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Why would I care whether bitcoins are illegal in China? The Bitcoin network will adjust to the reduction in hash rate, and after that it will impact my use of B
by runeks 9y ago
Why would I care whether bitcoins are illegal in China? The Bitcoin network will adjust to the reduction in hash rate, and after that it will impact my use of Bitcoin as much as China's great firewall impacts my use of the internet.
China is an oppressive regime. It's standard practice for oppressive regimes to ban what they feel they can't control. If Bitcoin ever becomes really useful, they will be forced to ban it -- if they want to maintain monetary control.