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?
Damn that is so cruel. But what you say it's true, we should not panic and keep calm down. We are not quite sure about anything yet, and we are sure that China is not the only powerful country in the world. There are a lot of country that working on BTC, so we should not worry to much. But if this news is true, then how can they block all the BTC transactions ? Are they block the sites or what ? If they block they sites, then people in China can still use VPN or proxy right ? Or something else to unblock the sites.