Quote from: PokerFace3 on June 04, 2017, 05:30:40 PM

Quote from: iqlimasyadiqa on June 03, 2017, 03:53:15 AM

Quote from: Doofus on June 03, 2017, 12:26:15 AM

Last Friday, Chinas official newspaper Peoples Daily released an article Bitcoin, a New Form of Digital Gold by Yang Wang. And in an interview, Yang says that after talking with people from the central bank, he believes that the government will define btc as commodity or futures. It is in conflict with the RMB system. And when the PBOC released its own digital currency, most cryptocurrencies would be obsoleted and bitcoin or blockchain startups will move to mobile payment.
http://news.8btc.com/chinas-official-newspaper-peoples-daily-defines-bitcoin-as-digital-gold

If it becomes a reality then this news will be able to help the development of bitcoin in china country, we know that china is country with biggest population in world. Of course this could have a good impact on bitcoin in the world market. The increasing acceptance of bitcoin in a country will make the development in other countries improve.

No doubt that it will be having a very much positive impact on the bitcoin. we also know that the Chinese people are the most interested one in using the bitcoin so, keeping the pressure of public in mind the Chinese government will act accordingly. I am hopeful that the Chinese government will soon accept it for knowing the fact that the bitcoin can have a great impact on the Chinese economy as well.

Have the two of you read the article ?

Quote

Bitcoin is not a currency because it lacks the properties of a real currency. To begin with, a unit of account. I know some would argue that it was born as a unit of account and Laszlo Hanyecz ponied up 10,000 bitcoins in exchange for pizza. But the truth is that it cannot measure the value of all goods like RMB does. Plus, its far from being widely accepted as a currency by people all over the world. For instance, not all pizza shops accept bitcoin as payment.

The article is not too bitcoin friendly but it also does slams eth

They say the total number of bitcoin is fixed, but ETH is like an oilfield and when it is running out, you can always go find another oilfield.

Well, at least that makes me happy cause it might wake up a few daydreamers about the whole eth scheme.