Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 19/01/2018, 11:39:36 UTC

Why would China not ban bitcoin?  How does bitcoin help China in ANY way even if they wanted to use it?

They have 1 billion fucking people and bitcoin doesn't scale to service a small town with one gas station, let alone China.  This thread is mostly a giant echo chamber of technically illiterate people, so they don't know Lightning Network can't function in a decentralized manner whatsoever (not that bitcoin itself functions decentralized either).  Before he became a scammer and disappeared, people who actually know what they're talking about like Death&Taxes mentioned problems like this too.  

I recently explained 10x better why LN is a complete dead end unless your goal is to recreate the already existing banks:

https://bitcointalk.org/index.php?topic=178336.msg28305541#msg28305541