Topic: Bitcoin as a weapon of mass destruction (Read 541 times)

I am sure that the government will not allow the complete destruction of fiat currencies. What do they benefit from this? No, only losses. That is why Bitcoin is and will remain just an alternative currency

this now US dollar is strong from any fiat curency
dollar strong, yuan price down is compare USD, but bitcoin price is strong

bitcoin strong can't attack in USD, because USD this now is very strong

It is the last straw that broke the camel's back

The Chinese may not actually want to destroy the US economy to dust and ashes since that would backfire on themselves as you yourself say. They just want to become a new overlord on the block and rule the world just like the Americans have been doing since the collapse of the Soviet Union. Also, don't forget the other aim, i.e. rendering Bitcoin itself useless. Apart from that, we don't really know how friendly the relations of Saudi Arabia with the US will be in the nearest future now when Trump has become a new POTUS. In any case, today the US has enough of their own oil, so Saudi Arabia is irrelevant and thus can be punished with a vengeance and no one would give a fuck about them

Isn't this related to government imposed limitations on gold markets more than anything else? I don't see the Chinese wanting to invest in an asset out of spite for banks. 

I doubt that using bitcoin the Chinese can destroy the US economy for the following reasons:
The largest reserves of oil worldwide possess Saudi Arabia and Venezuela. The first country has friendly relations with USA and second one there is no way to escape from American's influence. The third country is Canada.
Secondly, the American's military presence is global. China is trying but so far has not succeed more than its borders. 
Finally, China has many factories but the expertise derived from?

But could silver make it (or any other hard asset, for that matter)?

My point is that they wouldn't be able to get rid of the US debt they hold without making this effort public if they start buying up hard assets such as silver or gold. They do buy both of these assets, but in minor amounts still. On the other hand, the sellers of both gold and silver are mostly other financial institutions not individual investors, so this certainly won't work out as smoothly and secretly as it would with Bitcoin, through which the Chinese could invisibly poison the dollar

If the Chinese were purposely trying to slam dunk western banks they are far more likely to do it using silver as they likely want revenge from the west's economic warfare in the silver markets in the past:



Russia, India, and just about everyone else on earth would probably also be on-board with this, so silver is kind of a bet of the world against the Zionist occupied US banks.  Some guy's youtube channel covers a lot of this backstory (although he has the strangest voice I've ever seen):

https://www.youtube.com/watch?v=ykTzGPDMH6Y

https://www.youtube.com/watch?v=ktp3K_FFH9k

I'm talking about mass destruction of fiat currencies, of course

And more specifically about just one currency, namely, the US dollar. We all know that the Chinese miners have heavily monopolized Bitcoin mining as well as Bitcoin hoarding, so to speak. It is no secret either that the Chinese government sits on a huge pile of the US debt. They can't just dump their dollar stash since no one is ever going to exchange anything of real value (say, land, state of the art technologies, factories, etc) for all this paper wealth. They can't even give away all this debt for free

And that's where Bitcoin comes in handy. It is infinitely divisible, it is anonymous enough, and its price can be however high, so if the Chinese government wanted to crash the American economy through massive dollar devaluation, Bitcoin would be a perfect tool for doing just that. I mean buying up bitcoins with that enormous pile of dollars they have and through that getting rid of the US debt causing massive devaluation of the dollar all along. Why would they want that? The answer is straightforward, and it is world domination

Please note that the point is not in accumulating all bitcoins out there. Bitcoin is only a tool, and the Chinese government may simply burn all bitcoins after they get what they want (and remove the threat that Bitcoin itself poses at that). They want world domination while the US seems to be the only real obstacle on the route there right now. Many folks here had been expecting a serious correction after the price reached $800 per coin, and wtf, I myself expected exactly that. It didn't happen. So could it be that the Chinese have just launched a decisive attack on the US?