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Hi nostr:npub1syjmjy0dp62dhccq3g97fr87tngvpvzey08llyt6ul58m2zqpzps9wf6wl is this true? https://x.com/unusual_whales/status/1951827359159443485?t=XVklc7aOmbbKQ6hs5knWpw&s=19

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Tracking Token Disrespector 5mo ago

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https://x.com/unusual_whales/status/1951827359159443485

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?t=XVklc7aOmbbKQ6hs5knWpw&s=19

Cody 5mo ago

Isn’t this something that happened years ago? China used to be the world’s largest crypto trading market and controlled over half of Bitcoin’s total hash rate. If the government hadn’t cracked down, USDT probably wouldn’t be the dominant stablecoin today. That said, having one country control such a large portion of the hash rate might have raised concerns about Bitcoin’s security anyway.

Also worth noting: what’s actually banned is the exchange between crypto and fiat. That’s something most people tend to overlook.

idsera 5mo ago

When people in China wants to buy or sell Bitcoin, what tools they use?

Cody 5mo ago

Offshore exchanges, such as Binance. However, there is a risk of receiving tainted money, which could lead to bank account freezes. Alternatively, cash transactions in Hong Kong are an option.

vnprc 5mo ago

😂

YODL 5mo ago

Wasn't so funny may 19,2021 😭

vnprc 5mo ago

bitcoin comes back stronger every time

YODL 5mo ago

Yes yes, I just remember assuring people that they always do this and it's no big deal, only to be proven very wrong.

What I don't understand is I never see any input from the mythical Chinese bitcoiners on these things. I have to rely on some clickbait headline and wonder.

vnprc 5mo ago

yeah they are too smart to make public statements. you don't survive a hostile regime with a high profile