HI-TEC99
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February 20, 2017, 09:38:49 PM

Look at that Chinese LocalBitcoins volume:


Chinese exchanges weren't fake after all, what a surprise!


wow, the chinese managed to invent zero fee trading on local bitcoins??!?  Cheesy

No way! Absolutely unbelievable! I think I was a bit wrong about my thoughts on China Volume after seeing this. Well, they create most of the new coins and surely they have to find new (old) ways to trade. Sure this is a good one.

Ironically localbitcoins (and anything else using Google’s captcha) is blocked in China by its great firewall. All those traders have to use a VPN to access it. If China decides to ban localbitcoins it would be ineffective.


https://www.cryptocoinsnews.com/localbitcoins-records-global-time-high-chinese-volume-5x/

Quote
It’s all the more notable that LocalBitcoins remains blocked in China due to the country’s state-imposed firewall.

“We’re already technically blocked in China as our site uses, among other things, Google’s re-captcha system,” a LocalBitcoins staff member wrote on a social forum. “As all Google resources are blocked in China you can’t log in to our site from mainland China unless you use a VPN.”