The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin Today

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

Much like the tragic figures of Greek mythology, China has a long and storied history of snatching defeat from the jaws of victory. Its ruling class, in particular, has always had an insatiable appetite for self-flagellation. Banning bitcoin is just the final chapter of this sad and destructive story.

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

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