BOAEDAN
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August 09, 2021, 03:42:27 PM |
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For now, China is a very influential country, and is greatly feared, because of their economic strength, it is extraordinary, so that western countries, Latin America, Central America, even Europe are still afraid of the Chinese economy, even Chinese products such as cellphones, mostly from china, they started to ban bitcoin mining, because they can't control bitcoin under their control..
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fiulpro
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August 09, 2021, 06:25:31 PM |
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I do get the point of China trying to ban bitcoins because they have been trying to dominate the whole market since eternity therefore when it comes to bitcoins, they cannot control bitcoins therefore they are now trying to ban it. At the same time china is trying to launch their own currency therefore bitcoins might be more of a competitor therefore they have decided to take this step. But they tried doing it in the past also, but it did not work. I feel like every other country is now accepting Bitcoins therefore at the end they would have to do not just because of the applications, but also demand and usage.
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uneng
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August 09, 2021, 07:00:08 PM |
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I think that is because the Chinese government does not want their people to know many things that happen out there. After all, that can make their people will doing something. The government wants to make sure their people are under control on their hands while doing many things to limit their access, knowing the world out there. They are very strict to control everything that happens in their country and if their people do not follow what they want, they will disappear in just a second and can do that easily. The government wants to conquer the world, and they are trying to distribute their product to all countries and tells that their product is the best among the other product. Maybe many other reasons that we do not know behind that.
That is communist mentality. They protect their citizens from foreigner influence maximum as possible, so chinese citizens don't get inspired in a point to become a threat to their national government. That keeps the country peaceful and calm, without any internal conflicts like the ones we see in the rest of the world. Countries under constant internal conflicts are result of rival nations' influences which want to destabilize others to thrive. That is how international diplomacy works since many centuries or maybe millenia ago. Chinese government is just using the most efficient strategy they can to avoid this issue, although their citizens have to pay a high price for that.
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Slow death
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August 09, 2021, 08:34:12 PM |
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we have to be honest, the people of china suffer a lot, their rights are impeded, the people of china are not free. how can a government ban Instagram, facebook and watsapp even if they are somehow companies of a certain person who has acted in bad faith in favor of certain politicians or in their interest, but still people are free to choose what they want to use, but the china government uses the force to force people not to use things they like something very bad. I am very happy to know that bitcoin is finally no longer dependent on china
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yazher
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August 09, 2021, 10:24:38 PM |
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that's the performance of the chinese government, if they can't control what they want, the chinese government will definitely do anything to ban it, but if it can be controlled by the government they will definitely be very supportive, i think their people are definitely not stupid and will keep mining bitcoin, and will continue to invest in bitcoin..because the more banned the more challenging..
I think they just being careful about what they want to feed to their citizen's minds because even though it's just a mere movie, it will affect those average people's mindsets. But went overboard about it since they just making it obvious, if things aren't going their way, they won't hesitate to remove it and not just remove it, they completely erase it from their country. Poor miners, I wonder where they migrate after they've been cast out from China. If only El Salvador has enough electricity and security to supply for those banned miners, would have moved to that place.
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Kiley33
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August 10, 2021, 07:46:27 AM |
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Chinese thinking is not very open. They will not accept what they do not understand.
Bitcoin does not require any country or company to reach where it is today, nor does it require any entity to advance from here. It's more like some small countries and companies need Bitcoin, provided that they understand it as soon as possible
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btc78
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August 10, 2021, 07:49:57 AM |
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Just to name a few:
Google
Youtube
Facebook
Wikipedia
Reddit
Netflix
Instagram
Whatsapp
Skype
Quora
Winnie the Pooh
Alice in Wonderland
Even though these things are banned in China, they are thriving in the rest of the world.
If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised, power-obsessed regime. China can play with its digital yuan.
Then why not totally banning Bitcoin ? don't think what is the reason behind it? yeah they are banning mining yet they are not cracking down the use and circulation of bitcoin in their region because the truth is ? their Yuan still needs bitcoin for development and acceptance. Chinese thinking is not very open. They will not accept what they do not understand.
Bitcoin does not require any country or company to reach where it is today, nor does it require any entity to advance from here. It's more like some small countries and companies need Bitcoin, provided that they understand it as soon as possible
it is not just that , they only want to prove the world how dominant they are and how they can ruin the world if they wanted.
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Helen-cty
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August 13, 2021, 07:29:46 AM |
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What's interesting is that these things are banned by China, but Chinese encryption enthusiasts are very active. It's just that the Chinese government doesn't want to apply the things that it can't control widely in their country, so it chooses to ban it in China, but Chinese citizens may not think so.
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sou-kou
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August 13, 2021, 12:00:14 PM |
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Have you noticed that after China cracked down on Bitcoin mining, China’s A-share market began to lively, and a lot of Chinese funds have entered the Bitcoin market, but A-shares are still the leader of the altar, so whoever refuses to accept it?
