14-11-2022, 10:38 PM
以民为本 
There is no right or wrong decisions.
One only has to bear the consequences that one makes
![](https://i.imgur.com/CLvY2jA.png")
Was China Right To Ban Crypto? Charlie Munger Thinks So
There is no right or wrong decisions.
One only has to bear the consequences that one makes
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
17-11-2022, 10:52 AM
![[Image: 201063151927.jpg]](http://i0.sinaimg.cn/lx/2010/0603/201063151927.jpg)
17-11-2022, 12:39 PM
(14-11-2022, 04:33 AM)Manthink Wrote: Less than a year ago, Vice Chairman of Berkshire Hathaway said this:
https://www.forbes.com/sites/sergeiklebn...banning-it
China got this right. Not like MAS pussyfooting and then later siaming when sheet hits the fan.
Wherever you go, no matter what the weather, always bring your own sunshine
17-11-2022, 02:52 PM
20-11-2022, 12:07 AM
This 11 months old article shows many had no idea how dangerous Crypto can be and tend to be blinded by their political view towards China's decision to ban such currency.
Jan 2022 - What's behind China’s cryptocurrency ban?
".....there is strong evidence to suggest that the cryptocurrency prohibition was a response to the perennial problem of capital flight from China. Given that a huge amount of capital flight already occurred through cryptocurrency exchanges, the PBOC will have been aware that cryptocurrency was exacerbating China’s chronic issue of capital flight. ."
https://www.weforum.org/agenda/2022/01/w...rency-ban/
Jan 2022 - What's behind China’s cryptocurrency ban?
".....there is strong evidence to suggest that the cryptocurrency prohibition was a response to the perennial problem of capital flight from China. Given that a huge amount of capital flight already occurred through cryptocurrency exchanges, the PBOC will have been aware that cryptocurrency was exacerbating China’s chronic issue of capital flight. ."
https://www.weforum.org/agenda/2022/01/w...rency-ban/
11-12-2022, 09:13 PM
This Theory Predicts The End of Crypto
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18-12-2022, 04:40 PM
Bitcoin dips below $17K, and FTX customers explain what’s next post-collapse: CNBC Crypto World
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18-12-2022, 05:40 PM
(11-12-2022, 09:13 PM)cityhantam Wrote:
This Theory Predicts The End of Crypto
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Once Upon a Time in China 3 years ago, users in China was reportly consuming 75% of the world's electricity used for Bitcoin mining..
After the Chines gov crackdown on this activity and banning Bitcoin trade. the energy use fell to around 40%.
https://www.bbc.com/news/technology-58678907
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