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I think it's a bad sign for the Chinese, not the bitcoin. If the central bank doesn't regulate it's trade, they're slowing down the time it takes for Chinese to

I think it's a bad sign for the Chinese, not the bitcoin. If the central bank doesn't regulate it's trade, they're slowing down the time it takes for Chinese to trade compared to other countries. It just means only private wealthy companies can facilitate the trades -- which is dangerous in itself. By opting out of controlling bitcoin transactions, I think the Republic of China is in some ways harming its only citizens. People will trade btc whether the banks support it or not, the chinese gov can help regulate this, but if they choose not to, they're hurting their own citizens.

rms 13y ago
The CCP pervasively makes decisions that can harm its people. I didn't realize people were seriously considering the idea that the PRC was going to offer a national trade in bitcoin.
- joezydeco 13y ago
  Bingo. And there's no way in hell that the CCP would let equity slip out of the country in any large amount.
  - frenchy 13y ago
    Wouldn't keeping equity in the country be in the interests of the people anyway? It's the wealthy who want to ship their wealth overseas.