Section 6. Recommendations
1. The government and central bank should acknowledge the existence of Bitcoin and deal with it proactively. Using the top-notch supercomputers at its disposal and using state power to ensure a monopoly on mining power, the central bank could acquire the vast majority of bitcoins.
2. The central bank should set up a Bitcoin bank and an official Bitcoin exchange and become the middleman in Chinese Bitcoin transactions to eliminate Bitcoin's relative anonymity and ensure that Bitcoin commerce can be regulated.
3. The government should push for international acceptance of a Bitcoin-backed currency, establishing a non-sovereign monetary system, to challenge the supremacy of the US dollar and to make the international financial system more harmonious and stable.
Delusional rantings of communists don't concern me. They think they can control it like they think they control everything else. Yawn...
lol you think lightly over at current the financial most powerfull country in the world
You seem to forget that china already owns most of us in terms of what they bought, china is more a super power now then the usa would like it to be.
I can buy nothing these days which is not made in china, even so called native companies just put the parts together which almost all are made in china.
And yes if the chinese want they can blow away the whole bitcoin network with their computing power or do you dream that they do not have graphic workstations.
The chinese are everywhere on the planet buying as much as they can, to later have control over every aspect in products we need or worse for the need of china ( energy oil,gas, metals and whatever you can think off )
Bitcoin is succesfull because no governement is controlling it, if the chinese get full control what effect would this have.