Quote from: BTCMILLIONAIRE on January 19, 2018, 11:46:51 AM

Quote from: realr0ach on January 19, 2018, 11:39:36 AM

Quote from: BTCMILLIONAIRE on January 19, 2018, 11:27:04 AM

On another note, China doing everything it can to screw itself over:

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

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 but didn't go into any details as to why, and I've expanded on this issue 10x more than he ever did recently:

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

Even if every crypto was heavily centralized and functioned as a digital central bank, it'd still be far more decentralized than traditional CBs are, simple by virtue of being interchangeable instantaneously.

You completely ignored the fact that China and Russia are both very clearly going back to precious metals as money. So again, why would they let the west derail their plan with these centralized, imaginary tokens that don't even scale when metals are far better for them and more sound as money anyway?