On Tue, 20 Oct 2015 19:32:46 -0600 Mirimir <[email protected]> wrote:
> On 10/20/2015 04:29 PM, Juan wrote: > > On Tue, 20 Oct 2015 17:38:39 -0400 > > grarpamp <[email protected]> wrote: > > > >> On Wed, Oct 14, 2015 at 10:41 AM, Cari Machet > >> <[email protected]> wrote: > >>> Presently the chinese see the futility of the system and are > >>> shifting i cant remember into what exactly > >> > >> Bitcoin. > > > > And your source is? > > 2015-10-20: https://www.bitcoincharts.com/charts/volumepie/ Thanks. I wasn't aware that ~70% of btc trades are denominated in chinese fiat. Assuming the data is correct (which seems to be debated) Anyway, the original discussion was about the US and chinese governments manipulating their own monopoly tickets. The chinese government isn't moving away from fiat although there seems to be rumours of them linking the yuan to gold somehow. As to common people in china, maybe they are buying more bitcoins (and gold?), but the amount of fiat that's been turned into btc isn't exactly big, I would guess. So, saying that the chinese are shifting into bitcoin seems overly optimistic.
