Should take this to the altcoin thread but I'd love to see a cite on that absurd xrp stat.

Its totally possible that BTC's trajectory has been planned out from the start. Some even think its creator is an AI but would that even be possible in 2008?

What if CCP has been buying this whole time then when they feel its right they legalize in China and it moons. Post Covid would be perfect time.

Jesus, I thought Bitcoiners were the conspiracy theorists, but it looks like nocoiners are taking it to the next level these days.

The only flaw here is that Satoshi was a great writer. Have you ever seen chinese people especially scammers try to write english?

They all can write perfect English. Pretending they don't is just all part of the long-con.

The company is called Layer1 Technologies and it’s backed by Peter Thiel (among others). The CEO seems really sharp for only being 27. They aim to have 30% of global hash power by the end of 2021 and will have a production cost of $1000/bitcoin which will spur the shift in hash power to North America.

You can invest in it on AngelList if you're interested

so much this, few people realize a lot of horrible designs are intentional

it cost them nothing to shoot out ten thousand emails but they only have so much time to respond to any interested parties so they intentionally make it so that anyone with an education could sniff out they weren't professional so they only communicate in person with people likely to fall for the scam

I must say I have seen a lot of bad takes about BTC, but Satoshi being Chinese is a unique take.

You almost have me convinced I just need a couple more points of evidence to push me over the edge.

This argument is especially convincing:
- His English is really good, so he must be Chinese because in reality Chinese have flawless English grammar and he wanted to make it look like he wasn't Chinese.
--> Lots of reverse leveling going on.

Maybe he also did it in the whitepaper? Mostly citing Americans as source, so people wouldn't suspect him being Chinese. Interestingly he did cite Wei Dai as the first source, so this is probably a (hidden) hint towards him being Chinese. Even though Wei Dai wasn't Chinese, but it sounds Chinese.

Lets take that thought one step further...how does bitcoin help the chinese get american dollars into china? how are they transported?

I'm a US citizen and wanna sell a little BTC but not pay an exorbitant % to Coinbase. What are my options?

If anyone wants a hardware wallet this thing looks legit. 50% off today for first 300 buyers. 120 gone already.

https://www.indiegogo.com/projects/z...t/x/20401709#/

edit: 136 in first 38 minutes so far.

Binance, Kraken, Gemini, Bitstamp

i'm sure you could do a transfer here

The P2P transfer thread in the Internet Poker forum is probably the best place for that.

Not that I think the Chinese goverment is involved or even cares about BTC but how is this a real question? Mine bitcoin, sell for USD on exchange of your choice, transfer to bank in account owned by Chinese government. Any bank will do.

Are you keeping in mind the post I was commenting on that believes the CCP is using bitcoin to launder usd into china? It doesn't get USD into china if you trade for electronic usd on an exchange.

If I'm not understanding I would like to.

Bitcoin is mostly used to get money out of China.

Electronic dollars are still dollars.

Nobody said laundering money. The CCP doesn't need to launder money. They just like USD and the argument was they invented bitcoin as another source to get USD. There are no restrictions for the CCP to sell bitcoin for USD on any exchange and then transfer those USD into any bank account world wide.

I am actually not sure how laundering money can apply to Chinese state actors. It is not like it would be illegal to mine/sell bitcoin for USD or they would need to avoid tax.

Are...you..sure....?

https://forumserver.twoplustwo.com/s...ostcount=36572


...

What in the heck....?!

If china wants to "launder" US dollars...or wants USD in china it doesn't suffice to have a bank somewhere around the world update their ledger/bank account/balance sheet etc. with USD.

Digital US dollars in this context are NOT the same thing as physical cash. Think of Iran or Venezuela in this context. Its not helpful to skirt US sanctions to have a USD account at a bank in a 3rd party country because it doesn't avoid the problem.

I see now we are missing the entire usefulness of bitcoin as a censorship resistant settlement medium. Ya'll are speaking as if there is a universal digital USD payment system that everyone has access to. Bitcoin exchanged for USD on a bitcoin exchange is still very far from getting USD in the hands of CCP and into China.

Sure it does. I don't think China wants to launder dollars but the whole point of laundering money is generally to exchange physical dollars for digital dollars within the system.

If China wants to hold dollars it's definitely sufficient for them to hold them in a safe haven bank account as opposed to holding pallets of paper notes. China simply wants the buying power and fungibility of dollars.

Like in "safe-haven-bank-account-land'?

You are completely out of context in regard to the post(s) you are commenting on.

Why is china "using [bitcoin] to launder as many dollars into their country as possible"?

And how are digital dollars on an exchange "dollars into their country"?

https://www.treasury.gov/resource-ce...y_20200415.pdf