Bitcoin is much better off as something that builds itself -- and worse, it seems like it would be difficult for even a Nation State to control it.
If the Chinese government intends to de-Americanize the world by building up a global currency to set aside the USD, it will probably not look to something as decentralized and independent as Bitcoin.
Topic: 2013-10-14 BusinessWeek: China State Press, 'Building de-Americanized World' (Read 657 times)
October 15, 2013, 11:28:51 PM
October 15, 2013, 08:55:17 PM
Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?
Yes, and who would trust a state run currency that is supposedly independent? Only open source can be trusted. If bitcoin were not open, I would not even consider using it. Well there are a lot of barely educated people around the world. Actually they make up a very large portion of the the population... sad but true.
October 15, 2013, 03:42:10 PM
Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?
Yes, and who would trust a state run currency that is supposedly independent? Only open source can be trusted. If bitcoin were not open, I would not even consider using it. 
October 15, 2013, 03:37:09 PM
Soon they'll realize that Bitcoin is the only thing that can become a fair world currency. What can any state come up with that Bitcoin can't do?
October 15, 2013, 03:33:52 PM
Pretty sure they don't mean Bitcoin. Even if they were looking at cryptocurrency - unlikely - they'd roll an alt rather than use a currency with 10% of the supply potentially controlled by its unknown creator. Bitcoin as world reserve currency would make Satoshi a world power overnight.
I'm betting he/they are Chinese, educated abroad. It would be a masterful false flag, because of the Chinese/Japanese tension, while China gov has been hinting at a new world reserve currency but not actually saying BTC yet, to reveal they have so much of the initial BTC.
October 15, 2013, 07:30:47 AM
It's Bloomberg, so there's an element of mischief, and it doesn't mention BTC.
Fun though - "a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests."
Fun though - "a necessary step to prevent American bumbling from further afflicting the world, the commentary suggests."
October 15, 2013, 03:52:59 AM
Pretty sure they don't mean Bitcoin. Even if they were looking at cryptocurrency - unlikely - they'd roll an alt rather than use a currency with 10% of the supply potentially controlled by its unknown creator. Bitcoin as world reserve currency would make Satoshi a world power overnight.
October 15, 2013, 01:08:16 AM
China's State Press Calls for 'Building a de-Americanized World'
http://www.businessweek.com/articles/2013-10-14/chinas-state-press-calls-for-building-a-de-americanized-world
http://www.businessweek.com/articles/2013-10-14/chinas-state-press-calls-for-building-a-de-americanized-world
Quote
China's State Press:
The goal is to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”
The goal is to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”
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