kotik085
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December 29, 2019, 11:50:11 AM |
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I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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ohyeahhaha122
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December 29, 2019, 01:18:22 PM |
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I think it will be possible, and maybe in the first place, you can see a lot of blockchain projects from China and exchanges, especially with binance being the top 1 exchange also in China, and those who The country's leader is also paying a lot of attention to cryptocurrencies, seemingly China occupies a huge part of cryptocurrency development.
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FlightyPouch
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December 29, 2019, 01:34:54 PM |
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I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
Bitcoin is banned in China. So I don't think that they will accept it in the future. The technology, blockchain might be used there but in terms of bitcoin and other crypto currencies maybe not. I read an article saying the government of China cracked down the miners but still, as far as I know, China has the largest population of miners. |
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iamsheikhadil
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December 29, 2019, 02:28:03 PM |
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It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
I don't think so because it might kinda seem like that for now because of so much volatility of Bitcoin but surely Bitcoin will be stable once it becomes more mainstream and acheves a higher value. We will surely see it having a chance to become a primary payment option. |
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Edraket31
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December 29, 2019, 02:29:51 PM |
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I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
Bitcoin is banned in China. So I don't think that they will accept it in the future. The technology, blockchain might be used there but in terms of bitcoin and other crypto currencies maybe not. I read an article saying the government of China cracked down the miners but still, as far as I know, China has the largest population of miners. As far as I know Bitcoins is not banned in China, they even have a lot of crypto exchanges in the market, they just once banned crypto mining but as far as I know it is now settled and according to the statistics, China is one of the top holders of Bitcoin all over the world, but to accept as a currency, I think it is impossible for now. |
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Asuspawer09
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December 29, 2019, 02:44:05 PM |
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China, in my opinion, is one of the powerful countries in the world and when it comes to technology there is no doubt that China is one of the front-liners I think if there was a possibility that China is going to adopt bitcoin I think bitcoin is going to be a great currency for china but I think China could also create their own cryptocurrency that only Chinese people could use I mean this is what China is going to do if they are going to create a one cryptocurrency for their country. But I think bitcoin as a currency for China was already a great thing but still there is no assurance since we know that China has a big issue when it comes to bitcoin.
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ChronoLite
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December 29, 2019, 03:13:20 PM |
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I don't think so because it might kinda seem like that for now because of so much volatility of Bitcoin but surely Bitcoin will be stable once it becomes more mainstream and acheves a higher value. We will surely see it having a chance to become a primary payment option.
bitcoin won't be stable in the future, it's not bitcoin if it would have become stable because of its behavior. volatile is a must for bitcoin that is what makes bitcoin unique other than other assets such as stock market and gold. about that primary payment option, on some countries currently they actually do it like Japan. |
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Polar91
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December 29, 2019, 04:36:29 PM |
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It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
For the mean time yes, it could be an alternative payment system but if we are to look beyond the future based on its potential, it could be the biggest investment for people that will believe on it from its early days such as now. Why? With the increasing potential of market price increase in the future, there's no doubt the bitcoin halving in the next consecutive 4 years will drive the price surely way up high. If we are just always there to support it, this could be possible but in terms of being the main payment system, I don't think so, unless the lightning network could be published and the transaction fees could be lowered a little more. |
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k@suy
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January 01, 2020, 11:38:08 AM |
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Occasionally negative news about bitcoin comes from China. China or another country cannot declare bitcoin as the only currency. It can be a unit of value with bitcoin. States can accept bitcoin as a value store, such as gold or silver.
I think the country of china will accept cryptocurrency as their mode of payment. Because cryptocurrency us the best and easiest way to collect and transfer money. And I think china wants for what is the best and what is the easiest way. China is the most powerful and succesful country their country have a lot of transactions regarding their works and activity so I supposed that they will love to adopt the cryptocurrency. |
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Mpamaegbu
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January 01, 2020, 12:03:32 PM |
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For me, I don't give a hoot if China accepts Bitcoin or not. Whenever I remember that infamous ban of Bitcoin by the Chinese government in 2017, I feel disgusted towards China. So, if they want to make a U-turn from their previous stand now that the rest of the world is making a go for mass adoption should be immaterial to the Bitcoin community, honestly. Shame on China.
