only if the CHINESE GOVERNMENT control a majority of the BTC ...

  1. 8,161 Posts.
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    only if the CHINESE GOVERNMENT control a majority of the BTC  they dont how can they unless individual private citizens hand  their keys over  but since  the two reasons that chinese citizens  have BTC  are

    1. to make a profit

    2. to be free of government control (W e can deduce this from the amounts  being used to transfer out of the country There was some excellent work done in late 2017 on tracing  transactions down the open ledger out of china  and into other countries

    why would they? I have since lost the reference  and am not prepared to do the time following it.


    Just look at the way the Chinese government freaked out  during 2016/2017  when they found out what was going on.

    They  back flipped and allowed  the use of BTC  for purchases  as  I suspect it is the only way they could see  a glimpse of what is going on



    https://hotcopper.com.au/data/attachments/1394/1394443-636c0494f17019e7011ce67f050a55a9.jpg

 
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