China, the Convenient Foil

China, the Convenient Foil

From coindesk.com

Is bitcoin a Chinese plot to destroy America? To Peter Thiel, it might be. Here’s what the tech entrepreneur said yesterday at an event hosted by the Richard Nixon Foundation (as reported by CoinDesk’s Colin Harper). “Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether if, at this point, bitcoin should also be thought of in part as a Chinese financial weapon against the U.S. … It threatens fiat money, but it especially threatens the dollar.” This makes perfect sense, and no sense, simultaneously. In the no-sense category: China doesn’t control bitcoin and would find it hard ... (full story)

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