Imagine that after ppl have burnt their fingers using toasters the state decides to ban toasters. A week later online shops have to stop business within 2 weeks. Some online shops may stay in business for an additional month because they've never sold toasters....
Luckily there's Bisq..
Lucky me for living in Switzerland.
I bet in the long run Chinese government will cut their own flesh, IF they really keep up the ban. Ppl WILL find a way around. No government can design the future. Imo cryptos will be the future of payment.
I do agree but the viewpoint of the Chinese communist government is different. THe Chinese government is a communist government. A true communist is a friend of poor and needy people. But Chinese government is mainly Maoists. They believe in power and not in the rights of the people. So when they saw that people have got their own way of earning, they tried to intervene. Because earning money is similar to earning power.
Chinese government just can't bear that fact that a lot of people is trying to earn a decent living through bitcoin. They are just power greedy animal and trying to stop the bitcoin because they want their people to be dependent on government only. However, bitcoin is not alone dependent on bitcoin because a huge public support backs them up.
Yes mate, you are right. So sad for these Chinese people. But even if they ban bitcoin in china, I am sure that Chinese people will find a way to trade their bitcoins. Hey guys, just think, Japan is their neighbor where bitcoin is legal . Now these Chinese people will use Japanese exchanges to convert their bitcoins to fiat currencies.