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Author Topic: CHINA CANT BAN BITCOINS!!  (Read 3245 times)
franky1
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March 29, 2014, 09:43:33 PM
 #21

show me source. that is not a media article.

if you look at the sources you will see the december announcement mentioned april as the deadline date for the changes. and that the march announcement is simply a reminder to the deadline..

prove me wrong!


Stop talking about December announcement which is outdated information. What Bitcoiners worry about now is POSSIBLE new crackdown.

Of course i have no official statement from central bank to confirm that media articles, that's why i constantly use the words 'possible' and 'possibly'.

But do you have any OFFICIAL WORDS from PBOC to deny that article dated 27th March ? Zero.

Caixin is a reputable news service about finance in China. Many Chinese say that the reporter of that article is daughter of Vice Minister of Finance. Those information is enough to make many people believe this rumor to be true.
show me the article dated 27th of march on http://www.pbc.gov.cn/ (the official source) and ill declare you the winner.

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Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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March 29, 2014, 09:52:00 PM
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show me the article dated 27th of march on http://www.pbc.gov.cn/ (the official source) and ill declare you the winner.
Apparently you don't know how China's departments and agencies work. They don't publish every paper work to media.

That rule might be sent from PBOC to all Chinese banks as an internal announcement. That's why they don't make it as public statement and we'll have to wait till April 15th to know exactly.
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March 29, 2014, 09:57:46 PM
 #23

Ok about this matter: I still can't understand why someone is talking about this. How can you "ban" a crypto packet sent from an encrypted client to another encrypted client containing an encrypted quantity of numerals in echange for an unknown service or asset between two unknown individuals/organizations?
And while im at it, How can Japan, USA, et at possibly dream about taxing this?
Im missing something?

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franky1
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March 29, 2014, 09:58:28 PM
 #24

show me the article dated 27th of march on http://www.pbc.gov.cn/ (the official source) and ill declare you the winner.
Apparently you don't know how China's departments and agencies work. They don't publish every paper work to media.

That rule might be sent from PBOC to all Chinese banks as an internal announcement. That's why they don't make it as public statement and we'll have to wait till April 15th to know exactly.

ok quote me their words, spoken in a interview or a memo or a video conference. something that is not just a media story of misrepresentation.

... i await your proof. if no proof is supplied that has ACTUAL QUOTES, then you have nothing to add to this conversation and are simply adding to the existent FUD

Ok about this matter: I still can't understand why someone is talking about this. How can you "ban" a crypto packet sent from an encrypted client to another encrypted client containing an encrypted quantity of numerals in echange for an unknown service or asset between two unknown individuals/organizations?
And while im at it, How can Japan, USA, et at possibly dream about taxing this?
Im missing something?


you cant prohibit bitcoin protocol. just like you cant prevent people in the early 20th century from consuming alcohol (the prohibition era) the only thing they can do is to stop the access. by closing individual distilleries

same with drugs, they cant stop people injecting or smoking or sniffing it up their nose. they can only attempt to block drug dealers supplying it by freezing their bank accounts.

but the whole banning citizens is just speculated FUD anyways, so not worth worrying about

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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March 29, 2014, 10:09:27 PM
 #25

show me the article dated 27th of march on http://www.pbc.gov.cn/ (the official source) and ill declare you the winner.
Apparently you don't know how China's departments and agencies work. They don't publish every paper work to media.

That rule might be sent from PBOC to all Chinese banks as an internal announcement. That's why they don't make it as public statement and we'll have to wait till April 15th to know exactly.

ok quote me their words, spoken in a interview or a memo or a video conference. something that is not just a media story of misrepresentation.

... i await your proof. if no proof is supplied that has ACTUAL QUOTES, then you have nothing to add to this conversation and are simply adding to the existent FUD

ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.
franky1
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March 29, 2014, 10:31:19 PM
 #26

ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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March 29, 2014, 11:03:17 PM
 #27

Much the like torrent robbed corporations of their power to enforce copyright law, cryptocurrency strips nation-states of their power to enforce currency and tax law.

We are entering a new age of individual liberty and justice for all. Bitcoin is the democratization of money, and there's nothing anyone can do to stop it.

This is the most exciting technological advent to happen in any of our lifetimes. Cryptocurrency is the most subversive technology on the planet.

