Chinese crackdown on crypto deeming it all things illegal!
- Thread starter Panther28
- Start date
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
My perspective is, all this is actually good for crypto ... Let all the bans, regulations, etc finally fall in place and then Bitcoin, Ethereum, etc will have their real organic type of growth.
- Apr 3, 2019
- 602
- 771
Not only that, also major miners.
They are just manipulating the market with fake news again.
Give it 20 years and you'll probably change your mind. Not that China will improve much, the west will deteriorate.
JessePinkmanBB
Junior Member
- Jul 13, 2020
- 162
- 217
I, for one, ban China from Bitcoin. How's that, eh? 
Chicilikit
Supreme Member
- Dec 21, 2010
- 1,298
- 401
I love this, Im in crypto since 2017 and I have seen the "China bans crypto" so many times already and every time it looks like the impact on markets is smaller. One day no one will really care anymore about this stupid FUD news and that is a good thing.
Setox
Elite Member
- Apr 30, 2015
- 2,430
- 4,673
The f***** , LOL
Business mens already loves china, of course they don't care about its peoples freedom, I remember i enjoyed reading bernstein books about china in my economy class, it changed how i saw china and its progress. it's that legendary myth that economic progress and democracy comes together that a lot still believes in. Now scholars reached a new level, they start to vouch for meritocracy, one of them : daniel bel talks about another scenario, that chinnese might keeps theeir meritocratic system but give up the name of Communism.
- Apr 3, 2019
- 602
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Businessmen love it as long as they don't have to live there. But as I said, they'll be glad to move there once shit hits the fan over here. Chinese economic progress is largely based on big domestic consumption, huge export and of course stealing decades worth of technological development from the "free" (less and less by the day) west, that naively moved their manufacturing there, while chasing better profit margins. Chinese can see the big picture and plan for the future much better than us. I like their social structure as well, people know their place, unlike here where nobody has any respect for anyone anymore.
Some food for thought: in Chinese social credit score system, you can climb up or down, it has clear rules. In the west, we have unofficial social credit score system, where you can usually only go down and never climb up again and the rules are muddy or can change at moments notice. It wasn't always like that, but that's how it is today. Chinese would never endanger their sovereignty and future prospects to appease a loud minority. That's why they'll win the global game of thrones, slow and steady, patiently waiting for their turn for generations. Heck, they are probably encouraging all our vices behind the scenes to speed up the downfall.
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Setox
Elite Member
- Apr 30, 2015
- 2,430
- 4,673
Indeed, Beejing & Shanghai are attracting more expats everyday, the lifestyle there is mostly western.
That's what analysts doesn't seems to get, they fail to understand how deep this is hardwired into chinnese culture, "Building things that stand for a long time rather than chasing momentary pleasures".
shanna_doll
Senior Member
- Apr 10, 2012
- 827
- 522
There is nothing wrong with banning promotion of gambling & gambling business in general. Sentence for posting affiliate links is too much though.
AlphaDraconian
Junior Member
- Nov 2, 2020
- 122
- 26
What about the recent china ban on gaming its fuckn insane!!
- Oct 14, 2018
- 143
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This is ridiculous. I knew gambling in China was illegal but didn't know they were this strict. Yet you can gamble in Macao freely.
- Mar 22, 2013
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They wanted to lock him up even longer! But then they found out he didn't earn money at all and reduced it to 9 months. So he got prison time for sharing fucking aff links...and not only him, but many many other people as well.
btw. gambling is illegal in most asian countries. Only a handful allow them. Macao of course and I remember I went to casino in Singapore once. Japan, Korea, China, Thailand, Taiwan, HK, etc. all illegal
timothywcrane
Supreme Member
- Apr 25, 2009
- 1,339
- 742
I bet PLA Unit 61398 is in BT buy mode. China is still in the game, just not private Chinese citizens. Removing their civs from the field before attacking... welcome to cyber warfare on the domestic<International political policy level
