Chinese government is cracking down on alternative exchanges. This is how governments work people. Please stop wishing for regulations and collaboration with them. Just say no.
Chinese governments, or as I like to call them - criminal mafia-like scumbags is escalating their crackdown on crypto-trading.
Now they are targeting platforms and mobile apps that offer exchange-like services, according to this Bloomberg article.
We all remember how the fascist governments in China shut down crypto currency exchanges this summer - which created a lot of FUD, but only resulted in cryptos going for new all time highs month after month?
That's right. The more communist, totalitarian and fascist governments are - the BIGGER governments are, to more the country suck. Just look at the facts. Countries who give their people MORE freedom - good countries. People who give their people LESS freedom - SHITHOLES (as Trump would have put it)
Unlike some, I don't blame the Shitholes known as countries on people. I blame them on government. The structure known as government.
Now, the Chinese government plans to block domestic access to homegrown and offshore platforms that enable centralized trading..whatever the hell that means. They will also TARGET individuals and companies who provide marketmaking, settlement and clearing services for centralized trading.
Listen guys, again..I will repeat this until the day I die. What you are experiencing now..this euphoria, the cryptocurrency boom, the fact that thousands upon thousands are quitting their jobs, reducing to part time, having much higher dopamine levels and lower cortisol levels...well..that's because you're tasted the FREE MARKET. Nothing else. Laizzes Faire capitalism. Here it is. How do you like it? You like it right?
Well..then stop trying to argue for in-between solutions and compromises. You can't compromise with mafia. Either someone takes your money and decides for you what you can and cannot do, even if it doesn't hurt anyone - or you embrace FREE TRADE no matter what. You'r money, you'r life.
But but..capitalism isn't perfect. No..nothing is perfect. But like I said..you do like the taste of real freedom don't you? I sure do.
So don't let this FUD freak you out.
Like I've said before..this is the easiest yet the hardest battle. All you have to do is #HODL
Nobody is going to rebel. Look at Venezuela. Starving according to media, yet no revolution. Looks like you can dumb down the sheep to the point of NOTHING.
It's sad, but it hasn't changed in thousands of years. I don't even think American's know why they had a revolution anymore. The media can dumb down anyone, anywhere.
Yeah Agree..well, I guess history shows us that over and over again.Even though it's governments who have put us through wars upon wars upon wars, dividing us, sending us out to fight, stealing our money (taxation) putting us in jail if we don't agree to "the social contract"..even though countries KILL half their own population, or jews or have camps like the commies or the nazies..even though ALL that..people still come lurking back to the politicians.
"We'll do better this time.."
Then governments have slowly learned that as long as they give humans SOME freedom, like the cow that produces more milk if it has some freedom, some grass, some way of moving about..humans do too. But don't let humans become too free! There must be a balance there...
God I hate that narrative. And 99,99% of all people is into that. Even so called anarchist. They're not anarchist. They just want another form of government based on THEIR OWN philosophy, their own set of rules. Cowards.
No force, no government, NO taxation. That would heal the world momentarily. And we're seeing just a tiiny bit of it now. And still people don't get it.
Thanks for the post AS always! Kryptoverden blir gøyere og gøyere dag for dag! Men tror ikke de kommer så veldig langt med det, prisene vil skyte til himmelen om de prøver og stenge for trading av krypto
Thanks! Yup. No stopping the train. They can hinder it for some time or put people in jail. But it's not going away :)
Imagine the world where you could take your own pension fund and - invest as you like with your own responsibility. Imagine tens of thousands (hundreds?) of $ / Eur in the hands of the citizens. Just imagine the flourishing of business. What a boost that would be.
Let the people earn something, let them make some products, services, money - tax them later... Or don't tax at all, they will be buying goods, services, they will pay indirectly.
Just see what happens when people have to take responsibility. Cryptos are a perfect example. You HAVE to read carefully. You HAVE to do things slowly and correct. And that improves your attention span, it improves the quality of the stuff you watch in order to learn - which in order improves the competition for valuable content. And on and on it goes.
This is exactly what "ancoms" don't get.
I always hated the simple rule of physics that is applicable to political sciences: if you want to progress faster, the resistance will grow exponentially. And for me, that is absolutely wrong.
Government will do what ever it takes to slave people, and they will succeed as long as regular people will remain ignorant.
Interesting that the only other country to equally appear in most ICO bans is the US.
And I think this explains where they are heading "People who give their people LESS freedom - SHITHOLES (as Trump would have put it)". Ironic?
Yeah, America is slowly turning into a shithole as well. They need to find back to their capitalist ways. Now they have a semi-fascist moron as a leader, and on the other side they have self destructive morons called democrats/SJW's - which according to themselves are against fascism, but in fact they are even MORE fascist. So. good luck with that.
I agree with everything, except with the final part, I do not think the Chinese withdraw the communists who govern them, it's sad, but the culture of submission to the State that has been created in that place is very big.
Agreed.I removed it :) It was the red wine of revolution talking to me
Although Bitcoin is valid on the continent of Europe, Bitcoin is still illegal in the continent of South Asia. That is why every country in South Asia is taking action against it.
Because in these countries there is no real freedom.
The rulers are afraid of losing their power
yup, hodling. What's funny is, the more you try to ban something, the more people will want to get in. Scarcity leads to increase prices, and higher prices lead to more speculators. It's a vicious cycle. The only way the government can do anything is to block and destroy the Internet outright. Perhaps, every single computer on Earth.
I think this post is very helpfull . Thanks to you :)
The process does not stop.
The Internet Information gives freedom.
Even the bans can only spur the opposition of the people.