Quote from: lonelybitcoin on May 03, 2015, 03:54:44 PM

China and The US are the biggest bitcoin markets. If bitcoin would get banned in china, all the mining power from china and the companies would shut down(Bitmaik for example).
If they do it. Bitcoin will probably die...

i don't think so, by the time the diff will reduce, new machines will take the place of those china farm, many from casual miners hoping for a greater return in that short time, the price should drop a little because of the panic

you need much more than that to kill bitcoin(i do think that you truly cannot kill it in the more deep meaning of the word)

Quote from: madken7777 on May 03, 2015, 03:57:42 PM

Quote from: Amph on May 03, 2015, 03:54:26 PM

couldn't they just keep using exchange(only those that don't require id) via vpn/vps, for avoiding being tracked back? it would be a solution to the ban, but for the taxation i don't know(there definitely a few, but i'm not sure...), you need another kind of subterfuge

Bitcoin is still a currency that is depended on the banking industry. It isn't a standalone currency like gold or other metal.

this only because we keep dumping it on fiat instead of bartering it with goods