Quote from: jrrsparkles on October 27, 2022, 06:13:43 AM

Quote from: lhrbeijing on October 25, 2022, 03:11:13 AM

I am bullish on the future of Bitcoin as a technology.

We all know that China has a total ban on cryptocurrencies, including but not limited to no mining, no circulation, no trading, no banking services, no listing on exchanges.

What do you think countries have to lose by making this choice?

China as a government will not lose anything especially their monetary control will be in their hands and country like China never want to lose that so only loss can be felt if many other government adopts the bitcoin system and china will face difficulties in the international trades but here we are too far from reaching that status.

For people its a loss from investment perspective as well as the dependency of bank for all their payments and we know China is pushing their CBDC as an alternative with that there is no change at all just only the technology switch not the real benefits of blockchain and p2p.

Correct, China as a country doesn't have any benefit or losses from the banning they did towards the cryptocurrency and all that is connected to it. The ones who are very much affected by this huge move is their own citizens, it's like they are deprived to make their own choices as well as their freedom to do what they wanted. It is a very selfish move for the China as a nation just because they can't control it.