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Title: RMB (YUAN) unwind to USD, China will support bitcoin Post by: jubalix on March 01, 2013, 12:01:29 PM I think that China is looking for a quiet way to unwind its USD position and undermine the US/USD$. Bitcoin serves a mechanism to do this, I think that even if the US tried to make bitcoin illegal you would see alot of miners pop up operating from or behalf of the Chinese govt. I mean they now have the Fabrication power for asic miners. The Bit coin market would have to grow to about 1T to make it useful on that scale but if I was CNY govt I would have a couple bitcoin miner/transactions farms ready to go.
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