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Years ago, news said China "banned" bitcoin, years later miners in China live just fine. I guess this is not going to be so different.

• somerandomone 11y ago
  This is different. China(ese government) has a much, much stronger incentive and political resolution to reinforce their Internet speech control than crackdown a couple of bitcoin miners.
  • 4684499 11y ago
    > Implying bitcoin has nothing to do with free speech. I'm saying that the result is not going to be so different, as in people will still use shadowsocks to circumvent the firewall and won't get "disappeared" or whatsoever. Edit: letters
• noselasd 11y ago
  The only thing that's "banned" regarding bitcoins in china is that financial institutions arn't allowed to trade them. You can mine them, you can set up companies that mine them, you can trade them if you're not a financial institution.
  • 4684499 11y ago
    Yes, it's more like regulation that poorly implemented. But less people knew it at the time according to what the news and bitcoin users in China said. As a result, news related to China still can impact the price greatly sometimes, which leads people ask has China really banned bitcoin or not? You could find many discussions in term of this at the time. Of course people by now understand the "ban" itself is limited.
  • njloof 11y ago
    And as an aside they're the easiest way to exchange money when overseas. It's like a bank where the bank meets you at your hotel and gives you cash, and you never have to worry that your PIN won't work or your home bank will decide not to honor your transaction for fraud protection.