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A comment on The China ICO Ban. Parent comment

Re:The China ICO Ban by aianus on Tuesday September 05, 2017 @02:14PM (#15177734)
It's illegal to convert Yuan into USD but that doesn't make the USD worthless. Similarly with Facebook, Google, etc which are all banned in China. If the Chinese government is the only government that bans Bitcoin, I would put my money on Bitcoin.

Of course if they convince the EU and US to join the ban then I would agree with you.

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Re:The China ICO Ban by korzun on Tuesday September 05, 2017 @02:50PM (#15178056)
Comparing USD to Bitcoins is a sign of drinking too much Kool-Aid.

The U.S will never allow a bunch of randoms to have any financial leverage because they 'mined' a virtual coin. Corporations and people with money will just flee the country.

People with serious money laugh at Bitcoin 'millionaires'.

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Re:The China ICO Ban by aianus on Tuesday September 05, 2017 @03:15PM (#15178256)
Umm ok? I don't see the connection to your previous point which was saying the Chinese government can single-handedly destroy Bitcoin worldwide (or even in China).

Drugs are highly illegal all over the world and yet it's still easy to buy them with a few phone calls. Now imagine if drugs could be shipped instantly over the internet from another jurisdiction where they were legal. There would really be no way to stop them. China can't do shit on their own if Bitcoin stays legal in EU/US.

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Re:The China ICO Ban by westiseast on Tuesday September 05, 2017 @04:37PM (#15178902)
Not saying you're wrong, but isn't a lot of the massive rise from ~200 USD up to ~3000 USD related to Chinese activity? And Chinese farms mine most of the bitcoins now?
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