{"id":59474,"date":"2021-09-24T16:43:30","date_gmt":"2021-09-24T21:43:30","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59474"},"modified":"2021-09-24T16:43:30","modified_gmt":"2021-09-24T21:43:30","slug":"why-the-west-cant-ban-bitcoin-the-way-china-did","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59474","title":{"rendered":"Why the West can\u2019t ban Bitcoin the way China did"},"content":{"rendered":"
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Why the West can\u2019t ban Bitcoin the way China did<\/a><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n
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Only a complete \u201cdictatorship of the proletariat\u201d can kill Bitcoin<\/strong><\/p>\n

Evergrande is being called China\u2019s \u201cLehman moment\u201d and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions.<\/p>\n

For those paying attention, however, China isn\u2019t just moving against crypto, they\u2019ve been bringing their entire technology sector to heel. They also stated that it is time to\u00a0redistribute wealth<\/a>\u00a0from the top tier of the nations wealth holders to the rest of the peasant class.<\/p>\n

This isn\u2019t a return to their Communist roots as much as it is a move of self-preservation against rising internal powers. In the words of my friend\u00a0Charles Hugh Smith<\/a>\u00a0via some correspondence we\u2019ve been having this week\u00a0\u201cXi has set out to crush the Network State\u201d.<\/em>
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\nI said in my earlier\u00a0Network State Primer<\/a>\u00a0about the coming tension between Nation States and Network States: the former will go down swinging.<\/p>\n

The power structures of the nation states won\u2019t go gently into the dustbin of history. They will go down swinging, over a transitional era that may span decades or longer, similar to the centuries long tensions between monarchs and the Papacy that shaped the transition from the Middle Ages into the Renaissance.<\/em><\/p><\/blockquote>\n

China has decided to make their last stand of the Nation State, now. Here at this moment in time. They will not bail out Evergrande, they will allow their side of the Everything Bubble to pop, and they will use the economic crash to make a final sweep of consolidation of their power. They will make sure their Big Tech knows who is in charge and that it is not them.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Why the West can\u2019t ban Bitcoin the way China did Only a complete \u201cdictatorship of the proletariat\u201d can kill Bitcoin Evergrande is being called China\u2019s \u201cLehman moment\u201d and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions. For those paying attention, however, China isn\u2019t just […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[4174,31115,130,15611,23383,965],"class_list":["post-59474","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bitcoin","tag-bombthrower-com","tag-china","tag-cryptocurrency","tag-mark-e-jeftovic","tag-west"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59474"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59474\/revisions"}],"predecessor-version":[{"id":59475,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59474\/revisions\/59475"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}