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Oh sorry, yes i know what you mean. Its the big ….its frightening. Only controlled games And only for a few hours a week. You must be with your family and play family games. That in itself sounds positive but of course that not is the intent. And it is happening so quickly. America is a disgrace. They cant get anything done without someone paid for by fossil fuels (last 25 years being the worst). Its over chaps and chapesses. We now have 3/4 years…no friggin chance
Bit too old to know..but ….
Bit of red..bit of blue…makes an original purple poo poo . Little things please little minds like little trousers fit little behinds.
I also saw that they will choke your internet speed, if you play games for too long.
Control freaks.
Taiwan is next. But i have lived here for a while and i know a fair bit about their defences. China will never have the balls to invade taiwan! Its all bluster. They would love to have this island because of its chip industry and bragging rights, but they trade anyway. The chinese army are mostly scared forced volunteers. There are only a few landing sites on the west coast and the east coast is impossible. There are a series of underground tunnels and the ability to mine the west coast in 12 hours, leaving their sea attack impossible. And that is before support from japan and the west get in place. ITS JUST NOT GOING TO HAPPEN!
Thing is…. For btc to explode…….Bitcoin needs China and China needs Bitcoin.
Pretty sure China suddenly brought into law on a whim that any private companies in the education space were not allowed to make a profit.
Then stopped Ant financial IPO a year ago which was the start.
They’ve layered regulation on all tech companies - alibaba, didi, etc, and now are going after property wealth.
They basically don’t like the power the wealthy have and want to exist as a communist state and are struggling as the Chinese populous become more and more middle class.
Jackunion…was that you? I thought someone dropped their sandwiches. Thought they tasted a bit fungeeeish
excellent point slowroll. A major reason, IMO, that BTC will succeed, or at least will not be regulated to death, is the fact that the CCP are forcefully & completely rejecting it. "Your enemy is my friend" and all that....
Thanks slowroll. I ramble on about ****e at times but when i am serious,i do have the knowlege to back it up :-). Atb
I used to work in Wuhan as a lab cleaner a couple of years back but i got sacked when i accidentally left a freezer door open.
Splatted, I had a look at what you said about schools in China. This is what I found, you are quite correct.
"British-branded private schools in China will be forced to abandon their curricula and teach only lessons approved by Beijing as part of a broader push led by president Xi Jinping to ensure the ‘right’ thinking.
International schools – some linked to institutions such as Harrow and Dulwich – must now teach the same lessons as China’s state-run public schools from kindergarten to grade nine.
Private schools must “uphold the leadership of the Communist Party of China,” according to the new regulations.
The decision to steamroller curricula comes as China gives itself greater oversight on what children learn.
The “government [is] saying, from the age of six through to 15...‘we want to be able to control what they are learning, their views on, particularly, politics, history and geography,’” .”
Best thing the US and the West can do is embrace BTC to rival the Chinese gold backed digital renminbi. They've gone for gold we should go for Bitcoin!
I have a few years of taiwan visas on my passport, so i will be one of the first up against the wall
China is currently undergoing a massive change. Most people think that its just away from manufacturing and into service industries. But its much much more profound than that. Mr ping doesnt want to see anymore white faces in his country. They are getting ready for world dominance
Part of the new only chinese crackdown. Private schools are done for. The only ones left are the teachers who are willing to go out and teach private for cash in hand (albeit much higher rates now that so many foreign teachers have been forced out of the country) but then the visa will run out anyway
zydecoco, no worries. I had the same reaction as you, before I saw that link. I’m not even sure the Chinese said anything. Maybe it was just Bloomberg!
I worked briefly for a bitcoin exchange in shanghai in 2018. The DeFi is massive. Still in touch with a few colleagues who regularly post on wechat (their equivalent to Facebook), they still attend massive events all over the country with lots of fancy PR and dinners so i'm not sure how the supposed "China crackdown" has hampered them. From my anecdotal experience, there doesn't appear to be any visible change at all
Thanks K3VMC. Apologies, I did not know that China were just choosing to reiterate their old position, and so it is not new news.
Found the link to confirm that now:
https://www.trustnodes.com/2021/09/24/bloomberg-publishes-fake-news-on-bitcoin-as-china-prints-100-billion
splatted
“ However a friend of mine owns a school in schenzen teaching english and the foreign english teaching industry has been decimated nearly overnight.”
How did they do that?
Well china have been going against crypto for the best part of ten years now. We all know it is a very slow process for them so of course todays reaction was hysteria. However a friend of mine owns a school in schenzen teaching english and the foreign english teaching industry has been decimated nearly overnight.
Last call to add
zydecoco
“ I am thinking China's move will serve to effectively lock up a lot of BTC (?), as many will just HODL it rather than trade it (possession is not illegal in China), which will decrease liquid market supply...”
There was no China move. It was fake news, or more precisely, a repetition of China’s position, which was news years ago. Nothing has changed.
I am thinking China's move will serve to effectively lock up a lot of BTC (?), as many will just HODL it rather than trade it (possession is not illegal in China), which will decrease liquid market supply...
Good point Kev I hadn't thought of that. Yes completely agree that it is a distraction from Evergrande.
Wonder how many more times they can ban it in the future!
China only made that statement today to divert attention away from Evergrande and its failure to pay the $84 million in interest to bondholders by the deadline day which was yesterday. Lazy trick.
Bitcoin will fully recover in next 24 hours.
Should be a great day for ARBK today.