Post
Topic
Board Bitcoin Discussion
Re: Chinese attempt to block all bitcoin transactions
by
Kprawn
on 19/09/2017, 16:20:29 UTC
Let's not all freak out just yet.  People will find ways around this, including the VPNs and TOR.  If those are blocked, I'm sure a lot of bitcoin users will simply move if they have to and still value bitcoin.  I'm not entirely sure why China is cracking down on bitcoin so hard- anyone?

They want to protect their own local currency {Renminbi/yuan} and stop capital flight. The Chinese government has shown

that it wants 100% control over their citizens and Bitcoin gives citizens hope. {freedom} They will never allow any technology

that would give people some degree of freedom. They have also done the same with other digital tokens in the past, but they

are struggling to do this with Bitcoin, because it is a decentralized technology.  Roll Eyes