Quote from: Yaunfitda on February 26, 2018, 09:39:58 PM

Quote from: andrey111 on February 26, 2018, 05:50:19 PM

Yes, the market in China is still great. But because of the unreasonable actions of state officials, China may lose one of the largest pies in its history in the future.
Look, the mining companies are already transferring their assets to other (more friendly) countries to the crypto currency.

They are reasonable. But to themselves and to the state as a whole. They don't care about what their people are going to say. Remember their was somewhat an uprising or protest back in the last 80's. That's how oppressive the Chinese government are.

Indeed the Chinese market have already a contingency plans to move out of Mainland China because of such threat. And even Jihan can't lobbied the government so that he can protect his assets.

Right now they are really in the front of the war against bitcoin and they have justify their sudden move of turning its back to the crypto that all their people loved.

Will it even be possible for China to fully stop cryptos?! I mean there are alternatives that can circumvent any bans. At least for regular people there are ways around this. I am not sure how it is for companies but I imagine that even buisnesses will want to keep their transactions confidential.

Couldn't this be a step towards moving away from BitCoin as a main cryptocurrencies and looking to other alternatives?! Cryptos that have traceability protection and for the refular citizens something to circumvent any intternet bans that migth exist. TOR based cryptos like DeepOnion, Verge, Shield and Spectre might be alternatives in this market. but even TOR traffic can be blocked and for that you need something more like OBFS4 and/or MEEK. This might slow the traffic down but at least it currently can't be blocked. So far I think it is only DeepOnion that support both OBFS4 and MEEK for possible use in China.

If this is the move that is going to happen I have no idea but if stricter bans are placed on crypto markets in China, buisnesses and people will find other ways to invest since it is something that looks to be the future.