News for hackers. Stuff that matters.
Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by Retric on Tuesday October 16, 2018 @07:23PM (#18234166)
Bitcoins don’t work for that. If you want to buy bitcoins with Currency X you need to find somone that wants to sell bitcoins for Currency X. Similarly if you want to sell bitcoins for Currency Y you need somone to buy them in Currency Y. Net result you can’t get large net cash flows unless people can exchange currency X for Currency Y.

PS: Bitcoin mining is another story, but it’s little different than building anything in China and selling abroad.

There are no comments on this comment yet.