Chinese Planners Can’t Handle Bitcoin – Bitcoin Magazine

This is an opinion editorial by Andrew Axelrod, Bitcoin educator and contributor to Bitcoin Magazine

Just like the tragic figures of Greek mythology, China has a long and legendary history of snatching 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 final 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 prepared to be the empire of all ages.

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