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DreamStage
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May 16, 2019, 12:59:35 AM |
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Indeed will make WeChat less frequent to be used by new people / new bitcoin users.
It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
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Nothing to see here
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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gentlemand
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Welt Am Draht
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May 16, 2019, 01:02:33 AM |
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#I see WeChat's decision will have a negative impact on the value of their quantity.
Wechat has the Chinese government completely inserted up its anus. It's one of the government's prime control and surveillance tools. I would amazed if it wasn't doing anything other than this. It sounds like it's now basically indispensable for daily life there and no doubt they'll make its necessity even deeper. That's an ideal platform to deter crypto usage. The more removed China is from crypto the better. Nothing good has come from its involvement. |
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vit05
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May 16, 2019, 01:03:10 AM |
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Bitcoin and cryptos challenge one of the main features of weChat. A16 has a great article about how they dominate China street commerce. https://a16z.com/2015/08/06/wechat-china-mobile-first/At least one in five active WeChat users are set up for WeChat “Payments”, a process that begins in the Wallet menu by linking a banking or credit card to the user account. Being set up for WeChat Payments means instant, frictionless ability to transact on the WeChat Wallet services, all official accounts that sell products or services, and any associated promotions or campaigns. |
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kamBlanV (OP)
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Bcnex - The Ultimate Blockchain Trading Platform
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May 16, 2019, 09:23:11 PM |
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messaging-giant-wechat-bans-merchant-users-from-crypto-trading
merchants who were accepting bitcoin must be introduced to the decentralized marketplace since they are already using a decentralized currency there is no reason to still continue to use centralized platforms anymore. there already are good projects such as OpenBazaar ( https://openbazaar.org/) available for their ease of use too. I agree with you, a decentralized system is very efficient and very safe. platforms that still use centralized systems will have low quantities in the future. I thought. WeChat must have perceptions like Facebook and Whatsapp. they can introduce crypto in their application. |
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kamBlanV (OP)
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May 16, 2019, 09:27:02 PM |
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Indeed will make WeChat less frequent to be used by new people / new bitcoin users.
It's just the way people feel, if limited they will avoid the limitless at all costs and try to go for a more open, liberty place.
They would rather had to think their approach and see how much WeChat could be using Cryptocurrencies.
yes. WeChat's popularity is inferior to the popularity of Facebook and WhatsApp. I think that WeChat is not ready because the quality and quantity of WeChat is very low in the public eye. so their main focus is not the crypto trade. but publishing WeChat to increase its popularity. |
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kamBlanV (OP)
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May 16, 2019, 09:31:35 PM |
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#I see WeChat's decision will have a negative impact on the value of their quantity.
Wechat has the Chinese government completely inserted up its anus. It's one of the government's prime control and surveillance tools. I would amazed if it wasn't doing anything other than this. It sounds like it's now basically indispensable for daily life there and no doubt they'll make its necessity even deeper. That's an ideal platform to deter crypto usage. The more removed China is from crypto the better. Nothing good has come from its involvement. I assume that you really hate every Chinese contribution to the crypto world. yes. the Chinese government has a decision to limit crypto trading activities. but. prohibiting crypto trading in an application is not a good idea. I believe. if crypto becomes an uptrend in the future. Each social media platform will adopt crypto trading to attract every user. |
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gentlemand
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May 16, 2019, 11:43:15 PM |
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I assume that you really hate every Chinese contribution to the crypto world. yes. the Chinese government has a decision to limit crypto trading activities. but. prohibiting crypto trading in an application is not a good idea. I believe. if crypto becomes an uptrend in the future. Each social media platform will adopt crypto trading to attract every user.
You bet. Wechat is not a social media platform. It's a government control platform using social media as the tool to do it. What the government wants and doesn't want Wechat obeys. |
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uneng
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May 17, 2019, 01:33:00 AM |
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It will be worse for WeChat as there is a high number of groups of people that discuss crypto related themes on these platforms. There are ico, trading, investment, speculation, news groups. However, customers are not losing anything, as there are other options available. It will be bad only and exclusively for WeChat. when many large industries accept crypto, such as Facebook, Twitter, Samaung, Whatsapp.
