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Title: The Macroeconomics of Chinese kleptocracy Post by: kangasbros on June 10, 2012, 08:38:55 PM http://brontecapital.blogspot.co.uk/2012/06/macroeconomics-of-chinese-kleptocracy.html
After reading the article, I really thought that bitcoin could be huge thing in china. Especially since the investment vehicles for the poor and middle-class are very limited (for example, they can't invest outside the country), it could really change things. Have to start translating my projects to chinese :D Title: Re: The Macroeconomics of Chinese kleptocracy Post by: justusranvier on June 10, 2012, 09:35:24 PM Based on that article if Bitcoin ever started to become popular with the masses in China you could expect a massive crackdown. This means that a lot more work would need to be done to enable the network to work in the presence of active attempts to detect and block it.
Title: Re: The Macroeconomics of Chinese kleptocracy Post by: cbeast on June 10, 2012, 10:40:46 PM Bitcoin really isn't a political statement. I don't really see why any government would oppose it except for tax evasion. Bitcoin is quite traceable with the proper tools, so that shouldn't be an issue. In fact, because it is very fraud resistant, governments wouldn't have to worry about someone claiming fraud for their bad behavior.
Title: Re: The Macroeconomics of Chinese kleptocracy Post by: finway on June 11, 2012, 02:20:33 AM Quote investment vehicles for the poor and middle-class are very limited You are absolutely right.Tell me if i can help. |