Topic: Bitcoin bubble won't last without Beijing's approval - page 3. (Read 4796 times)
Well the article is a complete crock of shit. However, I think the sentiment laid out here may lay the groundwork for the Chinese government's official position on Bitcoin. "It is designed to rob the Chinese people and thus is banned." Or something to this effect.
http://www.scmp.com/comment/insight-opinion/article/1404497/bitcoin-bubble-wont-last-without-beijings-approval
Quote
Bitcoin is a bubble that foreigners cooked up and, by all appearances, is designed to rob the credulous Chinese masses. When the bubble bursts, the Chinese government won't be able to arrest these foreigners and get the money back. The bubble is not under Chinese government control. Hence, it cannot be tolerated.
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