Post
Topic
Board Altcoin Discussion
Merits 8 from 1 user
Re: Today's news: Chinese gov restricts Crypto again...
by
PancherBitCoin
on 10/02/2018, 09:23:25 UTC
⭐ Merited by allohha (8)
I understand that China is most likely going to be the biggest obstacle in the Crypto, and time and time again it has been proven to be so. The government there is notorious for keeping funds within the country and attempting to bring in as much foreign cash as possible. Crypto is a big hurdle for them and quite a risk which is only making hiding payments/transactions easier, especially with the likes of Privacy coins gaining traction.
This technology is only getting stronger and more complicated, and history has shown that if people want it, they will get it one way or another (see Torrents, warez, movies).

At this stage I think the best thing you can do is begin migrating or adopting a good Privacy coin and learning how to perform truly anonymous transactions, there are the likes of the TOR network which makes it practically impossible to trace which location the transactions came from and almost impossible to block the use of them. You only need to refer to my signature to see what I am currently using.
I'm sure that there are no desperate situations at all. And even the Chinese government is doing all these restrictions have a very huge overtones. In the history of China's economy, there have never been windows where anyone could earn money other than the state. Therefore, I think that the Chinese government wants to clean up its crypto currency and mining. AEG about the company should also be under control. That is their strategy and policy.