JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 01, 2014, 09:59:53 AM

This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time.

Thought it was clarified via bter that they were closing third party partners not a blanket ban.

IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new.

uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow.

In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013.  There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013.

what I learned from their statement that I hadn't gathered from any other FUD past or present was this time the pboc went to the third party  payment processors opposed to the exchange, which I don't believe is ever directly addressed. The solution for BTER could be as easy as getting a commercial bank account. It just looks like the pboc is narrowing the channels without direction intervention at an exchange.


I agree with you that if china had changed the kinds of institutions that were affected by the restrictions then those could have been materially different -   These restrictions still are very foggy to me, and I remain unclear about the impact..... on whether chinese people are going to be able to find effective and practical work arounds.... but surely, the fud impact is more important than reality.. anyhow.