BadEconomics: Putting $400M of Bitcoin on your company balance sheet

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by evouga on Monday January 04, 2021 @03:24PM (#25637343)

Let’s say Xi wakes up cranky (maybe somebody embeds criticism of him in the blockchain) and bans BTC throughout China. It is now illegal to operate an exchange, buy or sell Bitcoin, or run a Bitcoin node anywhere in China.

... now what? How do you “transfer money across political boundaries without censorship” into or out of China?

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by joshspankit on Monday January 04, 2021 @03:47PM (#25637669)

It’s also illegal to access many of the sites on this list (https://en.wikipedia.org/wiki/List_of_websites_blocked_in_ma...), but it still happens.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by Sargos on Monday January 04, 2021 @05:32PM (#25639207)

Are you not aware that China has already done that? Multiple times in fact.

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