China Crypto Unpacked, Bitcoin Bad – Blockchain Good
The Chinese have banned Bitcoin and “Initial Coin Offerings” (ICOs) that was probably wise as many ICOs are “dressed-up ponzi schemes”. Nobody needs that, especially China, a country in which about 500 million people remain relatively uneducated rural residents, but where mobile internet access is increasing at exponential rates. China has an “Anti-Pyramid Scheme” law …
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