Quote from: zhangweiwu on May 13, 2014, 12:59:59 AM

Quote from: Torque on May 13, 2014, 12:53:13 AM

Seriously? Are the Chinese for real, or just making this crap up to entertain themselves? The height of hubris and arrogance. If anything has been a failure so far, it's the Chinese exchanges establishing themselves as the 'cornerstone' of the bitcoin world. They will probably be completely out of business soon, while the Western exchanges continue to thrive. Sorry to rub salt in the wound, but the Chinese need to stop deluding themselves into believing that bitcoin won't survive without their involvement. We want the Chinese onboard just like we want the rest of the world onboard, but so far I haven't seen proper leadership from there.

As a reporter, I enjoying the intellectual achievement of identifying hubris on both sides:) And I enjoy reporting it to both direction:) What you say about sillicon valley's indifference to Alibaba, world's biggest IPO? Not hubris? And put in consideration that Alibaba is a height of hubris themselves. Notice that Bitcoin Foundation did fail in the goal they vowed, the very line about "protect Bitcoin" - they did nothing useful in both Gox fiasco and China clash, but Bit Foundation did nothing useful to both case neither - in fact, Bit Foundation's effort on the Bitcoin 2014 Global Summit is counter-productive for Bitcoin in China, due to the political attention it attracted (they didn't see it coming). PBOC knows Bitcoin 2014 Global Summit is an event 'by the Chinese, for the Chinese, of the Chinese' and they know they are solving internal problems. No one wins the 'protect Bitcoin' competition.

The King of King of hubris is Chinese governmental newspaper "Global Times", but read the Chinese edition please for really good laughters, English edition caters English readership and English hubris and you just feel at home reading it, no entertainment. Too unfortunately Google Transalate doesn't handle Chinese acceptablly, and when human translated it all the funs are gone. I perhaps am one of the few to deliver Chinese in English without 'cater' for readership: I hope that provoking article opens the eyes of my English readers.

Haha, I'm laughing because I'm really understanding what you mean. Thank you sincerely for taking the time to debate with me on this topic, it is appreciated. By the way, I'm actually rooting for Alibaba, I think it can become a major world player. In the West we welcome healthy competition, it is the survival of the fittest that wins here, even if from another country.

There was nothing that the Bitcoin Foundation could do to protect anyone from the Mt. Gox fiasco. Firstly that is not their role as they don't have such power, and secondly the way it played out we call it the "free market" in the West, free and pure from overhanded Government protectionism and regulation. That may change in the future with more regulated Western exchanges, but many bitcoiners were not surprised at all that Mt. Gox was insolvent and running a Ponzi scheme. Especially because the owner was an incompetent, lazy half wit with no business skills whatsoever (even his technical skills were severely lacking) that needed to be run out of business in order for bitcoin to thrive long term. It's time for bitcoin to grow up and put its big boy pants on.

Here's the thing that most U.S. bitcoiners, and maybe those from other countries may not readily admit but it's true: we definitely WANT China to be part of this bitcoin grand experiment. The truth is we want the whole world involved in bitcoin, no matter the country or culture. A currency similar to the Euro or the Brixton Pound, but orders of magnitude better. A currency to break down the barriers and borders that lie between cultures, a private form of money that no one government or centralized entity can ultimately control. A currency to connect all of us, and foster a sense of world community working together, as opposed to competing with each other. That is the vision of bitcoin.

Again, we ultimately want China onboard. We really do. But if the Chinese goverment and PBOC intends to "make bitcoin an enemy", then we would rather China re-evaluate their involvement long term. Because it is going to take a head on war or some pretty clever thinking (sly fox?) for the Chinese exchanges to ensure their survival in the future. Bitcoin is going to inevitably expand exponentially across the globe, and the price is going to increase exponentially as well. With or without China involved. So the question is, are the Chinese exchanges prepared to ensure their long term survival? What is their backup plan? (In the U.S. we refer to it as plan B, or even C) Grin