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RE: Crypto Roundup

in #bitcoin7 years ago (edited)

Good post. I am giving technical analysis a lot less credibility right now due to all the head games China is playing with everyone. I for one do not think this regulation talk is a simple fix for crypto currency or good for the long run. If crypto currency/technology could turn its back on China before China turns its back on crypto currency/assets we could all move forward without worrying about their petty Orwellian-authoritarian Animal Farm politics to bring the hammer down on EVERYTHING they can't financially control or benefit from.

If China's plan is to stick its fingers in every ICO the new projects would not only have to present a good idea and team, they would have to prove that idea's benefits to the Chinese Govt, Banks and upper classes. Their exchanges would only support Pro-Chinese technology. Mostly assets at that. Not very Satoshi of them.

Crypto Currency, contracts and services do not need China. I say the crypto world's micro economies isolate THEM. I'm prepared to piss 1000.00 dollars down the drain to see the freeze out. (So long Neo, Bytom)