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Bitcoin Has No Value: People Bank's Of China Official Announces Further Crackdown
(finance.yahoo.com)
this post was submitted on 29 Aug 2021
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I feel like crypto is a great concept because one the face of it it gives power back to the people by having a decentralsied banking system. Although I feel that the reason that china wants to crack down on it is because they are not able to regulate it as they are worth their own currency so it takes power away from the Government. Also China is known for its totalitarianism.
Bitcoin in particular is a horrific piece of technology because it uses absurd amounts of energy. Also, not sure how China is totalitarian. Last I checked the government there does a far better job representing the interests of the people than vast majority of western nations.
China are quite brutal when it comes to respecting the rights of their citizens, they spy on their own citizens and anyone not praising their Government is sent to prison or 're-education camps'. Granted we in the West also have intel agencies spying on us
[citation needed]
https://www.thesun.co.uk/news/worldnews/12706390/china-document-8-million-training-detention-camps/ https://en.wikipedia.org/wiki/Xinjiang_internment_camps https://www.theorganicprepper.com/china-is-spying-on-millions-of-people-and-they-arent-in-china/
Are you seriously just going to peddle Zenz propaganda here?
You don't think that China spy on their citizens and abuse the rights of their own citizens?
I certainly don't think China spies on their citizens any more than the west does. Meanwhile, US is the country that has 20% of world's prison population despite for accounting for only 4% overall population. And of course, US uses prisoners as literal slave labor. US also fails to provide basic necessities for life, such as healthcare, and has killed over 600k people during this pandemic. That's what actual abuse of citizen rights looks like.