-snip-
and how will they even do that.
bitcoin is unblock able until you turn your power stations off, and maybe not even then
Its just another kind of data transered over the internet. Of course it can be blocked.
The great firewall is very capable of Blocking stuff. The great firewall isn't very capable at all. Anything blocked in China is easily accessible through a vpn, nothing more.
Aren't both things true?
My understanding is that not too much effort is put into really blocking everything as that would hinder business.
It's enough to block a few things from 90% of the masses (and even then they seem to do it in a non-consistent way perhaps to make the wall look soft? As in first search for tank man gives images but not the second and things like that).
The ones who care to get informed will always get the information anyway.
I wonder if with Bitcoin they will have a similar approach. Afterall, party officials also have their international money transfer needs!
Unless OP is right I guess? But then if they seriously deal with systemic corruption then they wouldn't need to block Bitcoin as the Renminbi would be a sound currency and exchanges with Bitcoin and whatever other currency wouldn't need blocking and they could regulate the exchanges as any other exchange.
A much bigger issue is the shadow banking issue... can't let any money flow out of that hungry black hole! Nor in Bitcoin nor in euros nor in USD nor in anything...