Quote from: ethereumhunter on September 23, 2017, 02:47:56 AM

Quote from: Sahabat_ on September 23, 2017, 02:12:47 AM

Quote from: Bacotan Bae on September 23, 2017, 02:01:50 AM

Quote from: rifatfor on September 23, 2017, 01:01:40 AM

I think China doesn't hate Bitcoin. China hate the decentralized process. there is no way to trace the scammers identity.

I do not think china hate cryptocurrency can be a real money threat. we all know that cryptocurrency is decentralized, of course the Chinese government hopes that they can take full control.

I think the Chinese government does not hate cryptocurrency but they have a reason to ban it.
perhaps they are concerned with the abuse of cryptocurrency as the frequent misuse of ICO scam.
which then resulted in disadvantage to the investors and also the other party.

and i think maybe they are afraid when one or several ico scamming their people because the ico is not always guarantee to the investor can make profit in the end. i think the government can make some regulation to control the ico so the ico can not scamming people although the possibility is always there. with the biggest mining company, i am not sure that chinese government will continue their plan to ban bitcoin and the ico. but i am curious with what happen later and i hope the other country will not affected.

that is very reasonable that many investors of ICO project comes from china, even for some project, majority investors are Chinese. but if you know, there is some another reason besides many ICO Scammed citizens of China. one of that is cryptocurrency (especially bitcoin) could treat china national fiat if the most of their citizens move to cryptocurrencies (especially bitcoin) china local fiat will decrease the value if holders fiat are move to cryptocurrencies in bulk