The paranoia over the possibility of their power being questioned is why China can’t handle bitcoin and has outright banned it.
China has a long and storied history of snatching defeat from the mouths of victory, much like the tragic protagonists of Greek mythology. Particularly its ruling class has always had a voracious hunger for self-flagellation. The ultimate chapter of this depressing and terrible saga is the ban on bitcoin.
China was well-positioned to become the empire of all ...
