It looks like bitcoin can't be legalized in China let alone be used as a currency, but if it's just an asset I don't think it's a problem and China doesn't need to worry about this, bitcoin and blockchain can't be separated basically maybe China wants to use blockchain technology but they will certainly see also bitcoin itself, because we know bitcoin is the first blockchain product so before using blockchain technology they also need to know about bitcoin, no need to ask China to legalize it and make bitcoin prices go up, even without china actually bitcoin is able to develop, it needs patience to that

I doubt the Chinese government wants to create a digital yuan that will be decentralized and run on a blockchain in order to provide financial freedom for their citizens. Most probably they are building a centralized ledger, that will give them absolute control on all accounts. They will have every transaction recorded on a centralized chain where only authorized government personel would access. The Yuan-chain will be controlled by the government and not consensus mechanism.

Chinese communist party will claim that corruption will be reduced this way, while they will actually acquire totalitarian power on all economic activities for the next hundred years. It is basically a dystopian financial future for the chinese population.

Lol. What myth? It's a pretty common knowledge that blockchain and bitcoin are different. It's only for those who haven't dealt with crypto or who doesn't understand it that much that thinks these two are the same. No myths to be busted as most people don't even consider this at all.

Blockchain is not Bitcoin. Blockchain can be used for anything including garbage coins. If someone says they are using blockchain technology, it tells you basically nothing, they are using a peculiar database.

Blockchain alone is NOT secure, without proper decentralization, and this is the main issue with these "State" attempts.

There is even people that dislike Bitcoin and use "blockchain" as a buzzword to promote their project (usually some garbage altcoin). So your suspicions should go high when you hear this word, rather than Bitcoin.

Of course there are some non coin projects that use blockchain, but these projects as well are not secure without proper decentralization, and most of them lack it, especially when they don't release the code so anyone can run their own node.

People are usually overly hyped if it's about money and some media are taking advantage of this. I do agree that people should know or be able to distinguish the differences between blockchain and bitcoin because some people everytime hearing word blockchan they'd simply think that it's just another name for bitcoin which is really wrong and could potentially lead to misinformation just like what most of the media with lack of "information" did with thes rather clickbait titles.

What is the point of your post? All cars need roads but not all roads need cars. Blockchain is a road and crypto is a car. Without crypto, the blockchain is useless so obviously china support crypto since that's the whole reason for the blockchain.

Blockchain and bitcoin are two different things but isn't it that bitcoin made blockchain known for its use case? China is mostly being used by the manipulators and media to spread rumors where the majority reacts without any way of validating it.

Just like few years ago when it was reported that bitcoin was banned on China but the real thing it wasn't bitcoin but the ICOs. They have included bitcoin with the ban of ICO because it was a crypto and the reports said that crypto was banned in general. So, this is where the media played a big role to confuse everyone but as OP is pointing out, I think everybody knows it but we all agree that if there's no bitcoin, blockchain wouldn't be known. We will see how many companies will use blockchain technology without crypto in the future and how many of them will stay and rely on it meanwhile cryptocurrencies will emerge, keep going and is here to stay.

I think he's just pointing out that bitcoin and blockchain are not one. Blockchain can be used for other purpose not just for crypto nor bitcoin that's what he meant to say and thinks that everybody doesn't know about that

PBoC prohibits bitcoin and altcoin, their citizens also understand that.

However, the main issues are still related to collective fundraising, exchanges and mining that are considered illegal, and they still seem to be progressive with positive global monitoring. Everything still cannot be summed up as a myth because the impact of patented blockchain has also not yet been tested commercially. in my opinion the two will still be interconnected with two-way speculation in different market spaces.

Think about it this way, when people say MP3 player, most people think of the Apple iPod. Was the iPod the first MP3 player? Not it wasn't. Is Apple iPod the only mp3 player on the market? No its not.

So Bitcoin might be the best blockchain example but the 2 are pretty separate however for the regular person when you hear blockchain the first thought that comes to mind is "Bitcoin".

The Xi speech for Blockchain was pretty powerful, it wasn't only the pump from $7K to $10K but it was also how Universities overnight added blockchain courses. So I think that the acceleration of Blockchain will always be good for Bitcoin even if the 2 are separate in reality.

It is just that there are some people within crypto that are so fond of creating stories, even those that have very little or no significant connections at all. This is a myth, it is very obvious. And I think it will burst itself as soon as people realize that the price of Bitcoin is not moving according to what is being expected due to reasons such as this one. But this is old news already. We can forget about china and move on.