Post
Topic
Board Economics
Re: CHINA Banning bitcoin: PBOC Says All Crypto-Related Transactions Are Illegal
by
patientforzhou
on 26/09/2021, 07:47:21 UTC
Congratulations on the completion of the de-Chineseization of Bitcoin. In the past few months, I have become tired of reading China’s news about Bitcoin. Whenever there is China in the title, I know that it will have a certain impact on the price of Bitcoin.

I especially hope that China will completely ban Bitcoin. As far as I know, China originally owned the vast majority of Bitcoin mining machines, which made me always worry about facing 51% attacks. However, China has now banned mining and various currency issuances, hoping to buy cheaper bitcoins from the Chinese.