Post
Topic
Board Legal
Re: Newly PBOC Governor Once Called Bitcoin ‘Inspiring’, Praised Its Accessibility
by
MyIota
on 22/03/2018, 05:25:29 UTC
He'll say whatever he wants to get the people's trust and support. Not that he would need it, I guess, in a communist land.

China is known for obstructing things that give people power -- social media censorship, internet censorship, and they even make sure to cast out any kind of currency or material that works better than their own government currency. Take the Copper Hedging thread, someone said that copper worked better with construction companies when trading for other materials.

What did China do? They banned the trading of copper for items... just because it worked to undermine the national currency.

I have no doubt that they're going to actively be against bitcoin and crypto, in general. If they would ban something as trivial as copper... they're going to ban bitcoin and crypto because it will disrupt their currency even more.

This governor, even if he is on the side of btc, will be drowned out by the communist party for real.