Chinese students are learning about Bitcoin

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#1Oct 11, 2023, 10:12 PM
So, when you think about Bitcoin and China, the first thing that pops up is how China is super against it since they banned it. But check this out, they're actually ranked second in terms of Bitcoin holdings by country. Recently, I stumbled upon some news saying that students in mainland China were actually being taught about Bitcoin earlier this year. Those who started this program must have some foresight because it could really boost the acceptance of Bitcoin among young folks in China. What do you all think? Is this move by China a good thing for them or could it really push Bitcoin into the mainstream there?
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diamond365Full Member
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#2Oct 11, 2023, 11:42 PM
Do we need that to have Bitcoin educational exposure in mainland of China? I don't think we actually need it because we are in 2026 with very good Internet coverage globally, not only in China mainland, and there are enough resources to learn about Bitcoin, especially free and open source. While there are many social media talk about Bitcoin, Chinese in the mainland can learn about Bitcoin very easily and we are talking about students, who are young enough to bypass Internet Great Wall in China mainland. The elderly perhaps would have more difficulty with internet censorship in China but the young generations don't have big issue. https://www.lopp.net/bitcoin-information.html https://learnmeabitcoin.com/ https://github.com/bitcoinbook/bitcoinbook
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w0lf404Hero Member
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#3Oct 12, 2023, 04:05 AM
It's not a question of whether formal methods are necessary; the question is what they actually teach. As I recall, the Chinese government strictly censors crypto-related digital content, such as on WeChat and TikTok. Now, imagine being taught the components of a firearm perfectly, but being forbidden from using it for any purpose.
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defi_whaleFull Member
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#4Oct 12, 2023, 08:08 AM
Whether Bitcoin is permitted or banned does not really matter, what matters is that it does not depend on the factor (permitted or banned) to function/thrive. It's built to function outside of the factor with its permissionless, decentralized, unstoppable principles, while being transparent enough to expose evil, and make it difficult enough for certain people to use it unnecessarily against nations. By the way, Bitcoin adoption should be voluntary and natural, and specifically for people who need it the most, like those who broke away or hope to break away from fiat system for a better alternative
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satoshi2020Senior Member
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#5Oct 13, 2023, 04:53 AM
I don’t think bitcoin is actually ban in china because how can bitcoin be banned but there are schools in china teaching about it to students, it does apply that the ban on bitcoin in china is not enforced or it’s just not true. China are law abiding and if they make a law they will make people to abide by the law. Maybe the ban comes with exceptions.
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im_bullSenior Member
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#6Oct 13, 2023, 11:08 AM
Teaching them about Bitcoin is not strange because it's well recognised money.  I was going through my little nephew's economics notebook and I saw a topic about types of money. Bitcoin was discussed extensively as a type of money. Even if the government has banned Bitcoin mining, it is essential for students in China to know about Bitcoin. School is designed to prepare students not just how to survive in the country but also in other nations. You are right because there are speculations that Bitcoin is still popular in China. And government officials are not strictly enforcing the ban law.
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sigma07Senior Member
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#7Oct 13, 2023, 09:46 PM
The answer for your both question is a yes. An initiative that has a positive impact for them as a whole and it will be a widespread on their country. Unless, it's already widespread on them and it's known for every good investment in the world, they're in it. Despite with the past histories of banning crypto or icos in their country. It's probably known that their people are in it, and based on that image, they're teaching the young ones to get familiarized about it.
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satoshi2020Senior Member
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#8Oct 13, 2023, 11:22 PM
Teaching them about bitcoin is not strange but since it is claimed that bitcoin is banned in china then it’s strange teaching about it except the lecture is about how not to use it and that it is banned in china, it’s like banning only fans and still teaching people about only fans. The content of the ban has more parts that are relevance in knowing the extent of the ban but I don’t know in details about it.
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shard_minerSenior Member
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#9Oct 14, 2023, 01:11 AM
We fail to forget that Bitcoin is firstly decentralized and can be held by any individual even in a banned country and it is also built on the Blockchain technology that has many other use case applications. Also, Bitcoin being banned doesn't stop the knowledge and importance of it from reaching the right persons, mostly for a country like China that is very tech savvy and among the leading economies of the world.
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john88Full Member
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#10Oct 14, 2023, 03:27 AM
As far as I know, although activities related to Bitcoin trading and mining are restricted in China, there are no regulations prohibiting people from learning about Bitcoin. So, if some schools teach Bitcoin to their students, it won't be a problem because after all, Bitcoin offers many things for students to learn, such as blockchain, inflation, limited supply, and many other important concepts that will give them a better understanding of the modern financial system.
