Wolex Posted April 9, 2019 Share Posted April 9, 2019 https://todaysgazette.com/ripple-xrp-will-become-no-1-if-china-bans-bitcoin-mining/ Esprxp and Artificer 2 Link to comment Share on other sites More sharing options...
JannaOneTrick Posted April 9, 2019 Share Posted April 9, 2019 https://todaysgazette.com/ripple-xrp-will-become-no-1-if-china-bans-bitcoin-mining/ Fixed for you Barnabas and Esprxp 1 1 Link to comment Share on other sites More sharing options...
dr_ed Posted April 9, 2019 Share Posted April 9, 2019 I read about that elsewhere this morning, the whole mining ban idea, which has been speculated about for a long time. From what I can parse, the Chinese would like to replace BTC with their own pre-mined coin (or coins), with EOS and Tron being the likely suspects. Neither is close to being able to replace BTC in the short run, and I expect BTC will be around even after the PROC outlaws mining, because there are other places with cheap electricity. Maybe a slow phase out over a few years is the most likely scenario. But short term I'd expect BTC to take a hit if they make any kind of negative announcement.. It might launch XRP to a higher level. Hard to say though. I hope they do go slow with any changes on mining. The market we happen to be in right now is being driven by BTC. Link to comment Share on other sites More sharing options...
scoobysi Posted April 9, 2019 Share Posted April 9, 2019 I'll believe it when I see it, and I'd rather not & have a smaller slice of a bigger cake as BTC dying would hurt everything too much. Anyway my point is China has been saying this & manipulating the market with such threats for years...…. Link to comment Share on other sites More sharing options...
JannaOneTrick Posted April 9, 2019 Share Posted April 9, 2019 (edited) I really doubt China bans Bitcoin mining under the pretext it wastes a lot of electricity. Since when China cares about environmental issues ? This country has been an environmental hazard and time bomb for decades and I don't see it coming to an end anytime soon. Edited April 9, 2019 by JannaOneTrick Link to comment Share on other sites More sharing options...
Phintech Posted April 9, 2019 Share Posted April 9, 2019 10 years old and still struggling to hold 4 tps. Still no use case. Immense waste of natural resources. Just because it was first doesn’t mean it makes sense. Link to comment Share on other sites More sharing options...
Yodaxrp Posted April 9, 2019 Share Posted April 9, 2019 29 minutes ago, JannaOneTrick said: I really doubt China bans Bitcoin mining under the pretext it wastes a lot of electricity. Since when China cares about environmental issues ? This country has been an environmental hazard and time bomb for decades and I don't see it coming to an end anytime soon. Believe me, they formally care a lot! Meaning laws are very restrictive (like for S in steam coal and coking coal). Application of said laws is in any case "very selective", guess you know what I'm meaning... Link to comment Share on other sites More sharing options...
cryptoxrp Posted April 10, 2019 Share Posted April 10, 2019 Banning mining would be a real savior for the environment. Finally a country who is willing to ‘step up’. This ban on mining is just part of biggr plans to live on this planet more environmentally friendly. And China has a long way to go in that sense, It can be a very positive step. Link to comment Share on other sites More sharing options...
Dario_o Posted April 10, 2019 Share Posted April 10, 2019 This likely is just a fake news. JannaOneTrick 1 Link to comment Share on other sites More sharing options...
JannaOneTrick Posted April 10, 2019 Share Posted April 10, 2019 Being a genuine nature lover and ecology defender, I won't hold my breath until I see real actions. I lost faith in human beings in that regard. Link to comment Share on other sites More sharing options...
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