Ninjastic
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Re: Chinese miners rejecting transactions originating in the US
by
kiklo
on 13/11/2016, 10:17:44 UTC
Quote from: ranochigo on November 13, 2016, 10:13:31 AM
Quote from: kiklo on November 13, 2016, 10:00:40 AM
Quote from: deisik on November 13, 2016, 09:55:29 AM
Quote from: odolvlobo on November 13, 2016, 09:26:20 AM
How would they determine where the transaction originates?

Maybe, by web wallets from which the transaction is coming? I guess a lot of bitcoiners are using the Coinbase web wallet (I use it too, for the record) which is the US company, so the Chinese miners may just start rejecting all transactions that are coming from this wallet. I also suspect that a few other notable web wallets (Xapo anyone?) are also primarily the US companies...

There may also be American exchanges and mixers which could be heavily hit by this

All Exchanges keep track of your Name / Email Address  /IP Address , even if you use a fake name and email, using cross reference techniques your location can be determined by your IP alone.
All China has to do is get an approved list of BTC address from the Chinese Exchanges and just block the rest.
EASY.

 Cool
So everyone else but China will get their transactions confirmed slowly? Slowing down the adoption rate and crash the price? Wow. Chinese miners who are looking for profit will DEFINITELY agree to this.

Are you Married?
Have a kid?

Do you think those guys running the mining pools , don't have someone they love in China?

Do you really not understand the Chinese Officials will harm or in prison their loved ones.

Grow the F. UP !
https://www.thesun.co.uk/news/1799086/former-prisoners-reveal-horrific-torture-taking-place-in-chinese-prisons/

 Cool

FYI:
If you don't know there are more important things in life than Profit, then I pity you.