Post
Topic
Board Development & Technical Discussion
Re: How fragile is the pot we're putting our money in?
by
iamTom123
on 27/06/2017, 07:57:23 UTC
About the PBOC i am not 100% sure Bitcoin is not in their best interests. And I would guess they are also not sure. The macroeconomic implications of Bitcoin are so complex that I don't think no parties really know. And that's why no government has made any extreme move about it.

Bitcoin is a means to subvert PBOC policy so it is hard to see how they can be in favor of it. Wu will be a tool of PRC policy when the Central Committee decides it has a Bitcoin policy. China is a communist dictatorship.

The idea that China will not harm Bitcoin because it is in the interest of the country not to seems to be effective in the Western type of thinking. But that kind of thinking is not true when we talk about countries already outside of the influence of Western democracies.

As proven in the past, given the right climate, China has a trait of committing unexpected things in order to protect its own interest. We are seeing it now -- as a foretaste -- in the fight for islets and islands located so far away from its economic boundaries. China right now appears to be a sheep wearing a while robe but deep inside its leadership is implementing a long-planned global domination economically, politically and even yes militarily.

I am always wary of China and the more other countries could open up for Bitcoin the better it will be for the cryptocurrency.