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RE: China sneezes and the rest of the crypto markets catch a cold, but the biggest move likely came because CoinMarketCap removed South Korean exchanges

in #crypto7 years ago

China’s government cannot win the battle against blockchain. I don’t see how can those supposedly intelligent people, be able to repress a technological revolution such as blockchain.

They are just trying to win time until the inevitable comes. Prohibiting things have never worked because it always creates a black market. They can ban whatever they like, but people will still use them even on an clandestine way

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If they try hard enough then they will know for sure, because the energy being used is very much on-grid. So if this forces the remaining underground miners there to use solar then that's a win for the environment. Using subsidized coal energy to mine bitcoin at the expense of the health of the environment is a terrible idea.