Post
Topic
Board Speculation
Re: Insider: China gov warns citizen about the incoming crack down on exchangers
by
ImI
on 06/11/2016, 22:56:44 UTC
China is not venezuela.

no but a crackdown could be even harder to organize for them. chinese folks i had contact with told me their government sucks when it comes to actually manage this vast country, in good parts of it there is basically anarchy.

over 85% hash power are located in China.

no big deal. mining power is there cause of low electricity costs. if they go after miners, diff drops and miners in us, iceland, elsewhere get profitable. could even be a good thing as it would certainly mean less decentralization.

China is not venezuela.
over 90% trading (fake or not) volume is in China.

fake volume is just that: fake volume.

Almost every (> 90%) pumping money come from Chinese.

thats just an assumption. imo chinese exchanges follow western exchanges and not the other way around. but of course no one knows exactly what actual money flows are coming from china.

Since the "warning" are already out, i guess it will happen really fast.

i guess if save this thread and push it again in one year from now nothing of substance will have happend expect that your account will be abolished at that time. i have seen hundreds of those folks in my years in bitcoin, they die as fast as they pop up. otherwise you could have used your real account, but you didnt. why so? cause you are afraid of ruining your reputation with spreading stuff like that. thats why.