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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (167053)	1/13/2021 5:56:47 PM
From: TobagoJack	Respond to of 217836

Re <<Are you saying CCP outlawed BTC?>> ... not exactly. I am saying ... (1) BTC is becoming more important in USA financial market and monetary infrastructure (2) China outlaws BTC / crypto exchanges but tolerates (read: encourages) HK engagement w/ crypto / digital finance, and okays BTC mining (3) China ahead of the game in CB-issued digital currency, and shall likely discover how best to work with all digital currencies in faster time, and can weaponise the knowledge ala rare earths protocol (4) BTC does have a governing system (search by Google on Keywords " decentralised btc governance " ) and the governance setup does have something to do with the going-forward wishes of the miners showing PoW (proof-of-work) (5) USA is taking in what China produces, and incorporating it as intimate part of its monetary / financial / savings DNA (6) Maybe I am unduly concerned, and if so, no harm, but (7) CCP does not need to and likely not wish to outlaw BTC for domains ex-China, for trading purposes, but happy to encourage domestic mining and processing, and dispense products w/ PoW to the world ex-China, akin to rare earths Message 33143946 (8) As noted enough times, BTC has a sense of humour (9) Each support for BTC is a support for the CCP, as many of the miners are of course state-owned CCP military affiliated cost-free miner, easily argued (10) >50% of BTC mining takes place in China cbeci.org