Last week we had a topic :
China is thinking about unbanning bitcoin mining after price riseIt quoted two articles that clearly were written by poeple who had no clue what they were doing, like:
https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/I know bbc.reporter clarified the situation,
I created this thread to test everyone. I am very happy to know that everyone has has become skeptical with mainstream news media and cryptonews media. 3 years ago i reckon many people would be larping on that fake news hehehe.
but the avalanche of poeple not bothering to read more than the title and posting pure garbage on it has got me really pissed off.
So, from the Chinese propaganda mouthpiece:
China puts cryptocurrency mining on industrial blacklist in final step to eliminate the activityChina’s top economic planner is seeking to eliminate cryptocurrency mining activity in the country, months after a government crackdown that turned dozens of companies from model energy consumers into pariahs in the world’s second-largest economy.
The National Development and Reform Commission (NDRC) on Thursday added mining of bitcoin and other digital tokens to a blacklist of industrial activities that must be abandoned, as the country pushes to reach carbon neutrality by 2060.
China is going through an energy crisis, the price of coal has skyrocketed, the government is doing everything it can to keep energy prices as low as possible,
opening more coal mines, shutting down non-essential factories and you think they will cave in and allow bitcoin miners to come back in? And for what? No, China is a closed chapter, and that it, from the start it was obvious that bitcoin is not something that is welcomed there, the fact that it took them so many steps to actually come to an all-out ban is the surprising part, not the final outcome.
Do we need them? No! Can bitcoin survive without China? Of course, it does it right now and it's doing great!
What we definitely need to do is actually read more than the title when posting something around here!