In this special episode, we sat down with two guests: researcher and journalist John Mac Ghlionn and Shone Anstey, CEO at LQwD fintech. They touch on the world of bitcoin—from the merits and the dangers to the different approaches the United States and China are taking; from embracing it to banning it; and how it’ll play out going forward. Mac Ghlionn said, “China has a big issue with Bitcoin because [9,950 or 9,960] of the other cryptocurrencies are dangerous, somewhat worthless, … they’re in the shadow of Bitcoin and ethereum. So to get back to: why did China ban bitcoin? Ostensibly, it was because of environmental concerns and the energy costs with mining Bitcoin. But I really think the main reason that China opted to ban bitcoin is because it goes against everything that China is trying to implement with their digital RMB. So bitcoin is decentralized. It, again, ostensibly gives power …
Shone Anstey, John Mac Ghlionn: Why the US and China Are Taking Opposite Approaches to Bitcoin
December 11, 2021
admin
0 Comment