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CLS63
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August 13, 2021, 12:08:08 PM |
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Yeah, there is really something interesting about them. They banned all social media like Facebook, Twitter, Instagram etc. and developed their own version. People started to use those versions rather than the global ones. They are living in their own world as they have disconnected from our world. I really wonder why they are doing this. Don't they trust the global versions really? They actually like to ban some other things also. For example, they have banned cryptocurrency mining now. Miners have to shift their work to other countries if they want to continue to do their work. It's like they are allergic to things that come from other countries.
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Kong Hey Pakboy
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August 13, 2021, 12:55:07 PM |
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What's interesting is that these things are banned by China, but Chinese encryption enthusiasts are very active. It's just that the Chinese government doesn't want to apply the things that it can't control widely in their country, so it chooses to ban it in China, but Chinese citizens may not think so.
Yeah no shit, they're banned in China, that's in the title already so thank you Captain Obvious. I don't believe your claim though, that crypto enthusiast in China are active, do you have any data to support that claim? Also, their citizens are alright with this, they are a lost cause because they've been drowned in propaganda already.
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Marvell1
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August 13, 2021, 01:42:41 PM |
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Google, Facebook, Instagram... most of them are companies from the USA or from USA allies. Perhaps the political antagonism between China and the West has caused these bans. China is an authoritarian country they want to control everything. Bitcoin's decentralization is perhaps their most feared enemy because of its inability to control and destroy bitcoin. Their ban on bitcoin cannot affect the development of bitcoin, but certainly won't let bitcoin destroy their centralized control that has been established for hundreds of years.
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Distinctin
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August 13, 2021, 02:32:51 PM |
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Google, Facebook, Instagram... most of them are companies from the USA or from USA allies. Perhaps the political antagonism between China and the West has caused these bans. China is an authoritarian country they want to control everything. Bitcoin's decentralization is perhaps their most feared enemy because of its inability to control and destroy bitcoin. Their ban on bitcoin cannot affect the development of bitcoin, but certainly won't let bitcoin destroy their centralized control that has been established for hundreds of years.
China is considered a very progressive country because even in bitcoin mining alone, their profits is definitely huge compared to other countries who also do mining. But since bitcoin is fully decentralized, their being authoritative is not recognized so they resorted into bitcoin banning. At first, the decision of China created a negative impact into the crypto market but later on, bitcoin started to recover again. And if this bitcoin mining is not allowed in China, then maybe those nearby countries will benefit from it. China is just only good for promotion but the moment they realize the progress is not controllable anymore, banning makes easy for them.
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alviemery96
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August 23, 2021, 08:44:31 AM |
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i think what you are saying is true if china gives up on BTC mining and then china storage supply decreases then china market manipulation will decrease and of course we will grow easily more without depending on Chinese whales, which would be great for all of us.
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mrongos
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August 23, 2021, 09:31:00 AM |
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many great things are banned from censorship, or restricted in China, if China wants to, I think that the nature of the government like that is very unreasonable, because their people need freedom, in finding their own income, if bitcoin is restricted there maybe the Miners will move to other countries to do mining, but unfortunately their own people always live under the pressure of their government, because whatever they want to do is always limited.
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macson
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August 23, 2021, 04:30:41 PM |
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snip
China is a strict communist country so all the rules set by the government are absolute. If the Chinese government wants then they can regulate the lives of their citizens in as much detail as possible. banning Bitcoin mining is stupid IMO, i'm thankful i'm not from that country.
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Fortify
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August 23, 2021, 08:22:24 PM |
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Just to name a few:
Winnie the Pooh
Alice in Wonderland
Even though these things are banned in China, they are thriving in the rest of the world.
If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised, power-obsessed regime. China can play with its digital yuan.
The elites of the CCP in China are afraid of their own people, that they might rise up and overthrow them. The best way to prevent that from happening (in their minds at least) is to control the flow of information. However history has shown that people do not like being dominated. The CCP used the abundant cheap labor of their people to become the worlds factory, which is more a credit to the population than the leadership. It has actually had massive growth over a few decades but the CCP consider the natural economic cycle of boom and bust to be unacceptable - however it is an inevitable reality that bust will come eventually and that is what the politicians there fear the most. Good leaders should not fear a few years of economic pain because it is a natural correction needed to treat excess.
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Tim-BTC
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August 24, 2021, 02:47:29 AM |
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Even though the Chinese government banned the OP's listing, it did not prevent citizens from using it. Bitcoin has no effect. Except for a short-term callback after the news came out, my Chinese friend said that there is no effect, and Bitcoin can still be traded freely.
For Bitcoin, suppression by any country is futile.
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