Post
Topic
Board Bitcoin Discussion
Re: The risks of using Bitcoin
by
antminerguruguy
on 23/10/2021, 21:55:51 UTC
Although there are many risks that we face in using bitcoin but it will all be easy for us to overcome if we work in accordance with the procedures that have been set, of all the risks you mentioned one of the most severe is that is against the law and this is very difficult for us to avoid, if a country has banned the use of bitcoin and all transactions that occur then we are very depressed if we have such a large asset but we cannot avoid it. Use it, and coupled with the sanctions given then this will be a big problem.

Just like the Government of China banning the whole cryptocurrency on their country

Which is why I tried to get a response and conversation going.  If china is about or was to the best my knowledge 70% of the hashrate contributers to bitcoin at least how is it the largest provider of cryptocurrency is banned in the very country they operate.  If it was banned wouldnt the chinese government just raid all the mining farms and arrest and prosecute and remove all the equipment.

If it was banned it would be stoped and since it isn't stopped then I guess it isn't banned so why are you saying its banned when its not you are the ones litterly creating it.

Or am I just to correct to continue to try and understand.