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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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Cryptocurrency
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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.
you truly are mistaken in calling crypto decentralised, for it follows the same chi-squared pattern of distribution we loathe true capitalism for. nonetheless, i appreciate some of your ideas.