What is it with you and copyrights?  Do you feel its your right to take something without earning it
just because you can?  Do you feel no one should pay for music or movies?
If everyone thought that way, there would be no more major motion pictures, decline of music (which is already happening) etc

hjdt4fd1
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March 30, 2014, 05:48:50 AM
 #28

Now the news has not really had to say in Bitcoin will be banned.

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March 30, 2014, 08:24:48 AM
 #29

This is unconfirmed rumor, but it can reduce the Bitcoin, then a large number of acquisitions.

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March 30, 2014, 08:31:05 AM
 #30

they will not ban btc... bad things would happen... riots.. robberies.... earthquakes... flooding... they want a share of the cake...
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March 30, 2014, 08:50:55 AM
 #31

They can try to ban bit coins. Or don't.


It ultimately doesn't matter - china is irrelevant in the long term. There's whole world out there and US is still very much in the game albeit with a bit more regulations.


Funny how the chinese are trying to kill BTC while your 'hated uncle sam' is spearheading a corrected, level headed management of crypto which will see its integration into mainstream financial audience.


Cowards bark when wind is on their back, but come running back to daddy when shit really hits the fan. Still bitching and moaning in smaller voices though Cool

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March 30, 2014, 08:54:37 AM
 #32

ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day


I concur with this statement.
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March 30, 2014, 09:23:03 AM
 #33

I also concur.
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March 30, 2014, 09:46:40 AM
 #34

What is stopping mainland China from having Bitcoin ATMs?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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March 30, 2014, 02:18:04 PM
 #35

Sometimes I think they are aliens not humans and reading peoples mind for your private keys is not a problem for them
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March 30, 2014, 02:59:28 PM
 #36

ok so do you have any official statement from PBOC to deny that 'FUD' ? show me the ACTUAL QUOTES that say the rumor was a lie !
yeah you can't since central bank neither deny nor confirm. It's not a fud, it remains a rumor as long as no official information.

You'll never know util BTCChina and Huobi give out a statement saying that their bank accounts was forced to close.

flawed rebuttle you have,

the memo's you speak of went to BANKS and institutions and not exchanges. it was a reminder of the deadline.

BTCChina and Huobi have only received information to get licence in accordance to the telecommunications regulations.

no where on earth does it say citizens cannot trade bitcoins through their bank accounts.

try googling
关于进一步加强比特币风险防范工作的通知

which is the chinese for the name/title of the memo sent to banks. ignore the search results from media. and have a nice day


Honestly i hope you're correct and i'm wrong, because i'm also a Bitcoin holders just like you.

You are constantly arguing me with old information from December ban. I repeat again, we're facing with POSSIBLE brand new clampdown.

Apparently you don't know how chaotic it is on China coin market right now. Chinese keep dumping because they believe the rumor to be true, and yeah those Chinese traders have better picture about what's happening with them, they have more more about this rumor than us.
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March 31, 2014, 04:11:10 PM
 #37


The huge amount of BTC being bought in China (just watched 200BTC bought in 2 minutes on Fiatleak) does make one question reports of a ban.  It certainly could be that the news report was a repeat/reminder of the Dec announcement being deliberately misrepresented by journalists for hits or for market manipulation.



Honestly i hope you're correct and i'm wrong, because i'm also a Bitcoin holders just like you.

You are constantly arguing me with old information from December ban. I repeat again, we're facing with POSSIBLE brand new clampdown.

Apparently you don't know how chaotic it is on China coin market right now. Chinese keep dumping because they believe the rumor to be true, and yeah those Chinese traders have better picture about what's happening with them, they have more more about this rumor than us.

They're dumping, but someone is there sucking up the cheap coins, if everyone in China were dumping right now you can assume that prices would be significantly lower. 
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March 31, 2014, 04:16:02 PM
 #38

You know fiatleak shows buys and sells as coins in to a country right?

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March 31, 2014, 06:26:19 PM
 #39

You know fiatleak shows buys and sells as coins in to a country right?

Yup, as well as other volume-related issues. However, though the price is dropping, there's still a buyer for every seller so far (or at least, there seems to be). Just how long can delayed reaction go in the PRC?  Am I incorrect to expect that buy orders would pull out and there would be a faster drop?

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March 31, 2014, 06:37:02 PM
 #40

Bacon is now banned.  That is all.

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