Post
Topic
Board Bitcoin Discussion
Re: China thoughts and data. Much more impact than we think?!
by
musicman90
on 09/09/2017, 20:51:05 UTC
Well its no surprise to me. The chinese were very quickly in on the whole Blockchain thing right from the start. The largest promotions in the early years of the technology all happened in China and they have been an economical superpower for quite long now. Of course a permanent ban would be felt, that is for sure. But right now its only a temporary ban of ICOs until they get proper regulations. Nothing to worry about at all.

I'd say in EU the knowledge of cryptos and blockchain is very very small unless you're in the tech business. Only reason I even remotely heard of it is because I work in tech and a CEO (at a fintech event) was promoting and hyping Blockchain technology as a huge thing for the future, that was in 2012 or something. If you're outside of tech/fintech there is a slim chance that you even know anything about Bitcoin or Blockchain tech.

But all in all, thats a good thing. Just think of the potential the technology has when it spreads

Thanks for your thoughts, it's not so much the ICO ban that concerns me, more the possible closure of the three exchanges that control pretty much the entire market. I confess that I am one of those that knows very little about the technology behind blockchain and cryptocurrency. I work in the music industry! However I have known about BTC for a long time and what excites me is the fact that it is now getting to the stage where non tech types are getting involved which shows that widespread adoption could be achieved... But only if the price continues on an upward curve in order to build excitement.