China and Cryptocurrency

China has a rich diversity in terms of culture, has several important philosophers of history, has one of the 8 wonders of the world called "The Chinese Wall", which has an incredible history of the hard work of its people and has more than 21,196 km , going through the great history of terracotta warriors to finish in the beautiful mountains of Yangshuo, in addition to an incredible technological advance and one of the largest sources of exploitation of cryptocurrencies around the world.

Today, Asia is one of the most technologically developed continents, in the case of China, it represents more than two thirds of the global processing power dedicated to cryptocurrency mining, and it also houses some of the main hardware creators to undermine the BTC. . has been one of the biggest supporters of the development of cryptocurrencies, perhaps had it not been for China, the creation of the great Satoshi Nakamoto the "BTC" would not have the great impact it had on the world economy and that began the creation of all the crypts that are nowadays in the market (among which we can see the best crypt of the total anonymity called ONION), since we know that they are the most loyal followers and workers in the mining area. The rural region of Sichuan has been the center of attention because a large percentage of mining comes from this city, so this province is an incredible source of cryptocurrencies, since I could see that more than 72% of the international distribution of BTC in China, since the low cost of electricity consumption in the Asian giant and all the available technology they possess, make China be in the eye of the international mining market of BTC and other Altcoins to generate in their mining fields due to its incredible processing capacity.
Shichan Province has attracted much interest from many investors and crypt entrepreneurs around the world in recent years, as the whole province has ample access to energy and offers huge savings in electricity costs for mining companies that operate in Shichan, practically this province has become the focus of attention when it comes to mining cryptodivisas, Shichan is an area that is traditionally dedicated to agriculture and livestock, however, this province of China is not only known for its large fields, is now known throughout the world because it has an incredible number of fields in terms of mining, which provide a high percentage of the processing of BTC, ONION and other Altcoins; however, the absence of government-backed regulation of the Altcoins mining practice has introduced the Chinese central government to halt the cessation of commercial mining operations.

However, since the Central Bank of China banned the ICO, although it is said to be a stop, which means that this restriction may be lifted in a few months or years, who knows, but may come with surprise (Initial Coin Offering or as highlighted by BBVA, are a form of business financing, which unlike traditional financing, or even a public sale operation, the company offers the market "Tokens" (the most accurate definition of "Token" is the gives the great William Mougayar which says the following "a unit of value that an organization creates to govern its business model and give more power to its users to interact with their products, while facilitating the distribution and sharing of benefits among all its shareholders "), and its investors pay with cryptocurrencies, be they BTC or ETH and possibly all the cryptos that are being recognized), considering that it is an illegal practice fundraising, a few months ago, to be exact on September 4, 2017, the value of the BCT and ETH currencies which were leading the cryptocurrency revolution at that time significantly decreased, the BTC suffering a decrease of 10% leaving it close to 4,150USD per unit and ETH falling precipitously by 19% leaving it at 283USD per unit.

The next step of the Chinese government is to implement an increase in electricity billing in the areas that are used as a mining strategy to obtain more profits, be it in Xinjiang, Inner Mongolia or in any area where electricity is cheap. We can already see that we have a problem in extracting ONION and other Alcoins from our Chinese community, so we can realize that the Chinese government is not playing and is really serious about giving us where it hurts the most, so I could see that they often have very hostile policies on economic issues, the implementation of these measures will surely have serious repercussions in the global market.

In my personal opinion, it seems to me an act of repression totally evident to the people of China, the real reason why they implemented these restrictions, whether to ban the ICO and the restriction that comes from electricity for the miners by the hydroelectric industry is to weaken as much as possible the other cryptocurrencies and thus create theirs to obviously have the greatest demand in the market, however, obviously they are backed by the central bank, since it hurts them not to be able to profit from the crypts and so demonstrate once again the Marxist principles for which they are governed and in my humble opinion, would not invest in a crypto that takes control and record of every transaction I made, then for me the onions came to me as a glove

Analyzing and studying the many crypts that are on the market, none of them has total and absolute anonymity, so I sincerely see DeepOnion and its Onion beyond the benefits offered to the investor, in addition, in the end, all investors want in a reliable cryptocurrency with fast transactions, secure and with total anonymity, so DeepOnion is perfect.

In a way, the Chinese government has earned the contempt of the entire community that revolves around cryptocurrencies for using such an unethical strategy, but also thanks for lowering the prices of crypts and for having been able to buy a good price. , of course. it only served the intelligent person who did not sell and had confidence in cryptography, in my case it was BTC, first of all a trader.

n conclusion, we can see that the Asian giant imposes a strong force in the continuous development of cryptocurrencies, however, the interference of the Chinese central bank represents a major obstacle to the development of this financing model that was growing strongly in recent years and we may sooner or later realize that central banks fear the expansion of these decentralized digital currencies, which could represent the biggest threat to the monopoly exercised by central banks over the issue of money. As I see things, it is only a matter of time before cryptos are in the service of all people around the world. The end of the banking dictatorship is approaching and for some reason the cryptodivisas (a clear example would be ONION through the DeepOnion community), are uniting people from all over the world, regardless of race, gender, age, language, lifestyle or philosophy.