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China Declares War on Bitcoin

China declares war on Bitcoin. Inner Mongolia, where a huge amount of bitcoin mining occurs, will be banning it. But the Bitcoin news is part of a broader attempt by the Chinese Communist Party to create a national digital currency that the Party controls. We also accept bitcoin! http://www.chinauncensored.tv/bitcoin/ YouTube demonetizes our channels! We need your support!! https://www.patreon.com/ChinaUncensored Make sure to share this video with your friends! ______________________________ Subscribe for updates: https://www.youtube.com/ChinaUncensored?sub_confirmation=1 ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: http://instagram.com/ChinaUncensored or check out the China Unscripted Podcast! https://youtube.com/chinaunscripted ______________________________ © All Rights Reserved.

Comments

Sparkle with Thirst Pockets

there's absolutely no doubt in the mind of any hair-brained speculator that the future is with state and corporate sponsored "digital currencies" that enable easy tax enforcement. if a nation or corporation is sufficiently stupid and short-sighted, they will also program in backdoor for monetary policy adjustment. when has a security system or encryption technique ever been totally immune to exploration by clever hackers or 5 year olds in the case of the 5 year old who figured how to bypass xbox parental restrictions by entering space characters after wrong passwords? It's not even unheard of for brilliant engineers at companies like Dropbox to forget to disable a checkbox that allows anyone to log into any Dropbox account without a password. it's possible for a more efficient and secure evolution of bitcoin to emerge but banning it would be as trivial as making it illegal to transact in so that only the people who visit drug markets today would have the risk tolerance to use it.

Tony Chopkoski

In your own way, you ended up with what I said. Anyway, I like the interaction on this. I don't have any set answers but can see what it does...and does not do...at the moment.

James Walter

The Ottoman degenerated the Latin tongues, but they did not take the Beluga Caviar.