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2legit2
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January 01, 2020, 12:48:56 PM |
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I think by now we all know that china likes owning their own things. Everything from works to people themselves. So it is not going to be a surprise to see them creating their own coin which will be centralised as hell. But overall, I do not think it would be a bad idea for the Chinese government to accept bitcoin. That would further cause further adoption of the coin, yielding to a greater value of the price of the coin. Also would benefit China to become a better country
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LiquidSedona312
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January 01, 2020, 01:02:51 PM |
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China is far ahead in terms of technology. China does not accept bitcoin. China plans to bring its new currency to the international market. And with that currency, they decided to complete their transaction. But I do not think their currency will get the status of the global market. Bitcoin will control the international market.
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tungaqhd
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January 01, 2020, 04:09:24 PM |
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I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
I think you are wrong because Blockchain technology has many advantages not only cryptocurrency. Moreover Bitcoin is already limited in China(buy/ sell, mining) so it's really hard for Bitcoin to be accepted there. |
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bobitza
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January 01, 2020, 04:16:19 PM |
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From the outset Bitcoin was soon developing in China. This place has a lot of people involved in the cryptocurrency market. And China has also accepted cryptocurrencies as a currency. Right! China is actively building a cashless society. Even roadside food stalls in small towns prefer to use mobile payment applications rather than actually paying cash at the counter. China has created its own digital currency.
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diazepam666
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January 01, 2020, 05:04:05 PM |
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first of all china does it accept most of the centralised businesses like google youtube once upon business entity inside their country. But if we see the number of investors most of the people are from China for sure.
Possibly in 5 years we can find Chinese government accepts Bitcoin.
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btccashacc
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January 01, 2020, 11:20:38 PM |
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China doesn't accept bitcoin as a currency, you can literally pay anything inside the country with Alipay or wechatpay and they might be the world's first cashless society. So they will not accept bitcoin as a currency or payment method at least in 10 years. China might dominate the bitcoin industry but it doesn't mean they accept it as a currency. So far I can see China will be the mining center of the Bitcoin.
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TastyChillySauce00
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Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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January 01, 2020, 11:23:32 PM |
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It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
aside form that they already form a fully functional cashless society with their own regulated digital payment and this is hard market for bitcoin to penetrate. Bitcoin will always be an alternative payment that are used rarely because even the government there is not in favour with the existence of bitcoin it's just simply impossible for bitcoin to even become a minor payment method there. |
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cutesgirl
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January 02, 2020, 12:15:03 AM |
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China doesn't accept bitcoin as a currency, you can literally pay anything inside the country with Alipay or wechatpay and they might be the world's first cashless society. So they will not accept bitcoin as a currency or payment method at least in 10 years. China might dominate the bitcoin industry but it doesn't mean they accept it as a currency. So far I can see China will be the mining center of the Bitcoin.
China want to create their own currency and not possibility accept bitcoin as currency payment, they have banned bitcoin as legal currency payment and investment last two years ago and many ICOs or mining project company have close there after China not allowed using bitcoin as legal currency payment, next day they will not receive bitcoin anymore. |
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WRAOUF
Jr. Member
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Activity: 37
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January 02, 2020, 02:52:21 PM |
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After banned last two year possible or not China want to accept bitcoin again, how ever China have been banned bitcoin as trasaction payment at their country and many mining project closed there because not have regulation by their government, less chance to see bitcoin become legal in China for several years again.
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GideonGono
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January 02, 2020, 04:30:02 PM |
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They may have squash it years ago but things change, I guess during that time they were just spreading fud and have bought more BTC all for their investment.  The government of China is now working with some crypto projects such as GOOSEQ which is a logistics related project. Since they are doing this right now, they may be able to support more projects. The developers in the country is taking it very seriously like this Goose Q which also partnered with big telecom in providing Simcards for the truck drivers in their project. China want their own way of getting to develop their country to be more powerful. I think they see some side of bitcoin that can help them for something that's why before they do ban on it then now they use it again. So it has a good possibilities that another country who ban bitcoin has a potential to unban it also if they encourage on how bitcoin or crypto can help their country as well. |
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