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Author Topic: A deputy director of People's Bank of China says bitcoin is a kind of nongovernm  (Read 531 times)
analau
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March 29, 2014, 03:56:06 PM
 #1

He says:”Now, the currency is fiat currency, sovereign currency. Is bitcoin a kind of currency? Yes, it is, but it’s not a fiat currency, it is a kind of electronic commodity currency, it’s a kind of currency embraced by economist Hayek, it has features like gold payment, etc..

Link: http://www.bit-sky.com/index.php/english/663-nongovernmental-currency
Since China is influencing the price so much, I thought I'd post this, Sorry if it is in the wrong section
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Beliathon
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March 29, 2014, 04:35:18 PM
 #2

So some old Chinese guy is saying something everyone here already knows? Cool, but why should we care?

What's the significance of him saying it?

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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March 29, 2014, 04:53:42 PM
 #3

is there any country define bitcoin as a goverment currency ?
obviously not

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analau
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March 29, 2014, 04:54:23 PM
 #4

I don't know, that maybe they are not going to ban it?
That was the point of the post

Since there are rumors and speculation regarding closing of Chinese exchanges and post about bitcoin ban in China, I thought this could be an indicator that this won't happen
analau
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March 29, 2014, 04:57:40 PM
 #5

So some old Chinese guy is saying something everyone here already knows? Cool, but why should we care?

What's the significance of him saying it?

that he is director of People's Bank of China
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