It is the Chinese state agency Xinhua has an article on the front page published entitled, ” Bitcoin: the first successful application of the Blockchain technology.’ And that is eye-catching, not too long ago seemed to be to the bitcoin news from China in particular have to be negative.
Ever since President Xi is a positive comment about the blockchain (and the price rise of over 40%) is hosanna.
A Chinese state newspaper today (Xinhua)
Bitcoin is The First Successful Application of Blockchain Technologyhttps://t.co./85icR9FcAH pic.twitter.com/8ZOF6UBSzw
— Matthew Graham (@mg0314a) November, 11, 2019
Contents
Bitcoin is a tulpenmanie
If you are in the language, and the body of a message to read that it can also be found on the website of the daily newspaper. To the extent that Google Translate is reliable, and to answer the article’s question of whether bitcoin is a law of development, or a sensation, such as the tulpenmanie.
A detailed explanation
You then submit the article to explain that bitcoin is different from items to money, and that gold and silver will not form the basis of the value of the currency. It also explains what a blockchain and that bitcoin is the first successful application of it. How could it be otherwise, since the blockchain for the bitcoin did not exist, and it is specifically designed for bitcoin.
The article also goes on to briefly discuss the technology. Bitcoin is an open-source P2P cryptocurrency, called. Also, to get the readers an explanation of how the transactions and the mining work. The only sad part of the story is that bitcoin is used for money laundering and illegal stuff on the dark net to buy it.
Blockchain has a breaking point
Xinhua isn’t the only one staatskrant, which is a positive outlet on blockchain. The People’s Daily, the official mouthpiece of the Communist Party of China, called for the development of the blockchain, recently a ” breaking point,’ one of China’s need to embrace it.
Those are the words of the president Xi Jinping. He has stated publicly that the blockchain is a good opportunity for the communist state.
More good news
Since the ruling was the threat that the mining of the bitcoin is illegal can be explained, it is also not realistic. The Chinese national development and hervormingscommissie have the ban revoked.
Now, there are so many positive bitcoin news out of China, which is only waiting for the moment when China’s trade in bitcoin and the cryptocurrency’s dissolution. This has been in effect since september of 2017.