The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.This is an opinion editorial by Andrew Axelrod a Bitcoin educator and contributor to Bitcoin MagazineMuch like the tragic figures of Greek mythology, China has a long and storied history of snatching defeat from the jaws of victory. Its ruling class, in particular, has always had an insatiable appetite for self-flagellation. Banning bitcoin is just the final chapter of this sad and destructive story.Blessed with an abundance of natural resources, a massive....


Related News

The Great Wall of China Enters the Bitcoin Game

Dragon's Tale allows players to stick paintings on the Great Wall of China and make money at the same time. The Great Wall of China is one of the seven wonders of the world. The ancient wall (portions of it) dates back to 7th century BC. The wall was completed by the first emperor of China, Qin Shi Huang in 206 BC. Portions of the wall have been rebuilt from time to time by various rulers since then. The Great Wall of China acts as a border control and a line of defense against external threats. Since the end of dynasties and warriors, the ancient Great wall of China continues to stand....

Dragon’s Tale – Adorn the Great Wall and Hit the Jackpot

Dragons’s Tale was the first Bitcoin Casino Role-play-game in the Bitcoin Gambling Industry. It is also one of the leading casinos in the industry. The gameplay in Dragon’s tale is extremely addicting since you can go around an amazing 3D virtual world finding the most awkward casino games you can imagine. One of these incredible games is the Great Wall. The Great Wall is a luck game. There are many different stakes scattered among the islands, ranging from a single Bitmill to a full Bitcoin. In this game, players need to “create a painting”, and place it upon The Great Wall. Players can....

China’s Great Firewall Censors Crypto Websites Coingecko, Coinmarketcap, Trad...

On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number of other sites like tradingview.com as well. Specific Crypto Web Portals Are Currently Inaccessible in China One thing the world knows is that China likes to censor the internet and via the combination of....

Money Reimagined: Narratives Wall Street Can’t Control

It used to be Wall Street dictated the big stories around finance. It’s unclear whether that’s still the case.

Chinese Citizens Troll PBOC and Prop Up Bitcoin

The China Money Network released a “special commentary” which says Yuan fell “slightly lower than the end of December last year, but the rate of change is not large,” according to a google translation. Zooming out of Yuan’s charts, the currency has fallen to its lowest level in seven years. Moreover, China’s reserves have fallen below the significant psychological threshold of $3 trillion, its lowest in five years, raising questions on whether the People’s Bank of China (PBOC), China’s central bank, can continue maintaining Yuan’s value – which fell yesterday. Nonetheless, PBOC’s Weibo....