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It might be insignificant to China the country. But a government is made up of individuals. It's entirely possible that in an already corrupt environment, the
by SimonPStevens 9y ago
It might be insignificant to China the country. But a government is made up of individuals.
It's entirely possible that in an already corrupt environment, the dozen or so individuals on the crypto committee may be convinced to make decision that benefit them personally.
Make a few impactful decisions at your day job, block a few exchanges, short bitcoin personally, profit personally. Wouldn't be hard to make a million or two if you knew of a price fall coming up in advance, there are plenty of ways to get leverage on the bitcoin markets these days.
- dreamthtwasrome 9y agoSeems like the operative gambit would be one-or-more miner/exchange pays govt official(s) lots of money to "crackdown" on BTC, except not as much on them. win-win