Post
Topic
Board Hardware
Re: stuff heard at bitcoin2013
by
dogie
on 21/05/2013, 05:17:08 UTC
China doesn't really have "Rule of Law".  Government can crack down when it wants to crack down, or change it's mind and push a positive Bitcoin story on it's evening news.


Being that using bitcoins is actually illegal in china, its a valid concern.

Proof?

it's been discussed on other parts of the forum. Also easily searchable on the internet.

http://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/

I don't think its enforced much. But hey its china who knows what they can do overnight. People forget its not a democracy.

Totally agree , just pointing out they need to be more careful there since there is a precedent for virtual curerenc rules. I can see them banning it overnight, and unlike here in theUS they wont need to run it through congress and whatnot

Yifu talks about this briefly in  video 2 around the 8 min mark.

That wouldn't be too hard in the US. Just say something like "Bitcoins blah blah links with terrorism blah blah DEY TRYIN TO TAKE OUR GUNS" blah blah