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Looks like a crypto currency event might be happening if the 2009 Greek govt and banking collapse was anything to go by. Looks like we'll be seeing just how un
by moremetadata 4y ago
Looks like a crypto currency event might be happening if the 2009 Greek govt and banking collapse was anything to go by.
Looks like we'll be seeing just how underground crypto currency is with the Chinese Rich. Anyone spotting any patterns to confirm in the blockchains?
https://www.scmp.com/tech/policy/article/3196781/chinas-cryptocurrency-market-still-among-worlds-strongest-despite-beijings-crackdown-trading-mining https://www.scmp.com/tech/policy/article/3196781/chinas-cryp...
- adaml_623 4y agoDo you think it's feasible to mine bitcoin to 'export' wealth from China? Or is there a way to buy bitcoin with Renmimbi?
- ReflectedImage 4y agoChina mines 50% of all bitcoins
- Brybry 4y agoLooks more like ~20% post-ban.[1][2][3] [1] https://chainbulletin.com/bitcoin-mining-map/ https://chainbulletin.com/bitcoin-mining-map/ [2] https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitcoin-mining-hub-as-miners-go-underground.html https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitc... [3] https://worldcoin.org/articles/china-crypto-ban https://worldcoin.org/articles/china-crypto-ban
- ikekkdcjkfke 4y agoI wonder how many tonns of coal they burned
- tommek4077 4y agoBecause that is what you would care of if you try to bring your wealth offshore.
- csomar 4y agoThat was a big business until Xi decided to close that loophole. I am pretty sure there is some marginal mining operation in the dark in China. But the times of big miners and big flows moving out of China is over.
- pessimizer 4y agoHave we already seen it? Chinese currency controls might be what's keeping it as high as it is.