Archive for August, 2019

Surveying the Chinese Bitcoin Scene

Saturday, August 31st, 2019

I'm attempting to survey the Chinese Bitcoin scene.  I really don't even know where to start.  There are various "news" type sites that claim to convey news about what's happening in "crypto" in China/Asia in English, such as these:

They are utter garbage1.  For an example of a news site that is not garbage, see

Another category is Chinese language news sites, such as  Riddled with shitcoinery, obviously.

Then there are forum type sites.  There is for example the chinese language version of the mostly defunct Bitcointalk forum.  This is interesting in that it is dedicated mostly to Bitcoin.  It is not so interesting in that there's not much going on, going by the number and timestamps of posts.  It is even less interesting in that according to this site, at least, it is not reachable from within China.  I don't recall how I found it, but there is also this Chinese crypto forum, which does appear to be visible inside China.  From the name alone, it is obvious that this site is ridden through and through with shitcoinery.

Now although these sites are all garbage, maybe there's something good in there.  Maybe there's a post here or there by someone who has a clue.  But how would I know, not being fluent in Chinese?  I have made some inroads towards solving this problem.  At the moment I have a rather tenuous2 connection with a translator inside China.  I was able to have her do translation of a sample from this piece about China's purported new state sponsored crypto scam, and her work seems to be better than Google Translate, at least.

I don't want to say where I'm going next with this because I have no idea.  At this point I do think I have made some progress, though.

  1. Garbage in the sense that their content is not guided by any discernible principles, and therefore ethics []
  2. I found her via a Chinese masseuse who I'm having an affair with but who I'd like to dump, which is complicated []

Bitcoin in China

Saturday, August 17th, 2019

The Chinese Bitcoin scene is a blank spot. My only sources are CT1 and nth hand news articles on the most worthless crypto rags conceivable. I despise the reports from ESLtards2 with which Twitter is rife. I had some hope of gleaning some knowledge from Mia Tam3. Scanning down her feed you can see she’s entirely clueless regarding Bitcoin but she is located inside China and speaks relatively good English. However, all attempts I made to communicate with her on Twitter were met with either silence or indecipherable emoticons.

There is also Joseph Young. This guy is supposedly Korean and located in Korea. His english is great, but he mostly reports stories seen elsewhere with added commentary that is not insightful. He is also clueless concerning Bitcoin as can be seen easily through his flagrant shitcoinery.

So that leaves me with the task of developing my own contacts in China. I hope to do this by hiring the help of individuals located in China to do research, translation, and general intelligence gathering. I intend to find out with this project who are the main players in Bitcoin. Are there Chinese forums with high SNR? Is there a Chinese republic4? Are there people in China that can gpg? Is there even any decent literature about Bitcoin avaialble in Chinese? I want to know if there is even a single person in China that gets Bitcoin.

I have met many Chinese here in the west recently and asked them about Bitcoin. Many were aware of it, but they see it as a kind of gambling instrument. Zero comprehension. Admittedly all the Chinese I know here are sluts and I wouldn’t expect them to be hanging out on Chinese Bitcoin forums.

  1. A cesspool of TA and other scams. []
  2. English as a single language (retard []
  3. A model and contributor to Asia Crypto Today []
  4. The Most Serene Republic []