Hacker News Reader

As someone who has lived in China I can testify that this is a falsehood.

The issue is getting the money out of the bank into some other asset in the first place. If you have that much purchasing power in a Chinese BTC exchange you probably already have a number of other means by which you can extract your money.

The hard part isn't what to do with your money -- it's what to do with your money to get it out of the bank and get it into another asset.

AFAIK it is not trivial to purchase that much BTC in China, so the level of attractiveness isn't as you assume.

So the Chinese students running around in $80000 luxury cars are all beneficiaries of criminal parents. Funny how the party doesn't crack down on such blatant corruption.

>least-traceable

because sending tens of thousands of dollars to a bitcoin exchange isn't traceable?

Certainly less traceable than purchasing real estate in the US or Canada.