alyssa85
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December 15, 2019, 01:02:45 PM |
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That's not 100% accurate, China is already like 70% Cashless, China isn't against the Blockchain industry, China i simply against anything that make it it unable to trace your transactions, that's all. It's already Big Brother i watching you since decades, they won't let it go for Blockchain or anything else, it is what it is.
China has capital controls, so it is against anything that allows you to take money out of China without the permission of the Chinese government. Bitcoin, Tron, ETH and others are all decentralised and can be sold for dollars outside China. So China will ban anything that you can buy with yuan in China and then sell later for dollars outside China.
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judaspriest
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December 15, 2019, 01:51:11 PM |
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I think shutdown the Weibo account owned by Tron and Justin Sun is just a small thing done by the Chinese authorities. We know Justin is an influencer who is quite well known in the crypto industry, but some of his statements and actions are often controversial and many people get lost and trapped by it.
Everyone knows that China is a big country and is very advanced in any field, in the case of crypto or blockchain China must have other plans to become winners and possibly become the center of crypto, just like now that almost controls the world economy.
surely this is what is wrong with Tron and Weibo? do they not have a reason why the CEO Tron account was deleted? when this news spread Tron prices continue to fall until now
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Clement Kaliyar
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December 15, 2019, 01:55:26 PM |
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I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market.
I really do not think that it will happen around the globe, there are third world countries that are struggling and going cashless by the government does not even mean going the crypto way and it is not a big surprise that China is taking this approach and is it even a big news news as Justin Sun just likes to be in the media attention all the time and what is he doing in this market that needs to give him this much special attention ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) .
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bitcoindusts
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December 15, 2019, 02:01:27 PM |
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For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market.
I do not think China will suffer on this action. As of now cryptocurrency especially TRON has little to no affect on China's economy. Can you list anything that this TRON done to help China economy boom? I guess there is none. Aside from that China is actually embracing blockchain technology and even plan to launch their own cryptocurency and probably that is the reason why they are actively banning any other cryptocurrency. Though this might be a bad news for those TRON supporter but I think there is nothing to do about it.
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Periodik
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December 15, 2019, 02:02:32 PM |
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That's not 100% accurate, China is already like 70% Cashless, China isn't against the Blockchain industry, China i simply against anything that make it it unable to trace your transactions, that's all. It's already Big Brother i watching you since decades, they won't let it go for Blockchain or anything else, it is what it is.
China has capital controls, so it is against anything that allows you to take money out of China without the permission of the Chinese government. Bitcoin, Tron, ETH and others are all decentralised and can be sold for dollars outside China. So China will ban anything that you can buy with yuan in China and then sell later for dollars outside China. China is too fearful that a portion of their wealth will go out from their territory. This is so Chinese an attitude. Even Chinese families do not want anybody to marry someone else not Chinese so that their wealth won't get outside their web. This is also what the government is doing. Justin Sun may have earned the ire of some powerful people up there. This young man has been very vocal about his project and crypto. Someone is not happy about it. The Chinese government may not be happy about it.
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CarnagexD
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December 15, 2019, 02:38:47 PM |
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I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market.
I really do not think that it will happen around the globe, there are third world countries that are struggling and going cashless by the government does not even mean going the crypto way and it is not a big surprise that China is taking this approach and is it even a big news news as Justin Sun just likes to be in the media attention all the time and what is he doing in this market that needs to give him this much special attention ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) . I agree on this one, we have been seeing first-world countries adopting the use of cryptocurrency in fiat alternative like Germany, Ukraine, US, China etc. it wasn't surprising at all seeing countries like that are adopting the revolutionary currency. For third world countries, I think they are just spectating the evolution happening with the currency since first world countries can somehow afford to lose on implementing this. China has been very active on innovation, no wonder they will be going to be cashless ( 90%) eventually.
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wajik-tempe
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December 15, 2019, 02:46:46 PM |
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TRON founder Justin Sun has had his personal Weibo account shut down by Chinese authorities. This comes about a month after the official TRON account was banned, as BeInCrypto has previously reported. It appears that China will continue to promote blockchain but clamp down on actual cryptocurrencies.
