Until China can produce fake bitcoins, they wont want the real ones.
This is interesting. Can You elaborate ?
Chinese like to inflate their money supply so they can increase their export.
Yeah, they are always so proud of their official GPD growth numbers going up at about 8% per year, but recently it's come out that they have been quietly inflating their currency base at about 4% per year since 2003. Considering GDP is more accurately a measure of Gross Consumer Spending, such a revealation not only cuts the knees off of the idea of a decoupled China boom, it also means that their adjusted GDP is barely beyond their middle class population growth. That is a doubling rate about every 16 years, BTW. Even the target rate of inflation used by the European Central Bank of 2% has a doubling rate of about every 33 years. But I'm not really sure which is worse, because China still has a growing middle class population, which would actually mitigate some of the effects of inflation by reason of a growing domestic demand. Europe, on the other hand, has a static or falling middle class population rate; so even a 2% inflation rate under such predictitable demographics is a destructive number.
