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Comment by Animats | Hacker News Reader

Yes. Not only that, it gets good tax and capital flow treatment in China, because it's considered "exporting".

The big Bitcoin question for the last several years has been "what will the PBOC do"? So far, they've discouraged the use of Bitcoin for transactions within China, and stopped some speculative practices at Bitcoin exchanges, but haven't really cracked down.[1] Back in February, the PBOC announced a "study period" while they decided what to do.

[1] https://www.bloomberg.com/news/articles/2017-02-10/china-bit...

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I would be surprised if the Chinese government doesn't ban Bitcoin at some point. They don't allow their people free access to information, why would they allow freedom in monetary matters?

They certainly doesn't seem inhibited in banning things that may pose a threat to themselves. Bitcoin just doesn't pose much of a threat yet, not until it's generally useful as a payment system and for financing -- thus comprising an actual competition to the PBOC and their member banks.

As long as all the entry/exit points are regulated and in line with the government, Bitcoin is perfect for a country obsessed with capital controls.

Far easier to monitor than cash.

> They don't allow their people free access to information, why would they allow freedom in monetary matters?

The US and other major "democracies" out there are already working on restricting access to information. I believe it's called "Fake News" ...

Are you saying you don't believe Hillary drags children under their bed and eats them?

No one is saying that. Its what cost her the election.

Being the personification of a crony career politician cost her the election.

Do you believe that I think she literally eats children; or did you want to just put Hillary down?

I read most of the DNC emails, I researched her as much as a voter should. Clearly couldn't vote for her (voted a write in "no confidence in candidates") But she never ate kids; that was John Podesta.

Fake news is a side effect of the US' freedom. You can publish what you want.

Why ban it when they can nationalize all the miners and have total (>51%) control of Bitcoin?

My Thoughts exactly. If it would repalce cash money, that would be a good motivation on top of that, as they might control the anonymity of transactions. I don't think they'd need >50% total, if only inland transactions are concerned (as would be the case with any other payment system, without further assumptions)

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