People's Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges banning bitcoin and alt coins even more.
People's Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges banning bitcoin and alt coins even more.
There goes down conspiracy theory posted by some GFY conspirator that China will do as much as possible to support bitcoin in order to devaluate dollar
I actually sold all my BTC today and now I'm having second thoughts. I might try to kick back in if it dips again this week. A few friends of mine and I just registered to invest cash into BTC actually.
There goes down conspiracy theory posted by some GFY conspirator that China will do as much as possible to support bitcoin in order to devaluate dollar
wait for the conspiracy theorists to brand this as another sure sign that china is protecting bitcion and that this new ban is ANOTHER form of support for bitcoin
Sure let me know when that happens meanwhile it's down 16%+ around $717 USD.
It only gets huge value as the system gets close to solving for all possible BitCoins & finally when it's all 'mined' / solved the value increase's exponentially but we are a ways off from that.
BitCoin FAQ...
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC.
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