De ce a interzis China mineritul Bitcoin? Iată cele șapte teorii principale

One of 2021’s greatest tales was the China ban on Bitcoin mining. On one hand, the information did have an effect on Bitcoin’s value and gave ammunition to the naysayers that assume that governments will outlaw Bitcoin. On the opposite, the community saved working with no hiccup, și-a recuperat hashrate-ul in document time, and gained in decentralization. However, a query stays. Why did China exclude itself from this very profitable exercise during which they had been dominating?

As Bitcoin entrepreneur John Carvalho not-so-eloquently put it, “I refuse to believe that China is stupid.” There must be a motive, even when it’s a easy one. To assist our viewers clear up the puzzle, NewsBTC determined to assemble all of our theories in a single submit.

Teoria interzicerii Chinei nr. 1: CBDC-ul digital Yuan

This one is as easy because it will get. When China a început să reprime mineri, NewsBTC reported: “As for the possible reasons, Bitcoin Magazine’s Lucas Nuzzi cites the upcoming Digital Yuan CBDC.” And Nuzzi stated, “They’re literally rolling out their own coin (a CBDC) that will enable the mass surveillance and unbanking of dissidents.”

1/ The CCP formally banning #Bitcoin ought to come as no shock.

They’re actually rolling out their very own coin (a CBDC) that can allow the mass surveillance and unbanking of dissidents.#Bitcoin is at full odds with that. Dictatorships don’t love freedom cash.

- Lucas Nuzzi (@LucasNuzzi) 21 Iunie, 2021

So, did China kill a possible billion-dollar trade simply to squash their CBDC’s competitors? Is that it?

Teoria interzicerii Chinei nr. 2: întreruperi

Is China having power points? In acelasi articol, we posed one other principle:

“In retrospect, we should always’ve seen it coming. Only two months in the past, following a suspicious blackout, NewsBTC a raportat:

According to the Beijing Economic and Information Bureau, there have been issues concerning the power consumption associated to those actions. PengPai quotes Yu Jianing, rotating Chairman of the Blockchain Special Committee of China, to assert that the cerințele de mediu ale țării ar putea duce la extragerea criptografică mai „strict reglementată”. Jianing stated this might be “inevitable.”

Cu toate acestea, ar dezafecta centrale hidroelectrice mici dacă acesta ar fi cazul?

Teoria interzicerii Chinei #3: Surse de energie mai curată

Rul nostruraport asupra hidrocentralelor mici’ supply was government-regulated media, so take it with a grain of salt. It begins with a declare that clashes closely with principle #2:

“According to the article, the heyday of personal energy vegetation in China was the start of the century. Investors constructed 1000’s of hydropower stations as a result of they noticed them as a relentless money cow. For their half, the areas close by noticed them as an indication of progress and an answer to their power issues. 

However, with the gradual surplus of electrical energy in China lately, the electrical energy generated by hydropower stations is usually destined to being deserted (generally referred to as “abandonment of electricity”)”

Nevertheless, the principle motive for the decommissioning gave the impression to be repairing the unique circulate of the rivers. “Hydropower stations have always been one of the important factors restricting the ecology of Sichuan’s rivers,” stated Wang Hua, deputy director of the Sichuan Provincial Water Resources Department. We went a step additional:

“It’s potential that the federal government is attempting to do away with these vegetation. That would clarify the article’s tone, it looks as if it was attempting to get traders to avoid these hydropower stations. In mild of this, China’s ban on Bitcoin mining may simply be a part of an excellent larger play. They’re critical and methodically shaking issues up over there. 

What might be their end-game? Is China simply attempting to go carbon impartial and restore the unique circulate of the rivers? Or is there one thing else at play right here?”

However, one thing doesn’t add up. In un alt articol despre interdicție, we highlighted that hydropower power is clear power.

“Did China make the error of a lifetime by banning Bitcoin mining or have they got a secret plan?

The indisputable fact that the electrical energy for crypto mining in Sichuan got here from clear hydropower meant that many thought the province could be a secure haven for Bitcoin miners.”

Teoria interzicerii Chinei #4: Noul model chinez

We a explorat teoria lui Bloomberg a couple of “less founder-driven and more China-centric” mannequin that China was supposedly exploring.

“If China is abandoning the Silicon Valley mannequin, what’s going to it exchange it with? Insiders recommend will probably be much less founder-driven and extra China-centric.

Why is China dwarfing its greatest industries and gamers? Is the “China Model” simply involved with scale? Or is management their focus? Are they cracking down on individuals and corporations with an excessive amount of energy that work on a world scale?”

And although it wasn’t fairly plausible, it launched the idea that China was additionally cracking down on their greatest tech executives. Maybe this isn’t solely about Bitcoin?

BTC value chart for 01/02/2022 on Bitrex | Source: BTC/USD on TradingView.com

Teoria interzicerii Chinei nr. 5: Faceți Bitcoin greu de utilizat

This one doesn’t clarify the overarching theme of the China ban. It does add shade to no matter principle you favor, although. In an occasion, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China, stated, “We remind the people once again that virtual currencies such as Bitcoin are not legal tender and have no actual value support.” And proceeded to record every part the PBOC was doing to fight cryptocurrency trading.

În NewsBTC raport despre asta, we stated:

„Poate că planul lor este mai simplu decât am crezut. Este posibil ca Banca Populară din China să îngreuneze accesul cetățeanului comun la Bitcoin. Și, China va folosi propaganda și repetiția pentru a ține oamenii în frâu și speriați de necunoscut. Unul dintre scenariile contradictorii prototipice ale Bitcoin. O bătălie pe care Bitcoin o aștepta mai devreme sau mai târziu.”

Teoria interzicerii Chinei #6: Pregătirea pentru implicitul lui Evergrande

Was the Chinese authorities simply closing the exits? They knew that situația Evergrande era inevitabilă and didn’t need individuals to have the Bitcoin lifeboat obtainable. In our report, we stated:

„Pentru a recapitula: guvernul a văzut acest lucru venind de la distanță. Ei știau că criza va lovi în mod repetat țara și au interzis mineritul Bitcoin pentru a speria populația să nu cumpere cel mai greu activ creat vreodată. Bitcoin, adevărata acoperire împotriva colapsului oricărei economii.”

Teoria interzicerii Chinei #7: FUD pentru a obține mai mulți Bitcoin

În conformitate cu Teoria sălbatică și plină de presupuneri a lui John Carvalho, China bans one thing associated to Bitcoin each cycle to control the value and get extra BTC. The nation has no incentive to ban the trade. They make an excessive amount of cash mining, plus they management the ASICs producers, plus mining machines inflate the worth of chips, they usually management that enterprise too. So, Carvalho’s principle is:

“The main ASIC manufacturer, the Chinese company Bitmain, had a new generation of miners ready. So, the CCP “decided to create a demand for the aftermaket and combine it with the FUD.” As they often do, they bought their Bitcoin and made their shorts. Then, China banned Bitcoin mining and the entire nation turned off the ASICs. The world perceived the ban as actual, simply “look at the hashrate.” This is the primary time this occurs. Then, China bought a small portion of its ASICs to the USA.”

According to him, Bitcoin mining in China didn’t cease, they’re simply not signing the blocks. Of course, he doesn’t have any proof, and neither can we. This is only a principle, like all of the others.

What’s actually occurring in China? What’s the explanation behind the nice China ban of 2021? We wouldn’t know for positive, however we’ve got many suspicions. Let’s hope 2022 offers us stable proof, new insights, or, no less than, a believable clarification.

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