The news came to Twitter via Dovey Wan (@DoveyWan), who announced that the account was offline and added that she was “not surprised,” as Sun has been very vocal about his company and the recent lunch he was supposed to have with Warren Buffet, though the meeting never took place. Click here to read the full newsOh well, here goes another Justin Sun news!After Weibo shuts down the official account of TRON, Justin Sun was their next victim after a month. China has been pro on the disruptive blockchain technology, but may never be in actual cryptocurrencies like TRON. For me, I think for sure that China would be “truly left behind” in the 4th industrial revolution if they do not start adopting or embracing Bitcoin and other cryptocurrencies. I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market. China really want to surpass bitcoin in terms of blockchain, they're creating their own blockchain and want to their people not using cryptocurrency anymore instead of using their own blockchain, eventhough their blockchain is not launched yet. But i think they cannot fully banned crypto because there are still many VPNs that they can use to access cryptocurrency markets or wallet if their country banned it.
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Divinespark
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December 15, 2019, 03:45:29 PM |
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TRON founder Justin Sun has had his personal Weibo account shut down by Chinese authorities. This comes about a month after the official TRON account was banned, as BeInCrypto has previously reported. It appears that China will continue to promote blockchain but clamp down on actual cryptocurrencies.
The news came to Twitter via Dovey Wan (@DoveyWan), who announced that the account was offline and added that she was “not surprised,” as Sun has been very vocal about his company and the recent lunch he was supposed to have with Warren Buffet, though the meeting never took place. Click here to read the full newsOh well, here goes another Justin Sun news!After Weibo shuts down the official account of TRON, Justin Sun was their next victim after a month. China has been pro on the disruptive blockchain technology, but may never be in actual cryptocurrencies like TRON. For me, I think for sure that China would be “truly left behind” in the 4th industrial revolution if they do not start adopting or embracing Bitcoin and other cryptocurrencies. I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market. China really want to surpass bitcoin in terms of blockchain, they're creating their own blockchain and want to their people not using cryptocurrency anymore instead of using their own blockchain, eventhough their blockchain is not launched yet. But i think they cannot fully banned crypto because there are still many VPNs that they can use to access cryptocurrency markets or wallet if their country banned it. Of course, they cannot ban people from buying and selling cryptocurrency and using it in their countries. I have seen the Chinese government's 2017 ban on cryptocurrency. There are many projects that have moved abroad, but their people still hold and trade BTC and altcoins a lot, they use many ways to bypass the ban. And so far China has backed Blockchain and cryptocurrency, which is a very smart and wise move from China. They will be at the forefront of the world if they launch their country's cryptocurrency
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CjMapope
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December 15, 2019, 05:02:20 PM |
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TRON founder Justin Sun has had his personal Weibo account shut down by Chinese authorities. This comes about a month after the official TRON account was banned, as BeInCrypto has previously reported. It appears that China will continue to promote blockchain but clamp down on actual cryptocurrencies.
The news came to Twitter via Dovey Wan (@DoveyWan), who announced that the account was offline and added that she was “not surprised,” as Sun has been very vocal about his company and the recent lunch he was supposed to have with Warren Buffet, though the meeting never took place. Click here to read the full newsOh well, here goes another Justin Sun news!After Weibo shuts down the official account of TRON, Justin Sun was their next victim after a month. China has been pro on the disruptive blockchain technology, but may never be in actual cryptocurrencies like TRON. For me, I think for sure that China would be “truly left behind” in the 4th industrial revolution if they do not start adopting or embracing Bitcoin and other cryptocurrencies. I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market. Sun is such a scammer, he will do/say w.e to try add value to the 20 BILLION tron he has unlocking in a few months i think anyone can see that : / ihope the chinese gov crushes him honestly. its dudes like him are the reason Crypto has been so slow for adoption all they care about is piggybacking the tech to get rich ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) fuck justin sun lol
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nelson4lov
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December 15, 2019, 07:20:37 PM |
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It looks like only Justin Sun's account was shutdown. It will interest you to know that Binance and Changpeng Zhao (also known as CZ) accounts are still active. Justin Sun tweeted that everything is SAFU though. China is all out for Bitcoin and other Cryptocurrencies except for their own country-centric cryptocurrency.
