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The 0x protocol will come in handy in China soon. https://0xproject.com/ https://0xproject.com/
by LAMike 9y ago
The 0x protocol will come in handy in China soon.
https://0xproject.com/ https://0xproject.com/
- theamk 9y agoHow so? From what this (very brief) articles says, "Chinese authorities will also target individuals and companies that provide [...] settlement [...] services" No matter what protocol and software is used, at some point, people will want to convert cryptocurrency to/from yuan. This cannot be done anonymously -- the options are face-to-face or via traditional banking system. In either case, it is pretty easy for authorities for find and arrest the relevant people. I bet less than a hundred people arrested will be enough to scare everyone else so that all major exchanges will get closed.
- malux85 9y agoNot unless people start to accept crypto as payment - it's not going to totally replace fiat quickly, but I have started taking payment from my clients in ETH, and also am selling digital goods and taking crypto as payment. I am also paying others in crypto. Sure it's niche now, but the only barrier to adoption is a bit of technology advancement and belief in the value.