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Commenters are applauding the environmental implications of this policy, but I’m curious why no one is considering the human side of this ban. There are a billi

Commenters are applauding the environmental implications of this policy, but I’m curious why no one is considering the human side of this ban. There are a billion people living under authoritarianism who are stuck with an increasingly devalued Yuan and steadily losing the ability to obtain other currencies. Is that not also a problem that can result in humanitarian disaster? I don’t think we should be comfortable with blanket bans just because they are accompanied by government greenwashing PR.

pakitan 8y ago
Bitcoin trading is already essentially banned in China.
- sekai 8y ago
  Exchanges are, not OTC - it's booming.
ackbar03 8y ago
No it is not a humanitarian disaster. If it was it'd be a economic policy problem and their are much more factors to be considering for that. Plus your entire premise is wrong, yuan is definitely not increasingly devalued. Even if it was that wouldn't directly mean it's a problem