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RE: Why investing in Chinese Steemit might not be stupid afterall
You are right that this might be easier method. Is it the same as openledger?
I don't really care because I'm signed with my real name everywhere so let it be :)
Yeah, the same as openledger. YOYOW is a project of the Bitshares team. I agree with you; it's got a lot of potential in the Chinese market, and I hope it can be avoid being censored by the government. The censors closely monitor all the other domestic social media for dissent and criticism of the Party.
According to the white paper YOYOW is controlled by "the council" which are elected members. They can "hide" something from the blockchain but it requires a consensus vote. This is not surprising since this is a Chinese company and the Government needs some control.
Regardless I think this could be a good speculative bet since the Chinese are basically crazy gamblers with not many places to gamble.
I put my 1/4 of a Bitcoin in so we will see what happens.