From all these large industries I think the only bitcoin friendly one is Samsung. |
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teddyelwyn
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May 17, 2019, 01:33:25 AM |
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I think it's really unfortunate a centralized company decided to write crypto off entirely. I can't wait until we have a decentralized app like wechat. i know Elixxir is one project in particular trying to do that
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dmty.0809
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July 09, 2019, 06:21:43 AM |
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Because Wechat is a well-known application or paid service in China. The reason they prohibit the existence of cryptocurrency because they do not want the involvement of trade using virtual currency as illegal transactions or money laundering. And another reason is because China does have strict regulations related to crypto.
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seoincorporation
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Top Crypto Casino
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July 09, 2019, 01:54:39 PM |
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...
You bet. Wechat is not a social media platform. It's a government control platform using social media as the tool to do it. What the government wants and doesn't want Wechat obeys. This is totally right since wechat is the Chinese whatsapp then it will be against bitcoin if china gob decides it, but at the same time, it's absurd, idk how the ban will work, but what will happen if two normal guys want to chat about bitcoin? will that conversation be illegal two? idk, this is absurd, humans need freedom. |
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hv_
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July 09, 2019, 02:21:40 PM |
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RelayX - Looks good
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Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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bitcoin-shark
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July 09, 2019, 04:49:56 PM |
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wechat is the most important messaging app in China, i believe it is used by so many people, if the merchants who work with the crypto will be banned from this platform i think they will migrate en masse to other apps ,telegram would be great in my opinion...
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Crypto_Robert
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July 09, 2019, 05:13:07 PM |
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Since August last year, WeChat and Alibaba’s payment affiliate Ant Financial have both taken efforts to monitor and suspend user accounts that are suspected of being involved in crypto trading. Maybe they don't know that it is 2019 already?  |
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krb91
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Streamies Rocks!!!!
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July 09, 2019, 05:24:07 PM |
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I feel the banning of crypto by Wechat is based on some ulterior motive of the platform. I wouldn't be surprised if they eventually decided to created their own cryptocurrency for use within their platform, after all, Facebook has done something similar. Let's keep our fingers crossed.
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akeegan
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July 09, 2019, 06:53:46 PM |
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I got banned by wechat just for mentioning the word crypto. I just hope more people adopt Elixxir as a wechat alternative that is actually private and decentralized
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Jeremycoin
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𝓗𝓞𝓓𝓛
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July 09, 2019, 09:04:37 PM |
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I got banned by wechat just for mentioning the word crypto. I just hope more people adopt Elixxir as a wechat alternative that is actually private and decentralized
Is this serious? You got banned just by mentioning the word? This is really a douche move they're doing right now. You can't just ban people just because they mention a certain word. I mean, what if they mention the name to state that crypto is bad. Won't it be a statement that they support? I know for a fact that WeChat has its kind of digital currency. But, what's the use if they get rid of the competitors? Are they that scared to get beaten up by the crypto? This could actually be a good opportunity for them to see how electronic currency will prosper in society. But instead, they decided to get rid of it from their field of business. |
faucet used to be profitable |
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erricducducan26
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July 09, 2019, 11:24:09 PM |
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I'm not surprised, it's a chinese service.
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th3nolo
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July 10, 2019, 12:42:04 AM |
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That's really sad.. I can't imagine what will happen with the ads in LocalBTC for Yuan, recently I was searching to buy some BTC using wechat. it had really great prices it's really sad that the govt of China always want to protect their interest. |
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Mpamaegbu
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Once a man, twice a child!
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July 10, 2019, 01:51:35 AM |
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I'm not surprised, it's a chinese service.
The Chinese are really shooting themselves in the foot on this crypto thing just because they want to protect their Yuan currency. It's even more amusing to note that the same Chinese had the highest number of miners (in the last). With the ongoing trade war with the US, it's only a matter of time before they realize how badly the Yuan is hurt. |
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