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Showing 5 of 5 results by Rushzhy
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Board Bitcoin Discussion
Re: As a Chinese, I want to talk about China's ban on cryptocurrency
by
Rushzhy
on 13/06/2021, 04:25:27 UTC
I wonder the overall impact of the mining ban, first off people can still access bitcoin via a vpn but will everyone really be forced to shut down all mining, will there be 100% compliance?  I guess the mining will all move overseas.  Secondly the BTC price took a hit, but will the ban really negatively impact the bitcoin ecosystem if mining has to move, as other countries (El Salvador) are starting to be more supportive? 
Regarding the question of whether you are 100% qualified, I want to say that there are a lot of non-compliant places in China, but because of the centralized government, people have no way to do it in the country. Just like North Korea, many things are not compliant, but people there still There is no way. As you said, many mines are moving overseas. Due to COVID-19, the border is blocked, and the transfer of mines is relatively slow. The only way to transfer equipment is to find an agent aboard. Way to solve.
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Board Bitcoin Discussion
Re: As a Chinese, I want to talk about China's ban on cryptocurrency
by
Rushzhy
on 13/06/2021, 02:01:19 UTC
As everyone knows, the Chinese government has banned cryptocurrency exchanges, and now it has banned mining. The entire market has undergone many changes due to policy reasons.In fact, you should not pay too much attention to the policies of the Chinese government, because since the cryptocurrency exchanges moved out of China, the influence of the Chinese government on cryptocurrencies has become very limited.
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
The problem with China is that nothing coming out of there can be trusted. For example, you may as well be one of their propaganda warriors. Remember "Wolf diplomacy"?

This is what creates so much uncertainty about actions of China as a country and the intentions of there people. The Chinese people have adopted cryptocurrency in a big way but most of them are into Alts. The miners and manufacturers never have had much say in the politics and when they had, it was never for the benefit of Bitcoin. Everybody remembers Jihan and his collusion with BCash during the blocksize debate.

So, in my book, and i believe for a lot of others, China is little more than an uncertainty to BTC. The people live under a regime whose only target is dominance. There is enough evidence in recent history that the Chinese people's will has been broken  by years of communist regime. The Tiananmen massacre was the last time that the Chinese dared to rise. For rest of the time, they have been obedient cogs in the huge machine. From the one-child policy to working for the lowest labor rates in the world to actively doing espionage in western companies and educational institutes on behalf of their governments. Not to forget the COVID fiasco. As a creed of men, the Chinese are so broken that they no longer judge what is right or wrong. They just do as instructed, otherwise risk everything from their reputation in the point system to political disappearances.

So, if you are an actual Chinese trying to start a conversation about Bitcoin, I laud your courage. But it'll take more than a post to convince me that the Chinese can actually have an opinion.

You are right, but most of the statements you see are those of the government. Although VPNs can be used for most Internet names in China, it is very troublesome. Most people still don’t want to use them, so that you always think that Chinese people are like Like spokespersons, they like to express their opinions on behalf of 1.4 billion Chinese people, but you can’t hear the voices in China, because there are always people who say that you can’t represent all the Chinese people. Can you speak on behalf of your family? The child discusses not to mention representing all Chinese people. So not all Chinese people are as hostile to people as you can see, and there is no logic in answering reporters’ questions. Most Chinese people are very friendly, but they are represented by a small number of CCP staff. In addition, the incident you mentioned , We will never forget, because at the University of Hong Kong we still have a monument.
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Topic
Board Bitcoin Discussion
Re: As a Chinese, I want to talk about China's ban on cryptocurrency
by
Rushzhy
on 11/06/2021, 01:27:45 UTC
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
Thanks for the insights, so is the coins sold in China at a cheaper price than the general market ?
[/quote]
 no,we are used to binance or huobi exchanges,so the prices are the same.
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Topic
Board Bitcoin Discussion
Topic OP
As a Chinese, I want to talk about China's ban on cryptocurrency
by
Rushzhy
on 10/06/2021, 06:29:10 UTC
As everyone knows, the Chinese government has banned cryptocurrency exchanges, and now it has banned mining. The entire market has undergone many changes due to policy reasons.In fact, you should not pay too much attention to the policies of the Chinese government, because since the cryptocurrency exchanges moved out of China, the influence of the Chinese government on cryptocurrencies has become very limited.
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin suffers as Weibo suspends crypto-related accounts
by
Rushzhy
on 09/06/2021, 03:23:23 UTC
As you might know already that we still have :
Facebook
Twitter
Instagram
Which is mainly used to influence the price also, look at Elon Musk. Honestly speaking I did not know about this platform for real. Right now I do think that this might not be that drastic as you think. We have many more options and at the same time people tend to have a lot of social media platforms in their Mobile phones, therefore if there is a problem with one, there is no reason to rush. At the same time there are community platforms like :
Bitcointalk !!
Therefore the people who are really involved can very easily come and join them, they will not only get all the gossip but at the same time all the information too. Therefore it might be more positive for them.
In China, it's very limited to use those social media platforms because just like Russia, they have their own social media that's being used and advised by the authority.

They don't use that much other social medias especially those that you've mentioned. They're supporting their very own social media and Weibo is one of it and there are others.

As a Chinese, what I want to say is that the government's ban on Weibo is not to ban BTC, but to make more people afraid of BTC, so as to better rule the society.
In China, many celebrities who have raised questions or have voices different from the government will be banned. We must use VPN to communicate with you. In fact, VPNs will also be monitored.They are not banning cryptocurrencies, they are maintaining rule