Anything in particular that makes you think that ? Looks more like option ban to me so far.
China isn't trying to kill Bitcoin. They're trying to own it, mine it, and control it. They're not banning, they're consolidating.
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1/ A lot of data points. Not shutting down mining or exchanges, rather picking a couple winners for consolidation and control it seems.
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2/ And after OKCoin and others disallowed fiat deposits, a ton of volume went through probably with gov blessing, moving weak->strong hands
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Even if they control 51% of mining power, they can't exactly "control" it, no?
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"control" in a decentralized system isn't a simple concept.
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Agreed, however it would make it easier to confirm fraudulent transaction or control network speed right?
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hi，friend，I'm from China. We can communicate！
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Hi friend! Are you trying to kill bitcoin?
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They didn't make it clear, but I don't think they'll kill it
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You mean as a country? Like taking it out of citizens hands and putting it exclusively under government control in China?
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Kind of. In china, a huge % of people are part of "the party." Moving coin from weak to strong hands. Elites and gov inseparable
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We don't know yet.
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At this point, do you believe they will ban mining?
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yes people are quick to dismiss China as if they are illogical or stupid, quite the contrary is true, every move they do is strategic
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Trying to centralize and control bitcoin may be a strategic plan, but even if they succeed they fail (and bitcoin).
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Or, repurpose the mining to a YuanCoin.
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Perhaps that's what BCH is?
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