Ninjastic
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Board Securities
Re: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon
by
arnoldsz
on 05/08/2013, 18:51:00 UTC
Quote from: kokojie on August 05, 2013, 06:37:07 PM
Quote from: arnoldsz on August 05, 2013, 06:14:13 PM
Quote from: oxfeeefeee on August 05, 2013, 05:53:43 PM
Quote from: arnoldsz on August 05, 2013, 05:29:31 PM
Chinese government just shot a guy to death last month since they thought he runs a Ponzi scheme

I see what you're talking about, there was a guy got executed, and there were a lot of protests, because people think he didn't deserve death penalty, because he didn't get to see his family before executed, and probably because we don't have judicial independence here.

But he was running a Ponzi scheme.

I have no interest in defending the Chinese government but your words are misleading, and I have to explain to the westerners what happened.
actually he is not. Chinese government took his property so he can not pay the debt, which makes it look like a Ponzi scheme, but it's not. he didn't waste money he borrowed, he has a big real estate company, and all real estate companies in China profit a lot.

Yep, and this has happened before many times. When you get rich in China, without proper background, your money will soon be confiscated one way or another.
So, Chinese rich guys will all accept Bitcoin sooner or later Grin