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Thanks for this explanation. What are you thoughts if China had the goal of making the Yuan/bitcoin rate worth less to increase exports...this sounds like it c

by fosco 10y ago

Thanks for this explanation. What are you thoughts if China had the goal of making the Yuan/bitcoin rate worth less to increase exports...this sounds like it could be one of many actions they could decide to take. I find this incredibly interesting.

lightedman 10y ago
Historically speaking, that's shooting themselves in the foot. They'll drain their own resources, which is truly our ultimate plan (and why a majority of our resources are currently locked up - our national security depends upon exploiting resources outside of our homeland to maximum efficiency.)