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    Author Topic: China Ban Bitcoin my a$$.....  (Read 1540 times)

    • Bit_Happy
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    April 08, 2014, 08:21:33 PM
     #21
    Quote from: jbreher on April 08, 2014, 06:24:56 PM
    Quote from: S4VV4S on April 08, 2014, 01:38:53 PM
    http://www.coindesk.com/cryptex-bitcoin-debit-card-works-90-us-atms/

    What else can I say  Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

    I followed the link in the article to Cryptex. Unfortunately, Firefox indicated a problem with the certificate of the site.

    What does this mean? I don't know. But it would seem odd for a financial site to overlook the certificate authority issues.

    Possibly the certificate just expired this week?
    Homeless Token (HOME) You Can Make Good Honest Money By Helping People In Urgent Need. | +++ Positive Coin +++ Stay Tuned!

  • leopard2
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    April 08, 2014, 08:22:19 PM
     #22
    Quote from: RodeoX on April 08, 2014, 08:18:17 PM
    OMG!!! I just saw this.

    China is no longer hoarding US Dollars!!!11!!

    http://www.activistpost.com/2013/11/china-announces-that-it-is-going-to.html


    Better throw your worthless dollars away now or you will be left holding the bag, Suckers!

    OMG!! Panic sell USD!!! Big dump incoming!!  Roll Eyes
    Truth is the new hatespeech.

  • leopard2
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    April 08, 2014, 08:27:27 PM
     #23
    the big point in that article is, that like I have suggested before, Chinese money will find its way into BTC if Chinese want it. A ban might even backfire on the government because it will result in black markets that are uncontrollable:

    UnionPay has been named in a few tax-dodging schemes in China. Last month Reuters reported that state-backed bank cards, including UnionPay, are used to illegally spirit billions of dollars abroad.

    Much of the money ends up in Macau and Hong Kong, where number of ‘merchants’ allow Chinese nationals to make fake purchases in Macau and simply turn over cash in exchange for the ‘purchase’.

    This is done to get around China’s strict currency export controls. Authorities in China, Macau and UnionPay officials agree that the practice is widespread and the People’s Bank of China (PBOC) is also aware of the problem

     Grin Grin Grin
    Truth is the new hatespeech.

  • keithers
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    April 08, 2014, 08:41:18 PM
     #24
    China Gov't has been stocking up on BTC behind closed doors for quite some time now.   Just like any government, they like to pass laws and regulations for the masses that they themselves don't follow.   Once they have a large enough holding and feel that they can control BTC, they will back off on their restrictions...

  • keithers
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    April 08, 2014, 08:42:00 PM
     #25
    Quote from: leopard2 on April 08, 2014, 08:22:19 PM
    Quote from: RodeoX on April 08, 2014, 08:18:17 PM
    OMG!!! I just saw this.

    China is no longer hoarding US Dollars!!!11!!

    http://www.activistpost.com/2013/11/china-announces-that-it-is-going-to.html


    Better throw your worthless dollars away now or you will be left holding the bag, Suckers!

    OMG!! Panic sell USD!!! Big dump incoming!!  Roll Eyes

    China is hoarding "morning after" pills

  • aircooler
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    May 09, 2014, 07:55:56 AM
     #26
    I just want to say
    Nothing is impossible in China.

  • DonnyMontana
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    May 09, 2014, 08:13:30 AM
     #27
    As long as there is a planet to ban bitcoin on, China will do it. There's no doubt.
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