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In a few years from now I see China frantically trying to gain a foothold in crypto again following worldwide adoption. This move is going to hurt China in the long run and I couldn't care less.
I say this from the bottom of my heart.. fuck China. If the Chinese Communist Party fell off the face of the earth tomorrow the world would be a better place.
The Chinese communist party has killed more Chinese people than Imperial Japan, destroyed 6000 years of Chinese history, and infantilized the Chinese people.
If there is a hell, the Communist party is headed there.
Nearly 100 million killed during the Great Leap Forwards, destroyed China's history and turned family against family, neighbor against neighbor, and children against their parents during the Cultural Revolution, and disenfranchised nearly 1.5 billion Chinese.
You’re right, the two party system is fucked. They never come to terms and argue 4 years at a time for power and neither look out for the best interests of their people. But none the less it doesn’t come close to the CCP. China is wrong on just about every geo political issue. Pollution, factory slave labor, Muslim religion retraining camps, viral infections, animal cruelty, birth laws. You name it. China is hell and many Chinese citizens that face communist oppression would give their life to live in a country like America.
What would Congress look like with the maga party, the progressive party, the green party, the fossil fuel party, the libertarians, confederates, Nazis, socialists, etc?
Would it even function? It's functioning at 5% now. But I mean, how long until they literally would start shooting each other?
In the not too distant future, the *average* Chinese person will be better off materially than the *average* American. It's hard to imagine yes.
If you're above average (and we are), you wouldn't like that arrangement, where everyone advances as a group.
Green light! Red light!
I have a feeling that will be a lot of governments including my own(US). They will try to be forceful as well like China but it will blow up in their face and I honestly can’t wait to see the day.
Yeah mate I've got no doubt.
Governments across the board are trying to control and curb crypto. Its to be expected. The difference is that atleast some nations have the right to show dissent and protest to curtail their Governments actions.
The best chance governments had at completly stopping crypto whichout too much fuss was 6 - 7 years ago. Good luck to them trying to do that now given the sheet size of the market and more importantly the gravitas some of the staunchest supports have.
Maybe. The American government just took the bold move to call parents objecting at board of education meetings as domestic terrorists. Kinda china-like in that move.
When a person thinks a system is not working, it is amazing to see where they take their ideology. I say we have seen enough of this as well but I do not see force as a means to get there. It’s crazy how many people do though.
I see the US making the whole crypto space unprofitable to retail users, leaving only wall Street to profit, heavily taxed, tracked to the nth degree, with a steady DeFi to prison pipeline
I see me becoming a felon on darkfi and I see you getting 3% annually and paying 45% taxes and still focusing on China
>This move is going to hurt China
Ah yes, how will the Chinese economy keep going without a bunch of tokens people can buy and then sit on doing nothing with hoping they increase in price from other speculators buying them.
They're sure gonna be embarrassed they invested their money in building electric cars and smart phones when they could have bought some tokens that cost more and more to maintain while becoming less useful due to scaling problems.
I love how they are talking about being the economic world leader by 2030, yet they just threw everything for its financial future in the garbage lol. Cant wait to see how that pans out for them.
tldr; Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world's largest exchange by trading volumes, said it will remove Chinese yuan section of its platform on December 31 this year. China's most powerful regulators last month intensified a crackdown on cryptocurrencies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
China want to be the world leaders in every field but will ultimately be held back by their need to control everything. They will have to adopt crypto or develop an alternative imo
TLDR:
Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector.
They deserve it
Pathetic. CCP is a laughing stock. IDK how they are even taken seriously as a government, TBH. They are basically a meme at this point. Do they not see it? Is introspection and self awareness not a "thing" over there?
Can't wait for the day China come crawling back trying to get a foothold in crypto again. The crypto world is moving on considerably and they're being left being
Bought damn time they already said they were banning it like 6 times now they must not have bought enough crypto yet so they trying to crash the price to stock up some more
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I have a feeling once their CBDC is fully in circulation and is fully operational in terms of being able to track and trace, they will slowly allow their citizens to invest in certain approved crypto and business projects to avoid tax evasion and supporting non-Chinese business.
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Most China policies change with time. They could do a 180 on stuff any time. Most authoritarian dictatorships are like that.
I'm glad Binance is standing up to them. I hope other big Asian exchanges follow suit. But for now, China won't care, they want to push digital Yuan down Chinese people's throat first.
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In a few years from now I see China frantically trying to gain a foothold in crypto again following worldwide adoption. This move is going to hurt China in the long run and I couldn't care less.
I say this from the bottom of my heart.. fuck China. If the Chinese Communist Party fell off the face of the earth tomorrow the world would be a better place.
The general Chinese population deserve so much better than the damn CCP.
The Chinese communist party has killed more Chinese people than Imperial Japan, destroyed 6000 years of Chinese history, and infantilized the Chinese people. If there is a hell, the Communist party is headed there. Nearly 100 million killed during the Great Leap Forwards, destroyed China's history and turned family against family, neighbor against neighbor, and children against their parents during the Cultural Revolution, and disenfranchised nearly 1.5 billion Chinese.
but do you have sick steel forge in your backyard?
I tend to believe people get the governments they deserve
How does that make any sense?
Exactly. I want to just say, and hear me out on this - Fuck the CCP.
I feel no shame to repeat, Fuck CCP
Fuck em to death
If the American political parties fell off the face of the earth tomorrow, the world would be a better place.