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electronicash
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December 15, 2019, 07:41:58 PM |
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you were never tired featuring this justin. made me think people are really interested to think TRON that they want to buy billions with $500. is he selling TRX with this weibo account?
china were doing cashless transaction for years already and with blockchain and the digital currency they are developing, they may completely be the first to be doing it. they however keep isolating their economy from the outside so they will simply create another market which is why they do have their own ranking.
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mu_enrico
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December 16, 2019, 12:51:09 PM |
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ICO is banned in China, and Justin did it with his "questionable" TRON project. If the big fat authoritarian government said that he could not do an ICO, then he should not do it. He has been warned, he understand the risks, and now come the judgment day. Get your popcorn guys!
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nanaimogold
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December 16, 2019, 08:50:16 PM |
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TRON founder Justin Sun has had his personal Weibo account shut down by Chinese authorities. This comes about a month after the official TRON account was banned, as BeInCrypto has previously reported. It appears that China will continue to promote blockchain but clamp down on actual cryptocurrencies.
The news came to Twitter via Dovey Wan (@DoveyWan), who announced that the account was offline and added that she was “not surprised,” as Sun has been very vocal about his company and the recent lunch he was supposed to have with Warren Buffet, though the meeting never took place. Click here to read the full newsOh well, here goes another Justin Sun news!After Weibo shuts down the official account of TRON, Justin Sun was their next victim after a month. China has been pro on the disruptive blockchain technology, but may never be in actual cryptocurrencies like TRON. For me, I think for sure that China would be “truly left behind” in the 4th industrial revolution if they do not start adopting or embracing Bitcoin and other cryptocurrencies. I can sense that within the next decade, we will be going cashless. However, China can ride the wave only in a centralized way. But decentralization is the future (especially for those who are unbanked), as people like us are seeking to take control on what we own rather than the central banks controlling it. For sure, China will suffer and regret in the future about not embracing Bitcoin, TRON and other cryptocurrencies in the market. China really want to surpass bitcoin in terms of blockchain, they're creating their own blockchain and want to their people not using cryptocurrency anymore instead of using their own blockchain, eventhough their blockchain is not launched yet. But i think they cannot fully banned crypto because there are still many VPNs that they can use to access cryptocurrency markets or wallet if their country banned it. I think they want a substantial control over it if we judge by their demeanor. They have tried doing it from outside but they Couldn't. Now they are in the system, I feel they will have a more informed outlook and a better authority over it. Expect more regulations from China
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nanaimogold
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December 16, 2019, 08:55:07 PM |
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ICO is banned in China, and Justin did it with his "questionable" TRON project. If the big fat authoritarian government said that he could not do an ICO, then he should not do it. He has been warned, he understand the risks, and now come the judgment day. Get your popcorn guys!
Yes I remember the rumor making rounds last few months that Justin is under a man and close surveillance and he can't leave China. Which made him to miss the proposed Warren Buffet dinner which he paid so much to arrange. 2020 will be an interesting year filled with drama and positive strides in crypto as well
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Pearls Before Swine
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December 16, 2019, 09:00:26 PM |
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I can sense that within the next decade, we will be going cashless.
You are probably right about that, with all the news about gov'ts limiting the amount of cash people can hold or spend. I don't like it, but that's how the future is headed and I'm sure there won't be much resistance since most people don't spend a lot of cash anyway. What's Weibo? Is that like china's centralized, gov't controlled facebook or whatever? Let china lead the way in destroying their citizens' rights and freedom. They've always done a good job of that and they shouldn't stop now. If only the chinese would rise up and fight for their rights, they wouldn't be such a communist superpower and they could get out from under the chinese govt's thumb.
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