Hey everyone,
Recently Forbes ran an article illustrating how blockchain technology has beat one of the biggest authorities on earth... the Chinese government.
Did you see it already?
http://go.openmoney.digital/6kj2The China ban isn't stopping the progress of crypto, something of this size can't be ignored. Their investors are flocking to neighbouring countries to invest and setup shop. Cryptotrain can't be stopped!
I think China's "ban" was just the ground for promotion of their own government crypto in near future, not less not more. This problem was very fast solved by reopening the same companies and exchanges in Hong-Kong and other countries with favorable crypto climate.
Well, the premise here is that the Chinese government do fully appreciate the blockchain technology (they are taking advantage of the technology fully and we will see this in the coming years) but they hate something they can never fully influence and control which is Bitcoin so the solution is to introduce their own version of Bitcoin...but as to how it can be successful that would be the question and we will see how far it can go...as far as I can see it would just be the digital version of their national currency nothing more nothing less.
Anyway, what we are seeing here is that despite the ban on ICO, Chinese investors can always find the ways to get into good projects worth supporting like OpenMoney and in this case there is nothing that the government can do unless they would be assigning 1 policeman to each citizen to stop anybody from engaging in cryptocurrency.
I quite agree on the fact that the Chinese government banning bitcoin and ico is as results of not being able to control the operation of its existence. And also, am sure in a later wake these fellows of yours will come issuing their own national e-currency.
For Open Money put cryptocurrency mainstream is awesome mostly going through the road map for app development. It sure tells that every app going to the app store will have possibilities of carrying a cryptocurrency awareness with it.