It is rumoured that chinnese govt will ban all cryptocurrency exchange, including bitcoin. No clear reasons behind that, but crypto enables capital flight. State vs Crypto is a very interesting development. Crypto embraces the ideas of anarcho-capitalism. The basic idea of crypto is to enable economic organization without any intervention. If crypto wins, the state may lose.
Chinese exchange ban is technically not feasible for decentralized exchanges. Thus, in the long run, who'd win? Is it possible that Crypto might someday weakens the state's economy? Can a state collapse due to Crypto?
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