Quote from: SilentJohn on September 26, 2014, 03:11:49 PM

Quote from: cyberpinoy on September 26, 2014, 02:29:02 PM

Quote from: Fabrizio89 on September 26, 2014, 05:42:51 AM

I don't understand this continuous hostility from China, they could easily own the mining market and thus a great percentage of the network, effectively having influence on Bitcoin itself.

You dont buy much mining equipment do you, they already own the mining market, their miners are cheap fast and easy to use. the parts inside are also cheap crap and easy to break, But if you know what you are doing you can get a nice cheap minner and have it running forever. the Manufactures keep 12% of what they make, then "Rigorously Test" the other machines for as long as it takes to sell them. They already do almost have 50% of the hashrate right up there with Craphash.io (ghash.io) very quickly.

This (I THINK) came at a time that was drastic for china. With Alibaba POI coming out they wanted to Guarantee thier investors were investing in CHINA. remember China did not found or create Bitcoin and its named after a Japanese person. CHINA HATES JAPAN, they hate everything about japan. I would easily say it is not bitcoin but how bitcoin was founded that is pushing this hostility towards bitcoin. If it were founded by Wu Kang Chung they may be more Apt to accept and embrace it.

no matter what the case they are successfully crashing the price so their plan is working perfectly as planned. The chinese invester who did not get out are clearly getting out now with a value close to 385 now. we are all loosing because of china. I hope they stay out this time, and go mess with the rich wallstreet boys and leave us alone. They can have their gold, and slaves, they can have their copper and electric, they can have their Great Firewall and bullshit, just leave the Bitcoin Community out of it.

The comment on Japan is probably the most stereotyped assumption that I have heard in a while.

By the way, what is a POI?

Pretty sure he meant IPO, but if this was a television show it's be "Person of Interest". Cool