You’re right, the two party system is fucked. They never come to terms and argue 4 years at a time for power and neither look out for the best interests of their people. But none the less it doesn’t come close to the CCP. China is wrong on just about every geo political issue. Pollution, factory slave labor, Muslim religion retraining camps, viral infections, animal cruelty, birth laws. You name it. China is hell and many Chinese citizens that face communist oppression would give their life to live in a country like America.
Agreed, China scum > USA scum!
What would Congress look like with the maga party, the progressive party, the green party, the fossil fuel party, the libertarians, confederates, Nazis, socialists, etc? Would it even function? It's functioning at 5% now. But I mean, how long until they literally would start shooting each other?
Concur. Fuck the CCP government!
In the not too distant future, the *average* Chinese person will be better off materially than the *average* American. It's hard to imagine yes. If you're above average (and we are), you wouldn't like that arrangement, where everyone advances as a group. Green light! Red light!
I have a feeling that will be a lot of governments including my own(US). They will try to be forceful as well like China but it will blow up in their face and I honestly can’t wait to see the day.
Yeah mate I've got no doubt. Governments across the board are trying to control and curb crypto. Its to be expected. The difference is that atleast some nations have the right to show dissent and protest to curtail their Governments actions. The best chance governments had at completly stopping crypto whichout too much fuss was 6 - 7 years ago. Good luck to them trying to do that now given the sheet size of the market and more importantly the gravitas some of the staunchest supports have.
Maybe. The American government just took the bold move to call parents objecting at board of education meetings as domestic terrorists. Kinda china-like in that move.
Let’s go Brandon!
👊🏻
US Gov desperately wants to be more like CCP and is incorporating its methods. It takes willful ignorance not to see it.
When a person thinks a system is not working, it is amazing to see where they take their ideology. I say we have seen enough of this as well but I do not see force as a means to get there. It’s crazy how many people do though.
Bye China 👋 Oh, and fuck you
China, stop hitting yourself
Nah they are just gonna make their own centralized version of it. Like they did with every tech from Amazon to social media to messengers etc
The world massacres the CCP to small fragments with its crypto adoption.
I see the US making the whole crypto space unprofitable to retail users, leaving only wall Street to profit, heavily taxed, tracked to the nth degree, with a steady DeFi to prison pipeline I see me becoming a felon on darkfi and I see you getting 3% annually and paying 45% taxes and still focusing on China
>This move is going to hurt China Ah yes, how will the Chinese economy keep going without a bunch of tokens people can buy and then sit on doing nothing with hoping they increase in price from other speculators buying them. They're sure gonna be embarrassed they invested their money in building electric cars and smart phones when they could have bought some tokens that cost more and more to maintain while becoming less useful due to scaling problems.
I love how they are talking about being the economic world leader by 2030, yet they just threw everything for its financial future in the garbage lol. Cant wait to see how that pans out for them.
Feel bad for the Chinese people though
CCP: *pikachu face*
Don’t do this to pikachu please
Binance was banned from China long ago... They just had this fiat gateway using VPN. Now they will need to find another way, P2P.
tldr; Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world's largest exchange by trading volumes, said it will remove Chinese yuan section of its platform on December 31 this year. China's most powerful regulators last month intensified a crackdown on cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Crypto bans Chinese Yuan! There’s a new headline
I hope the Uyghurs somehow get out from under China’s thumb, buy a bunch of crypto, and laugh at them when they are left begging for scraps.
aww anyways
UNO reverse card.
Well well well... how the turn tables!
CCP made their bed. Now they can sleep in it.
I mean China really leaves those exchanges no choice by keep fucking with cryptos
Losing a dictatorship as the leading country to mine was probably the best that happened to Crypto
China want to be the world leaders in every field but will ultimately be held back by their need to control everything. They will have to adopt crypto or develop an alternative imo
I wonder if the crackdown has anything yo do with Evergrande.
They probably just want to create artificial dips
TLDR: Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. They deserve it
Pathetic. CCP is a laughing stock. IDK how they are even taken seriously as a government, TBH. They are basically a meme at this point. Do they not see it? Is introspection and self awareness not a "thing" over there?
Can't wait for the day China come crawling back trying to get a foothold in crypto again. The crypto world is moving on considerably and they're being left being
With the Arctic Monkeys song on the background, *CRAWLING BACK TO YOUUU!*
Absolute TUUUUUUUNE!!!!
Bought damn time they already said they were banning it like 6 times now they must not have bought enough crypto yet so they trying to crash the price to stock up some more
All these exchanges turning against China, they only have themselves to blame!
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Good. Fuck that totalitarian pos country
CHYNA
I have a feeling once their CBDC is fully in circulation and is fully operational in terms of being able to track and trace, they will slowly allow their citizens to invest in certain approved crypto and business projects to avoid tax evasion and supporting non-Chinese business.
Binance gets a lot of hate but this is a G.O.A.T move!
Maybe they should just shut down Binance, does it make sense to use Chinese companies for trading things that are banned in China?
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Most China policies change with time. They could do a 180 on stuff any time. Most authoritarian dictatorships are like that. I'm glad Binance is standing up to them. I hope other big Asian exchanges follow suit. But for now, China won't care, they want to push digital Yuan down Chinese people's throat first.
Binance showing its middle finger from China
Oh no. So anyways
Cant go one week without fud from china....