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Beijing court rules Bitcoin mining contract 'void'

• labrador 5y ago
  > China has declared all cryptocurrency transactions illegal Fake news because Bitcoin is outside government control /s
  • verdverm 5y ago
    Seems it is not outside. People forfeit their holdings to the govt, miners have left China. People will not participate if it means they risk fines or jail. Bitcoin (et al) can only exist due to the stability governments provide to society. Society in return expects any new tech to play within the rulesets therein.
  • space_rock 5y ago
    Mining experts estimates 15 to 20% of Bitcoin mining is still from Chinese black market https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-miners-.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1639832520 https://www.cnbc.com/2021/12/18/chinas-underground-bitcoin-m...
  • deleted 5y ago
    [deleted]