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Author Topic: [2014-05-12] Bitcoin is not a naughty child – it challenges China’s national con  (Read 560 times)
C. Bergmann
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May 12, 2014, 03:45:33 PM
 #1

http://bitcoinblog.de/2014/05/12/bitcoin-is-not-a-naughty-child/

Bitcoin is not a naughty child – it challenges China’s national control of its money. It shouldn’t have been born

Quote
A few days before the People’s Bank of China’s (PBOC) critical date, May 10th, five exchanges stated they would regulate themselves. Will this save them? Weiwu Zhang is not very optimistic. He explains what happened previously, and what it means for the situation – and why he thinks that the attempt at self-regulation is not just an act of desperation but, more importantly, a fatal misinterpretation of the Lord’s intentions


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segeln
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May 12, 2014, 06:12:16 PM
 #2

I read it just the first time in the german bitcoinblog.de in german language.
Very interesting article to get an understanding view on things happenning in China by a chinese author
Thanks ,Christoph !
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May 12, 2014, 09:00:48 PM
Last edit: May 12, 2014, 09:26:42 PM by notthematrix
 #3

http://bitcoinblog.de/2014/05/12/bitcoin-is-not-a-naughty-child/

Bitcoin is not a naughty child – it challenges China’s national control of its money. It shouldn’t have been born

Quote
A few days before the People’s Bank of China’s (PBOC) critical date, May 10th, five exchanges stated they would regulate themselves. Will this save them? Weiwu Zhang is not very optimistic. He explains what happened previously, and what it means for the situation – and why he thinks that the attempt at self-regulation is not just an act of desperation but, more importantly, a fatal misinterpretation of the Lord’s intentions

the quention remains how mutch power this lord realy has.
http://www.theguardian.com/technology/2014/jan/21/privacy-tools-censorship-online-anonymity-tools



34% of Chinese using anonymity tools

The Chinese government reportedly employs as many as 2 million "internet analysts" to review and block content deemed politically or commercially inappropriate, yet GWI research estimates that 34% of the country's online population disguise their online location so that they can bypass such filters.

Of those that use VPN or proxies, 60% say they do so to access Google's YouTube video site, and 55% said they use it to access Facebook and Twitter.

The use of IP-masking tools means that size of China's Facebook and Twitter userbase, for example, could be significantly larger than first thought. China's VPN-using audience alone could be as much as 160 million people, many of whom are currently being incorrectly identified as being in another country - usually the US.

Normally, the location of a user's IP address would be used to deliver relevant regional advertising as well as a version of the site in the local language.
Geo-located advertising 'missing the mark'

"VPNs serve a perfect dual purpose for consumers in lots of markets, allowing them to access restricted content and better content as well as stay anonymous," said Jason Mander, GWI's head of trends. "It's a perfect combination and one that is likely to see their popularity grow. It also means that the numbers using sites such as Facebook in China are likely to have been under-estimated, and that geo-located advertising is completely missing the mark for these internet users."

Persanoly the power of the lord is very effective in a central matter , like 1 place a lot of people do a protest.
But less effective in a situation were there are many people , in random places in a huge environment.
furthermore we have the offshore world nice documantairy about that is this one.
https://www.youtube.com/watch?v=d4o13isDdfY (the tax free tour)
This is what will not change , people are very sensitive to any form of "money" and most of the time act different privately then they act publicly....   
Bitcoin is like gold and most chineese know this.
You dont NEED to talk about bitcoin , you just have to whisper it.
The control is lost , if 34% of population is able to bypass  you can conclude the power of the lord is quite limited when it comes to the digital world.
and when it comes to digital money , you have two of both world's
this is why I see no problem for bitcoin in China or the rest of the world.
Its just a matter of time before people learn to adapt to the new decentralized  reality.






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May 12, 2014, 09:24:01 PM
 #4

they have to move in different countries. this is the future in my view.

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