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❕NEWS Facebook's head of digital currency development: China's restrictions are a big step forward for bitcoin

faribakhazaei

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In a recent statement, David Marcus, who is in charge of managing the Diem project, or Facebook's digital currency, welcomed the Chinese government's restrictions on bitcoin mining, calling it a "major breakthrough" for the digital currency. According to him, this will cause more miners to come to the United States.
 
Well certainly it can be proved blessing IN a disguise because the move will actually make it happens for Kore miners moving so good
 
Truly they migrating China for US already especially to the city of Miami where the Mayor is ready to welcome them and provide enabling environment for them to mine bitcoin.
 
It's a good news that China contribute positively to crypto world. Their reason to ban it in the first place has now brought opportunity for people to be able to mine more.
 
We'll China is protecting its users and that's what theyaalways do they are a learned economy and want people to be energetic and real not
 
I can understand the Cryptocurrency ban in china if they didn't developed their own digital currency.. they just want to monopolies everything
 
Surely more miners would move to another country and fetch them revenue out of those eletricity cost and mining taxing , the Chinese government really loosing a lot tho
 
It will cause migration of miners to more stable regions, both politically and in terms of the stability of the power sources --in China many minor rigs had to keep changing locations back and forth going between sources of hydropower and coal.
 

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