Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose Millions

Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M... by seanmcdirmid on Thursday May 24, 2018 @12:30AM (#17141108)

Parking money in cash isn’t feasible, which is why much of the USD’s worth is in treasuries, the dollar is just incredibly liquid and easy to borrow/lend.

The Chinese government is not interested in filling this same role, even if now anemic Chinese consumption somehow picks up, they will probably still want to maintain absolute control over the exchange rate.

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Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M... by JumpCrisscross on Thursday May 24, 2018 @12:37AM (#17141133)

I agree that the renminbi is not presently a threat. Just that it has the potential of becoming one. That potential flows from the potential of China's consumers. A native base of consumers Bitcoin lacks. My point is that if the renminbi is a long shot for challenging the dollar's hegemony, Bitcoin is out past Pluto.

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