic from China using the Great Firewall ----> See here for the official source confirming this horrific new information.

But, it gets worse.  Chinese officials at the PBOC have also confirmed via sources that US officials have entered into an agreement with China to lease their firewall technology so that the US government can filter out all bitcoin and all cryptocurrency traffic.  As I forsaw in 2011, this is literally the end of bitcoin and all cryptocurrencies through out the world.

The only thing left to do at this point is get all those coins out of cold storage, send them to the exchanges, and get out while you still can, before the price drops to fractions of a penny.

So, i guess you sold your coins and still waiting for the predicted crash who will not come?..

[thoughtfan]

I knew this would happen, and it's much worse than OP could have imagined.  Not only is the PBOC banning all bitcoin mining, but they will be filtering bitcoin network traffic from China using the Great Firewall ----> See here for the official source confirming this horrific new information.

But, it gets worse.  Chinese officials at the PBOC have also confirmed via sources that US officials have entered into an agreement with China to lease their firewall technology so that the US government can filter out all bitcoin and all cryptocurrency traffic.  As I forsaw in 2011, this is literally the end of bitcoin and all cryptocurrencies through out the world.

The only thing left to do at this point is get all those coins out of cold storage, send them to the exchanges, and get out while you still can, before the price drops to fractions of a penny.

Slow clap to proudhon once more!

[darklight]

He is taking the piss

[proudhon]

I knew this would happen, and it's much worse than OP could have imagined.  Not only is the PBOC banning all bitcoin mining, but they will be filtering bitcoin network traffic from China using the Great Firewall ----> See here for the official source confirming this horrific new information.

But, it gets worse.  Chinese officials at the PBOC have also confirmed via sources that US officials have entered into an agreement with China to lease their firewall technology so that the US government can filter out all bitcoin and all cryptocurrency traffic.  As I forsaw in 2011, this is literally the end of bitcoin and all cryptocurrencies through out the world.

The only thing left to do at this point is get all those coins out of cold storage, send them to the exchanges, and get out while you still can, before the price drops to fractions of a penny.

So, i guess you sold your coins and still waiting for the predicted crash who will not come?..

Absolutely!  With the now confirmed bad news I posted verified via the sources I linked to which you can easily just read yourself, cryptocurrencies are officially over and we will be entering a long slow slide to $0, except it will be fast.  No new highs will ever come from this point on.  Just check out the sources I linked to.  All confirmed.

[GreenBits]

aaaaand the second link points to another Chinese banking page that basically is a state of the market report.. no mention of btc or even technology, for that matter. basically talking about USD/GBP/GLD/SLV.


are you fucking with me, good sir?

edit: you are indeed fucking with me. and us. not cute.

[niothor]

It's a chinese company , NOT CHINA but still


I'm sooo enjoying this....
I've told people here a lot of times that China will not embrace bitcoin , I was called in so many ways and names ..
I warned people about the fake volume of exchangers , about how china is pegging it's currency and doesn't want a currency it can't manipulate

I tried to tell people that growth will be achieved with the western countries and not with some half starved chinese and indians....but nothing

So , it's bitcoin dead now that we don't have China backing it anymore ?
Or will China expire and break down  (like all their products they both design and produce) before Bitcoin ?

[gentlemand]

If nothing else China is serving as a useful experiment on what can happen when a government tries to clamp down, and there are few other governments as authoritarian and quick to act as China so it's happening almost in Bitcoin time.

It seemed like a no brainer that they weren't going to allow it to flourish. India? Meh. For now it's a Western led thing and will be for a good while yet.

[undeadbitcoiner]

Taobo is Nothing its just like a Ebay in china. China has a lot of private company who are selling Mining equip. so no need to worry, China is now one stable market (Just Fuck what government says) Government is not important for us. Chinese love bitcoin that is importand. China is going to effect no more in the market. The next big market will be HongKong and we all know that Chinese are trading in Hongkong market also so Chinese people already are in safe side of trading. Chinese government could stop Bitcoin in China but Not in Singapore and Hongkong where chinese could easily trade.

[GreenBits]

thank you.


however, unless a joke, those two false links (and the paragraph that encapsulates them) is a big ass fud sandwich.


HAha?..

maybe im to serious at times. no troll intended
~Green

[ElectricMucus]

The first link you provided points to a Chinese banking page talking about payroll loans. Correct link, or am I missing something?

http://www.google.com/translate?hl=en&ie=UTF8&sl=auto&tl=en&u=http%3A%2F%2Frule.taobao.com%2Fdetail-1358.htm%3Fspm%3D0.0.0.0.FmkChchttp%3A%2F%2F

here is a screenshot

[Kenshin]

Taobo is Nothing its just like a Ebay in china. China has a lot of private company who are selling Mining equip. so no need to worry, China is now one stable market (Just Fuck what government says) Government is not important for us. Chinese love bitcoin that is importand. China is going to effect no more in the market. The next big market will be HongKong and we all know that Chinese are trading in Hongkong market also so Chinese people already are in safe side of trading. Chinese government could stop Bitcoin in China but Not in Singapore and Hongkong where chinese could easily trade.

That is a good point, you like pointed out.