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sam_guruFull Member
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#11Oct 14, 2023, 06:20 AM
Some topics for learning about these things. Inflation and Deflation of Price and Money Supply. [CHART] Bitcoin Inflation vs. Time. How is the 21 Million Bitcoin Cap Defined and Enforced? Equivalent Network Time. Bitcoin - An accounting revolution.
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quantumninjaFull Member
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#12Oct 14, 2023, 10:18 AM
Is teaching lessons about bitcoin a personal initiative of a specific teacher or is it part of the student curriculum initiated by the Ministry of Education (whatever that's called in China)? Because these are two very different things, and the regulator's loyalty to bitcoin is only demonstrated by a curriculum approved by it. So who took the initiative in this story? In a country with its own closed internet and "great firewall", is it really possible to freely use (as a means of payment) an unregulated, decentralized digital currency? I doubt it. Perhaps China will allow citizens to invest in bitcoin (under strict regulatory oversight).
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boss_wizardSenior Member
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#13Oct 14, 2023, 11:02 AM
They know that bitcoin is the future but they still don't want to embrace bitcoin because they want full control on their own economy. The fact that they want their younger generation to learn about the knowledge of bitcoin and blockchain is an obvious sign, hopefully they'd change their stance and legalize bitcoin in their country. Those mining crackdowns, and banning of bitcoin is greatly unnecessary because bitcoin has proven to be good addition in a deflationary asset choice.
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max.wizardFull Member
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#14Oct 14, 2023, 11:16 AM
It's not good for being not tied into their systems, that's why they view CBDCs and such as an option worth going into, and not BTC on a broader scale.
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node_walletSenior Member
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#15Oct 15, 2023, 09:18 AM
I don't know the extent of cryptocurrency ban in China, maybe they prohibit to hold and use Bitcoin but allowed to learn about it, if so it means that there is possibilities of unbanning it for their future generations which will be the reason for allowing their exposure to it. If they totally forbid Bitcoin and it's knowledge I know that they can never allow their children and schools to teach about it because I know that China, is a very strict country. Maybe Bitcoin is not taught as a subject but it could be allowed as a reference when teaching their children about modern day finance.
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planktonSenior Member
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#16Oct 15, 2023, 02:30 PM
They are secretive about their BTC, that's why we can say that they have a lot and hate relationship with it. But I think they don't opposed it per se, it's that they don't want their rich and wealthy people using it to hide their money or capital plight. Again, it's already widespread in their country, no need to educate their students. Although it could led to adoption, but I think it's what we call already "price-in". So it's not like Bitcoin will grow overnight because one of the biggest population have been taught about Bitcoin.
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hash_bossLegendary
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#17Oct 15, 2023, 06:32 PM
It's a shame Bitcoin Magazine doesn't seem to share the detail of this news, since i couldn't find anything on their website. Whether it's on China or elsewhere, categorizing national currency as "the past" would at least raise controversy. If you mean Bitcoin usage besides investment, it's very unlikely since we know China government rule with authoritarianism.
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CalmYieldSenior Member
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#18Oct 16, 2023, 05:41 AM
China has been having a love hate relationship for many years now with Bitcoin.  What am I even supposed to expect any more?  Today they teach about Bitcoin in schools, tomorrow they crack down really hard on it and decide to ban it.  If there is a country I have no expectations from, China would be one.
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D4rkFalconSenior Member
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#19Oct 16, 2023, 08:34 AM
Well I do agree when China is heavily banned on bitcoin haha I mean everytime bitcoin reach all time high or at a good price there is a news talk abiut Bitcoin and China. But hey taught student in school about bitcoin is a good thing in my opinion even tho IF china really ban bitcoin they still can taugh about technology behind it, the holy grail of blockchain even bank want to piece of it. I want Bitcoin or crypto as a whole have its "SUBJECT" in school or college
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max_lynxSenior Member
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#20Oct 18, 2023, 05:56 AM
If we like to go by that narrative, a lot may activities would have being boycotted because, the internet remains a host of resources that cuts across every field. In fact, you can take classes and do courses completely online which would have made the need for a physical class to be entirely unnecessary but, we find out over and again that this isn’t usually the case. When lessons are being delivered in a face to face space, there is usually a feel about it and you get that interactive session that’s associated with some of the leaning process. That isa necessary step for some that the internet can’t offer you.
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