My guess is that they want to be the leaders in bitcoin and have their citizens be the largest shareholders.
So you must disagree with my math that shows bitcoin is a ponzi scheme that will collapse to near 0 (after reaching a $trillions market cap first) and there is absolutely no way to avoid it (other than perhaps fractional reserve debasement with something like Ripple or an inflatacoin, altcoin). You probably didn't read the thread I linked to?
Why would they want their people to own something that will certainly be worth 0 in the future?
If they want to rule the future, the wisest would be to pretend they are allowing BTC, then let it run up and crash later so the all you males in the west are destroyed.
I've never understood why the goldbugs think China is their friend. Chinese upper-class are indifferent or hate us on a personal level (we have longer dicks and noses and we've been having all the fun at their expense). Try going to a high-class Chinese disco in Los Angeles, Hong Kong, or Beijing. If you are not well connected, you will be treated like a dog. I did. Of course that is a generalization and does not apply to all. And the middle and lower class don't hate westerners as far as I know.
The upper-ruling class want to win against you, not be your best pal. Be quite happy if you westerners are the slaves in the future.
The ruling class gets rich on the slow boat of leveraging their inside advantages in a huge economy. They aren't interested in speculations.
China is rising. Westerners are in their last desperate ponzi schemes. Going down.
I don't think China will win against our hitech industry just yet. But by 2033, we will see how much progress they can make. I rather expect the west will be the hitech leaders for many more decades. Yet most people in the USA are not in the hitech arena. How many of you all are programmers?
Your link, links to a bunch of other links, which I don't have the time to read. I'm just going to assume the people the VCs hire who are investing millions in startup companies know more than you. They could be wrong, but I'm placing my bets with them.
And to your other point, it's bet. It's not going to crumble the US economy if bitcoins go down. I don't think people are putting their life savings into it.
More chinese will have it the US people.
In these high class discos, money rules, I don't think race has anything to do with it.
Say if China took over the US in the future. Not much would change anyway. You'd probably be working at the same company, getting the same amount of money... maybe even taxed less. I have friends that have moved to China for work, the big cities are not a bad place if you have a good job.
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