Gwynn Guilford – Why Chinese People Will Drive Next Bitcoin Bull Market:
Reporter Gwynn Guilford (@sinoceros) writes on Quartz.com reasons why China could drive a further bit-boom. Excerpts:
“They’ve already done the whole virtual currency thing—with Q Coin.”
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“Property, stocks, art, tea—speculation dominates in every major asset market you can think of in China. The Chinese are a people used to high risk-reward investments.”
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“As the online gamer source tells Quartz, ‘the currency’s system is so decentralized’ that it would be extremely difficult for the Chinese government to do anything about bitcoin.[…] And unlike with Tencent, there’s no company or entity to target for regulation. ‘To China’s conservative regulators,’ he adds, “Bitcoin is a game [that’s] way more dangerous.”
– http://bit.ly/ZgOoc6
– http://bitcointalk.org/index.php?topic=176010.0 (Further discussion of the article)
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