foheadDynasty
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Royal patron of the Palace Arts
Posts: 620
Likes: 196
Ethnic Heritage: Celestial manifestation
Gender Identity: Dominatrix
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Post by foheadDynasty on Oct 30, 2017 4:22:29 GMT
Correct me if I'm wrong but it looks like profitability on mining cryptocurrency has to do with the amount of readily available cryptocurrency that can be converted into viable currency due to new criteria assigned to cryptocurrency. But if China has so much computing power, affordably, resourcefully, tentatively, indefinitedly, assuredly, why does China ban bitcoin?
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eldertree
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Manager of Imperial Park Realms
Posts: 847
Likes: 286
Ethnic Heritage: Chinese in a Chinese body
Gender Identity: Cis
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Post by eldertree on Nov 5, 2017 11:37:53 GMT
Correct me if I'm wrong but it looks like profitability on mining cryptocurrency has to do with the amount of readily available cryptocurrency that can be converted into viable currency due to new criteria assigned to cryptocurrency. But if China has so much computing power, affordably, resourcefully, tentatively, indefinitedly, assuredly, why does China ban bitcoin? I think China banned bitcoin to reduce volatility and protect its own market and economy. The fuerdai for example would be able to exchange ¥ into Bitcoin and then reduce traceability if they were to invest lots of questionably acquired cash overseas. So I think it's a measure to prevent weakening China's currency and finance.
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foheadDynasty
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Royal patron of the Palace Arts
Posts: 620
Likes: 196
Ethnic Heritage: Celestial manifestation
Gender Identity: Dominatrix
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Post by foheadDynasty on Nov 16, 2017 2:40:28 GMT
The guy in the video has scrotal ear lobes.
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