2013-10-14 BusinessWeek: China State Press, 'Building de-Americanized World'

[18RATTT]

China's State Press Calls for 'Building a de-Americanized World'
http://www.businessweek.com/articles/2013-10-14/chinas-state-press-calls-for-building-a-de-americanized-world

China's State Press:
The goal is to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”

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1715589763

[rebuilder]

Pretty sure they don't mean Bitcoin. Even if they were looking at cryptocurrency - unlikely - they'd roll an alt rather than use a currency with 10% of the supply potentially controlled by its unknown creator. Bitcoin as world reserve currency would make Satoshi a world power overnight.

[aigeezer]

It's Bloomberg, so there's an element of mischief, and it doesn't mention BTC.

Fun though -  "a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests."

[TheButterZone]

Pretty sure they don't mean Bitcoin. Even if they were looking at cryptocurrency - unlikely - they'd roll an alt rather than use a currency with 10% of the supply potentially controlled by its unknown creator. Bitcoin as world reserve currency would make Satoshi a world power overnight.

I'm betting he/they are Chinese, educated abroad. It would be a masterful false flag, because of the Chinese/Japanese tension, while China gov has been hinting at a new world reserve currency but not actually saying BTC yet, to reveal they have so much of the initial BTC.

[vokain]

Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?

[RodeoX]

Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?

Yes, and who would trust a state run currency that is supposedly independent? Only open source can be trusted. If bitcoin were not open, I would not even consider using it.

[prophetx]

Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?

Yes, and who would trust a state run currency that is supposedly independent? Only open source can be trusted. If bitcoin were not open, I would not even consider using it.

Well there are a lot of barely educated people around the world.  Actually they make up a very large portion of the the population... sad but true.

[Kyt Dotson]

Bitcoin is much better off as something that builds itself -- and worse, it seems like it would be difficult for even a Nation State to control it.

If the Chinese government intends to de-Americanize the world by building up a global currency to set aside the USD, it will probably not look to something as decentralized and independent as Bitcoin.