[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 41 KB, 607x341, C03110F0-02F8-4BFA-B108-085E280EB453.jpg [View same] [iqdb] [saucenao] [google]
10383574 No.10383574 [Reply] [Original]

Incoming FUD

https://www.coindesk.com/chinese-region-to-shut-down-illegal-bitcoin-miners-by-september/

>> No.10383676

>>10383574
So? What's new information here? It's been banned no shit they're going to try to crack down on it. China is going to fomo in after other countries deep it relevant for the future. China isn't a bunch of idiots they're not going to behind when America and the rest of the world is starting to adopt it.

>> No.10383714

>>10383574

> illegal mining

Implying there is still legal mining

>> No.10384387

>>10383574
I don't understand why china wants to get rid of a great source of income.
They could just nationalize it and keep the bitcoin for themselves. If anything at least they can have some control over it.

>> No.10384403
File: 51 KB, 1152x648, D3795643-879B-4580-A873-4080CF3EB81C.png [View same] [iqdb] [saucenao] [google]
10384403

>> No.10384451

>>10384387
Because their elites want to accumulate and keep it out of the general populace's hands. Once they're done, they're you'll see a gradual ease of restrictions once their upper class knows that they've got a heavy enough allocation/control of BTC.

>> No.10384455

>>10383574
Their master plan is probably to confiscate all mining equipment and centralize the mining into the hands of the Communist regime. Then legalize Crypto's once they feel satisfied with their mining power. Ruthless, but smart move nonetheless.