I have a secret source who has a friend who knows the President of China.
He is rumored to have said, during a secret circlejerk, that they will be making Bitcoin the official currency of China.
Wow dude, thanks. My sister's cousin's uncle daughter's father's cousin's brother was skeptical of buying the last remaining supply on bitcoins until this news.
My sister's cousin's uncle= your dad
My sister's cousin's uncle daughter's=your sister
My sister's cousin's uncle daughter's father's=your dad
My sister's cousin's uncle daughter's father's cousin=your dad's cousin
My sister's cousin's uncle daughter's father's cousin's brother=your dads other cousin
if the way you explain family links is the same way you explain bitcoin, no wonder he was sceptical, especially if you told him to wait for the last remaining supply of bitcoins ( year 2140 ).
as for the reason for the chinese decision. its simple. for decades china has positioned itself as the main manufacturer of the world. thus grabbing wealth from other countries in return for goods (making china more wealthier). bitcoins due to the whole US is king, master, dominant party in the community, where most businesses are U.S based, most of the programmers, and exchanges are U.S based. the chinese do not want to hand over their wealth, to eventually be spent by americans. they do not want their chinese investors cashing out into dollar
if bitcoin was more Euro orientated, then china would not have as much of a problem. but to me personally knowing that bitcoin is international i can see china changing its mind once it digs deeper into the whole community. and a few more NON U.S exchanges pop up
