The Chinese Ban Just Keeps Proving Satoshi Nakamuto’s Point

The core reason Bitcoin was created was to give the people financial freedom and give them control over their own money. This was done using the blockchain and smart contract, making it so hard to be centralized. This inspired other cryptocurrencies and the altcoins were born and it led to more financial technologically improvements later on.

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At this time, the Chinese government should stop humiliating theirselves and stop making their selves the laughing stock and leave cryptocurrencies alone. Cryptocurrencies can’t be banned, it can’t be controlled because it’s literally a coin of the people, for the people and by the people. The governments are just sad and angry that they can’t control the people and their finances any more. China has banned lots of things and these includes social media like Instagram, Facebook, Twitter and YouTube. This was possible because they are centralized. Do you think that these ban is done to enforce forceful obedience on their citizens thereby ensuring control over them, if so, it’s fortunate that bitcoin wasn’t built to work like that.

Bitcoin and cryptocurrency work on a peer to peer basis that eliminates authorities from the government, so in this way no one is the ruler nor the minor. Everyone is treated equally regardless of their location or who they are .The consistent announcement from China towards bitcoin and cryptocurrency ban just keeps proving that they might be against freedom and they can’t control the power of bitcoin. As a matter of fact, it just keeps making bitcoin more popular. The stress,sorry struggle, China has been going through to ban bitcoin in their country just shows how decentralization is truly the solution to a revolution.

Cryptocurrency through the help of bitcoin has shown us that they are tools to fighting oppression. The country banning cryptocurrency is just moving capitals and opportunities out of their region to another region. Most of the incentives benefited by a county through foreign exchange and international trade done with cryptocurrencies won’t be getting to China.

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7 comments
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CCP is showing us the structural weakness that result from their authoritarianism. Hopefully, it will be a learning moment but not holding my breath on that.

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There's nothing to be banned by China anymore. All this cheap show that was thrown at us recently was a last dump caused by whales before the real deal begins. Not everybody has the eyes to see that.

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