Re: recent rally in China is because of market emtion, not because of baidu
A centralized power does only a handful of things at a time, and their hands are full in Xi's first 2 year's reign. (Xi is a surname, not roman number 11)
Great, because if you hadn't said that, I would have totally assumed you were talking about the roman numeral 11, and gotten really confused
The more people hear about this bitcoin thing, the more people will actually give it a try and tell their friends and family quickly realize that Bitcoin doesn't really solve any of the problems created by fiat.
I really can't for the life of me understand why anyone who didn't believe in the viability of bitcoin would spend any great amount of time reading and posting on this forum.
That's the best way to figure out who the shills are.
A practical matter would also be that if the Chinese government sees Bitcoin as a threat to Western banking (Western banks have admitted as much), then Bitcoin could be seen as a tool to increase their influence if it can undermine the European Central Bank's and the Federal Reserve's influence. But I do agree with you that if your government (or mine) felt more threatened by Bitcoin, they probably would come down on it hard.
This is important, because bitcoin is a bigger threat to a weakening fiat currency than to a strengthening one. China is still a long ways to go before their monetary and fiscal policy isn't as loose as a 13 year old Thai prostitute's vagina, but they are "tightening" and the U.S. is still "loosening." China's CB is also buying massive quantities of gold, and they encourage their citizens to purchase gold. So in some ways, Bitcoin is less of a threat to them and more of a threat to the dollar. They may not mind it so much since it may hurt their "enemy" more than it hurts them.
Another fantasy talk from the Western about China ....
"encourage their citizen to purchase gold? "
LOL do you even know wtf you're talking about? Go live in China and try to buy gold freely like you do in US.... then come back here and talk like you know shit