Quote from: Betwrong on June 25, 2019, 10:35:51 AM

Quote from: Kemarit on June 18, 2019, 01:27:53 PM

Quote from: goaldigger on June 17, 2019, 05:23:26 AM

We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.

I don't think Bitcoin will be the main options, wealthy Chinese or Hong Kong citizens can still go to traditional assets like Gold.
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Some of them may invest in traditional assets, but I'm sure, being advanced people, many of Hong Kong's residents will invest in Bitcoin most of their savings. Storing gold in China is not as easy as it seem to a Western eye. Gold can be confiscated at any moment, while confiscating Bitcoin is much more challenging for the authorities.

Overall, I think these Communist rulers, being a brake on progress, are not letting people of China to breathe full chest, and the fact that they are still in power surprises me.

Well we can agree that those rulers are really putting a break on progress, if anyone remember this (https://en.wikipedia.org/wiki/1989_Tiananmen_Square_protests). That's the cost of trying to get some sort of 'people's people' in China. The government will do everything to stop this sort of progression. Remember that's the 80's the fall of communist Germany and the subsequent dissolution of the Soviet Union in 1991.

So unless someone from China started some 'coup' to overthrow the communist government, they will held on their power for at long as they want to.