China Planners Can’t Cope With Bitcoin – Bitcoin Magazine

This is an editorial by Andrew A, Bitcoin Educator and contributor to Bitcoin Magazine

Like the tragic figures of Greek mythology, China has a long and storied history of wresting defeat from the jaws of victory. Its ruling class, in particular, has always had an insatiable appetite for self-flagellation. The Bitcoin ban is just the latest chapter in this sad and destructive story.

Blessed with an abundance of natural resources, a huge population, and full access to the South and East China Seas along its 9,000-mile coastline, China was perfectly positioned to be the empire of all ages.

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