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China Bans Anything That Promotes Freedom — It Is an Honor for Bitcoin To Be Banned by China. Bitcoin will succeed without China. It will be more problematic for the Chinese, however.

China Bans Anything That Promotes Freedom — It Is an Honor for Bitcoin To Be Banned by China. Bitcoin will succeed without China. It will be more problematic for the Chinese, however.



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15 Comments

  1. tldr; Last week, the People’s Bank of China (PBOC) said that transactions in Bitcoin and cryptocurrencies were illegal in China. This comes after China banned the Marvel movie “Shang-Chi” and the Chinese government also banned effeminate men from national television. This is a sign that Bitcoin is seen by Beijing as a guarantee of freedom.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. It won’t really be a problem in China, only for the few who doesn’t have a VPN (which is also banned) and you already need that to escape the chinese firewall. There are tons of bitcoins apps you can use like localbitcoin and easily find people in your area wanting to buy or sell. It has been one of the better ways of getting money out of China for years. Instead of going to Western Union which is highway robbery. (or atleast it worked fine in 2018 for me and they also “banned” bitcoin that year.)

    Edit: This is just a thought but these kind of laws they keep making seems more like an excuse to be able to throw anyone in jail they want. Otherwise why not make the firewall a whitelist, then no VPNs would work, or atleast i think they won’t.. And then make a government owned VPN or special firewall rules for companies that need access. They way it is now anyone can use VPN unless something big happens and they block the IPs for a while. I bought a phone there and the seller asked if i wanted google. And he installed a chinese lesser known VPN and downloaded it. Yes i know, the risk.. But that was a Huawei store. My phone no longer works tho, thanks Orange Man.

  3. all these things listed there, besides Bitcoin, do not promote freedom, they promote heavy censorship including especially political censorship (against freedom or traditional values, for always-offended woke and leftist agenda).

    How ever indeed chinses replacements for the social megacorporations are possibly even more anti-freedom, or at least they replace somewhat shy or covert support for one party (left) with overt and brutal enforcement of other lefty party (CCP – China Communist Party).

    You might want to point out that China bans actually pro-freedom more or less decentralised technical protocols, such as VPNs, Tor, Freenet and alike.

  4. Another stupid post conflating tech companies with Bitcoin. China is 1/5 of the population and I am EXTREMELY bullish on Bitcoin but you can’t spin China’s ban as a plus, when it is clearly a negative for Bitcoin.

    Also wechat is much better than whatsapp with a much better ecosystem and functionality that is not even in the same league.

    Google’s algo is based on Baidu (credits Pagerank to Baidu) not the other way around.

    Weibo is a blogging platform not Facebook.

What do you think?

El Salvador 😂

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