RE: [dtube] Daily: China Mining Ban? Crypto $763B Marketcap Cap!!!!

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[dtube] Daily: China Mining Ban? Crypto $763B Marketcap Cap!!!!

in dtube •  7 years ago 

Good post but China will definitely ban cryptocurrency

dtube
7 years ago by

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      ·  7 years ago 

    What makes you so sure?

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      1 vote
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        ·  7 years ago 

      The reason why China is looking to ban concurrency is because

      1. It is a direct threat to the Chinese Yuan. It is no secret that that the Chinese government sets the value of their currency. They purposely lower the yuan because it attracts foreign investors to use Chinese labor to manufacturer global goods. Money manipulation gave rise to their rapid growth and success .

      2. Cryptocurrency undermines government and government power is absolute in China.

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          ·  7 years ago 

        Didn't know point 1, but makes perfect sense.

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            ·  7 years ago 

          China is allowing Nem to be traded in Wechat I highly doubt they want to ban it as they know it's not as simple as that but rather centralise control so shutting down some miners or reducing their power will help them do just that

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            [-]
              ·  7 years ago 

            The transaction bitcoin hangs a month in the network. Tell me what to do?

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                ·  7 years ago 

              excuse me!!
              I think u left out 'Not' . Check out your comment.

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