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Anonymous
China ban was a matter of time 2017-09-08 03:03:04 Post No. 3393126
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China ban was a matter of time 2017-09-08 03:03:04 Post No. 3393126
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I was already expecting the China ban sooner or later and here's why:
China is a very centralized, planned and bureaucratic economy where pretty much everything from investment sectors, to capital flows are following govenment guidelines.
Xi Jinping has recently banned VPNs and has been following a campaign of "internet sovereignty" and is now seeking internetional support for his cause:
https://phys.org/news/2017-03-china-global-cyber-sovereignty-framework.html
Paypal works differently for people who are in Mainland China. You can recieve money though paypal but you cannot send it. It's part of that capital flows control.
With that being said, do you really think the government would just stand there and allow crypto currencies to move around freely and annonymously and escape all of these controls? The government wants to see everything they do.
Yes, this model is outdated and the only way I can see it going down is if there was enough business lobbying for more loose regulation on capital flows and bureaucracy overall which I don't see it happening.
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>>3393126
Are you retarded? The ban is temporary. NEO said they will work with the government.
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>>3393126
eh, it's pathetic, but give it more time and people are gonna freak the fuck out and start publicly executing all government officials
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>>3393170
once you realize this is the pattern, you start losing count how many times this has happened throughout history
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>>3393170
If it's to serve the government interests they might allow it but I don't see how. Unless they completely give up on anonymousity.
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There is no ban, dumbass. It's just a chink whale tricking the simpleton chink commoners with idiotic FUD.
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>>3393207
I wouldn't be surprised if chink government was already trading crypto. They can create FUD at will, buy low and then pump it up.
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>>3393126
Don't trust the chinks.
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>>3393126
Really? Post your short positions then.
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>>3393126
>The officials on Thursday extended an invitation to the international community, saying that China, with the world's largest online population and advanced technology, was willing to share its "wisdom, experience and resources" in governing the internet with other countries.
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>>3393349
>Chinese gov fiscal income: $2,465,000,000,000 USD
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>>3393349
Like they need it. Individuals looking for easy money maybe.
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>>3393126
My manufacturer in China seems me in payments in PayPal all the time
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>>3393170
My fucking sides, internet magical money company that talk with the most economically closed nation in the universe.
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>>3393207
of course you don't see how. you're a brainlet
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>>3393126
Except it was a shit story. BTFD
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>>3393475
>chink gov is one person
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Lmao I've seen this happen at least once before (in january).
>FUDish rumor comes from china on friday
>markets dips hard and fast
>recovers through the weekend
>monday rolls around
>china brings out new FUD
>markets go into full panic and dump for a week
BTC FUD always (*always*) comes from China. This ICO and exchange getting banned FUD didn't come after a big rally for no reason, it was on purpose to strike the market at it's weakest and depress it.
If everything recovers fairly quickly and panic-free you can be certain they will strike again until the desired effect is achieved. Expect some new scary "news" coming out of China on monday.
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>>3393170
working with communists? lol this is some top tier humor here
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>>3393126
>falling for China ban Bitcoin
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>>3393126
2013 wants its FUD back
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