Post
Topic
Board Bitcoin Discussion
Re: The real reason why China banned Bitcoin.
by
Fortify
on 03/07/2021, 10:36:15 UTC
There are some misunderstandings about China on this forum. I do not comment on the policies of any sovereign country, but in ten years, we may see a China that actively embraces Bitcoin. Although China may still issue policies that have a negative impact on Bitcoin now.

You are commenting on the policies of China and in a free society you should never have to apologize for displaying a rational opinion. China is a country based on censorship - both from the government who would rather hide incompetence than deal with it correct and the people who accept the system of self censoring. It is a very insular society and that is very dangerous for the world - The CCP would rather make an imaginary enemy than admit to certain failures. Until Xi Jinping came a long they always claimed a peaceful path and were a lot more respected, he has thrown that all away, now we see the war mongering and childish insults every day. This move was partly in response to environmental concerns but I think a large part of it was the easy money laundering route it gave people to get money out of China. The CCP wants absolute power (Nazi Germany anyone?) and any sane official wants their money out of reach of the communist party - Bitcoin was providing a very easy way to move money abroad.