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China is afraid. Bit-coin is an unregulated way of moving money out of China and they are known for keeping the movement of money in and out of china under very
by Fuxy 13y ago
China is afraid. Bit-coin is an unregulated way of moving money out of China and they are known for keeping the movement of money in and out of china under very strict control.
The only way of regaining this control is by forcing all major companies to ban bit-coin.
You think the companies are happy about this they were making a very nice profit from the transactions.
- seanmcdirmid 13y agoRight. China still has currency controls on the RMB. Makes it a pain for me to move it out of China en masse, not that I've tried yet.
- 3pt14159 13y agoBitcoin is spelled without a hyphen.
- yongjik 13y agoIf you find an ant taking a crumb of bread from under your table you aren't afraid. You're annoyed. Let's not lose perspective here.
- baddox 13y agoIt's obviously a matter of controlling the flow of money (or capital in general). I fail to understand how anyone thinks this demonstrates a flaw or shortcoming of Bitcoin.