WetEV wrote: AndyH wrote:
WetEV wrote:"China is to block all websites related to cryptocurrency trading"
Yes? And? Will this keep anyone from paying a bill with crypto? No.
Mostly will be blocked. China's Great Firewall is fairly good.
AndyH wrote:Will it keep anyone from sending fiat to Japan (where BTC is legal tender) and buying BTC? No.
Hand carry the cash, sure, but better be in the allowed amounts. And why? Have to travel outside China to use the BTC.
AndyH wrote:Will it keep anyone from using a VPN to access any of the world's exchanges where they can TRADE between coin pairs? No.
Beware of the intersection of incomplete reading and confirmation bias.
Go to China and set up a real VPN to outside China. Monitored "VPN" sold on the street don't count. Cyberpunk fantasy it is not.
There's a difference between your 'troll (non)reality' and real reality. I prefer the latter. I actually work in this realm, Wet - daily. I am a developer for a coin, and converse with devs from other projects, and know two people in the BTC dev chain. That's why I KNOW (not guess, not troll, but KNOW for a fact) that the things you're saying are just plain flat out wrong.
'Trading' in crypto is just like trading stocks or currencies on their respective markets (I used to trade on the FOREX market). Trading is still available to users of crypto in China because they can still access exchanges even if there are no exchanges in China.
Mining is about validating the blockchain - the public ledger. Some of the larger mines are in China - they're not going anywhere. They're legal and they're desired by .gov. In order for them to work, they must be able to communicate with the global coin networks and they still can - the Great Firewall's irrelevant to that process - especially when the function is government approved.
Individual users access the same global network the miners access - it's working for them as well for the reasons stated above.
So no - the piece you linked does not say what you seem to think it says, and your comments are not accurate. You might want to find some better data sources. Just a suggestion.