/biz/ - Business & Finance

>locked into celsius and can't withdraw

>>50499536
imagine trusting a bank

Another way of saying that they've converted people's monies into securities that they can't sell at a loss just yet. Maybe the reserves are all in DOGE knowing how notorious the chink gambler (gamblet?) can be.

>>50499536
the whole truth is that chinese people are investment products

>HODR Mode Activated

>a random twitter account said it
>it must be true

You idiots are no better than Reddit. Kill yourselves.

>>50499570
It's literally the concept of citizenship. Citizens are the governments' assets.
The difference between countries is only if the assets are managed properly or not, and how the new assets are acquired.

And then they rolled out the tanks

Ccp be like "whatchu gunna do about it"

>>50499680
>YU WERR EET BUG
>BUG NO FREE
>YU PAY YU PAY NOW

>>50499600
t. Xihan

source? no? yeah, k faggot

>>50499536
This is bullish. Chinamen are bug people anyway. They save to much and buy nothing. You will consume or we will consume it for you.

>>50499754

>Celsius in real life
Lmao
This is why i think DAOs are so fucking revolutionary. You got investors over at BitDAO voting doing their own governance and shit its insane
No wonder the Fed hate crypto so much

And people say crypto is a scam...

>>50499536
>"I am sorry sir" instead of pistol whips your ass
someone doesn't know how communism works

fake and gay

>>50499536
>"""ban""" crypto
>china bugmen sell their crypto for fiat
>hehe now you cant redeem

They deserved it. 1 billion brainwashed drones over there i swear.

So does this mean that you aren’t The People if you can’t access their money?

>>50499577
kek

>>50499577
I wish that had happened in Russia or Ukraine so that I could have made the same joke but with HODLOMOR

>>50499577

>>50501864
underrated as hellllll
barely anyone mentions them on /biz
their community strong as fuck

fake news are fake

>>50499536
Look up on all Chinese social media to see if any friends / others are mentioning this (which would be the biggest let down ever in recent history). Absolutely nothing.

So I remain sceptical to this one twitter post

>>50499631
Citizens are the government's assets if the government is competent. If it's incompetent it considers them liabilities.

>>50499577
KEK

>>50499600
calm down Xi Jiang Pao

>>50499536
if this happens to me in my country i will be full time jew namer, i will not stop until they kill me or their power is scattered to the wind

>>50499536
The Chinese currency is literally the Renminbi.

>人民币 = Ren Min Bi
>人 = Person
>民 = Member
>人民 = Citizen
>币 = Money

People's Money.

>>50499536

> Twitter username = Paresh
> Poos hate chinks

Very reliable source.

>>50499536
Communism in action

>>50499536
Why is /biz/ so insistent on this being a nothingburger?

>>50499600
>a random twitter account said it
>>it must be false

You idiots are no better than Reddit. Kill yourselves.

>>50499762
Bullish for PMs indeed.

>>50504646
Because fiat has never been more evident to be based on confidence in tyranny through a system so corrupt you as a player have no real influence over the financial instruments shaped to dictate whether every public transaction as legit value to it.
That's for the class of people owning the system to decide, and so, the incentives to your actions, is dictated, and all you need to do is play along with the monopoly game and think their centralized assets have value for it to have effect.
Oh, and by the way. Your're forced by law as a service enabler in the public sphere to accept (((their))) currency as legal tender. Otherwise you're a criminal and a public threat and the monopoly on violence is in the hands of the state, so in that way the only thing the state is backed up is by r consent into slavery. It's that simple. It is plain ignorance only allowed to a degree because if people realize this on a critical scale, confidence is gone, and the state is backed by nothing again untill you probably will have a team of players acing to legitimize their country into the playing field -again - and again - until some sort of real governance is figured out while shady, centralized actors are exposed, perhaps through this technological breakthrough we call blockchain tech, but what is most critical in play is the will of moral actors in unison who are not assassinated or silenced.

Not your safe.
Not your money.

>>50499600
>You idiots are no better than Reddit. Kill yourselves.

>>50499536
wtf? I love china now

>>50499536
Funds are not authorizedu

>>50499600
This. Best post.

>>50503415
Chinese social media have AI scanners that auto delete anything against party lines and report you to the police. Get with the times grandpa.

For anyone doubting the Chinese bank crisis: even Reddit and Twitter are discussing it, and those aforementioned shitholes are woke bugmen hives of leftoids who simp for the Chinese government. Ergo, if they're talking about the problems with the chink banks, you know shit is real.

>>50499631
Correct. What's a birth (berth) certificate really?

>>50499536
Based
For the glory of China. I will give up every paycheck.
Every ounce of wealth towards my home country is another step closer to domination

>>50503415
>just trust the most censored social medias.
You have to be naive or just an idiot

I hate banks so much it's unreal. If only crypto wasn't a 'get rich fast scheme' and could actually replace the banks...

>>50501931
But this isn't "real" communism

>>50507925
For real... "but my Chinese owned and monitored app isn't posting anything about the communist lock down of funds... must be fake and gay"

nothing ever happens

>>50507966
So what is "real" communism?

>>50499577

>>50508258
I dunno, liberals are always spouting that bullshit everytime you point out that communism is shit

>>50499536
The folks that own the money only let you borrow it sometimes.