Gyroscopic Investing

think the US media mistranslated the press release.  Here is something I read that seems to more accurately describe the situation:

Storm, I can't tell exactly what part of that quotebox is quoted and what is your own. I visited the links and found some text but in any case, I made a more readable version of your main quote above for my own eyes. (Larger font, more spacing). I might as well attach it here in case someone else wants it.

...
oh damn, I thought the Attachments thing was going to let me attach a PDF. 
I guess everyone else can just use your links at the bottom. But I don't know if the text is complete.

dualstow wrote:

think the US media mistranslated the press release.  Here is something I read that seems to more accurately describe the situation:

Storm, I can't tell exactly what part of that quotebox is quoted and what is your own. I visited the links and found some text but in any case, I made a more readable version of your main quote above for my own eyes. (Larger font, more spacing). I might as well attach it here in case someone else wants it.

...
oh damn, I thought the Attachments thing was going to let me attach a PDF. 
I guess everyone else can just use your links at the bottom. But I don't know if the text is complete.

It's all quoted.  Here is where I read this:  http://www.reddit.com/r/Bitcoin/comment ... dy_in_the/

It's just one perspective, but perhaps it is good news that the Chinese government is treating it as a commodity, and not as currency.  That way it isn't subject to the strict currency controls that the government has in place.

I do believe that a huge reason behind the run up in value is that wealthy Chinese are using it as a method of transferring money outside of the country.  Keep in mind that China has a very strict policy and only allows USD $50K per citizen to leave the country every year.  This has created a huge build up of money that has nowhere to go and no way to leave.