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Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.

 
McDonald Trunalimunumaprzure

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04/07/2021 10:14 PM

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Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
[link to www.marketwatch.com (secure)]
[link to news.yahoo.com (secure)]

Thiel said China would like to see two global reserve currencies, rather than the dollar being the default reserve currency. But China doesn’t want its renminbi to fill that role, and in the past has used the euro “in part” as a weapon against the dollar. That hasn’t worked, so now China is trying to elevate bitcoin, Thiel argued.

“[If] China’s long bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works,” he said.


Appearing alongside former Secretary of State Mike Pompeo and former National Security Adviser Robert O'Brien at a virtual event held for members of the Richard Nixon Foundation, Thiel warned that Bitcoin may be a threat to the United States, indicating that his hawkish attitude toward China outweighs his crypto enthusiasm (Thiel is a major investor in virtual currency ventures and in cryptocurrencies themselves, Bloomberg notes).

Thiel explained that China isn't fond of the fact that the U.S. dollar is the world's major reserve currency because it gives the U.S. global economic "leverage," and he thinks Beijing may view Bitcoin as a tool that could chip away at the dollar's might. "I do wonder whether at this point, [if] Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.," he said, video from the event obtained by Bloomberg reveals. "It threatens fiat money, but it especially threatens the U.S. dollar ... perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works."
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04/07/2021 10:17 PM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
It is fairly well known that the 'whales' in BtC are Chinese...but even here, most clamour for more digital dollars and stride about with their fucking smart phones waving them at machines. The pigs will figure out the fencing that locked them down later. Too late, and they can cry, but it will happen.
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Scorched

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04/07/2021 10:38 PM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
As soon as China is cut off from the USA, invasions start while hundreds of millions of Chinese starve.
Ben there..twice
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04/07/2021 11:21 PM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
As soon as China is cut off from the USA, invasions start while hundreds of millions of Chinese starve.
 Quoting: Scorched


Most Americans will starve as well if you look at drought charts.
If you are not busy weaving your own magick, you are trapped in anothers spell.
"There are times you'll never remember with friends you'll never forget" T-Bone
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/7oo7/

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04/07/2021 11:40 PM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
panther0621

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04/07/2021 11:47 PM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
 Quoting: /7oo7/


he is that mario guy i thought lol
Doomtarded

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04/07/2021 11:48 PM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
As soon as China is cut off from the USA, invasions start while hundreds of millions of Chinese starve.
 Quoting: Scorched


Other way around.
Junior Doom
/7oo7/

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04/07/2021 11:49 PM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
WHO had the time, inclination, technology and the motive to push Bitcoin to it's brutally obvious end game?

Cui Bono?

bunting
bigD111

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04/08/2021 12:05 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
I had read that the big money in Bitcoin was Chinese, so that confirms it! Isn't Bitcoin a fixed supply, would there be enough supply?
deplorably republican
TakeTheHeadOffTheShri​mp

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04/08/2021 12:22 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
[link to www.marketwatch.com (secure)]
[link to news.yahoo.com (secure)]

Thiel said China would like to see two global reserve currencies, rather than the dollar being the default reserve currency. But China doesn’t want its renminbi to fill that role, and in the past has used the euro “in part” as a weapon against the dollar. That hasn’t worked, so now China is trying to elevate bitcoin, Thiel argued.

“[If] China’s long bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works,” he said.


Appearing alongside former Secretary of State Mike Pompeo and former National Security Adviser Robert O'Brien at a virtual event held for members of the Richard Nixon Foundation, Thiel warned that Bitcoin may be a threat to the United States, indicating that his hawkish attitude toward China outweighs his crypto enthusiasm (Thiel is a major investor in virtual currency ventures and in cryptocurrencies themselves, Bloomberg notes).

Thiel explained that China isn't fond of the fact that the U.S. dollar is the world's major reserve currency because it gives the U.S. global economic "leverage," and he thinks Beijing may view Bitcoin as a tool that could chip away at the dollar's might. "I do wonder whether at this point, [if] Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.," he said, video from the event obtained by Bloomberg reveals. "It threatens fiat money, but it especially threatens the U.S. dollar ... perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works."
 Quoting: McDonald Trunalimunumaprzure


This is what I said. I did my research on btc. I think Jiping is running btc. I would never buy any btc.
Saint Lance the Odd from BC
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04/08/2021 12:26 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
 Quoting: /7oo7/


I thought it was Edward Greenspan?
If you are not busy weaving your own magick, you are trapped in anothers spell.
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Gordy7789

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04/08/2021 12:47 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
 Quoting: /7oo7/


His name is David Schwartz.

He patented the idea and technology behind blockchains back in 1988.


He's a multibillionaire. Never states how he became that wealthy. All he says is that he was part of the "team" that first worked on Bitcoin.
CageyBee

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04/08/2021 12:48 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
On April 21st, as he does annually, Putin will be speaking to the Russian Federal Assembly. A "game-changing" announcement is expected. It is believed that he will announce that Russia has deployed a new defense system that will make Russia impenetrable by any weapons, including hypersonic missiles. Putin hinted at this during his last press-conference.

What would that mean for the world? It would mean that if Russia were to strike some country with a nuclear attack, there would be no hit back.

How could Putin use it to bring peace? He could ask for the Federal Reserve to be internationalized, NATO to be disbanded, nuclear arms reduced, all US overseas military bases closed, MSM propaganda reined-in, etc.
panthers

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04/08/2021 12:52 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
bitcoin machines generate so much heat. surprised Greta hasn't said anything.
1010[11]2358
ProjectBlueBird

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04/08/2021 01:04 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
Bitcoin is so avant garde that even China, North Korea, and Iran are into it.

Thread: Iran BYPASS American Sanctions by Nationalizing Bitcoin Miners.

Thread: North Korea using Bitcoin to evade UN Sanctions

Thread: Will Trump Ban Bitcoin since over 60% of Bitcoin mining is done in CHINA?
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04/08/2021 02:07 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
 Quoting: /7oo7/


His name is David Schwartz.

He patented the idea and technology behind blockchains back in 1988.


He's a multibillionaire. Never states how he became that wealthy. All he says is that he was part of the "team" that first worked on Bitcoin.
 Quoting: Gordy7789


hesright
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DiamondBlack

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04/08/2021 02:16 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So who is Satoshi Nakamoto after all?

He sure isn't Japanese.

chuckle
 Quoting: /7oo7/


His name is David Schwartz.

He patented the idea and technology behind blockchains back in 1988.


He's a multibillionaire. Never states how he became that wealthy. All he says is that he was part of the "team" that first worked on Bitcoin.
 Quoting: Gordy7789


"Wealthy" from lying, stealing and perhaps killing someone.
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Gerago

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04/08/2021 02:21 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
Same asshole with triple citizenship who ran to NZealand when Trump won presidency in 2016.
angryface
acowardhasnoname

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04/08/2021 02:22 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
l o l thiel himself is using btc against his own people

they
are
all
in
on
it
Lazzathegreek

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04/08/2021 02:35 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
Peter Thiel anagram "The Reptile"
/7oo7/

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04/08/2021 02:45 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
WHO had the time, inclination, technology and the motive to push Bitcoin to it's brutally obvious end game?

Cui Bono?

bunting
 Quoting: /7oo7/
javierruizleon

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04/08/2021 03:44 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
So scarred right now
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Surrealistic Endeavors

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04/08/2021 03:46 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
But isn't the Federal Reserve using the dollar as a ‘financial weapon’ against the people of the U.S.?
Wasn't the point of bitcoin 'Decentralized Currency'?

So...
China's using bitcoin to destroy the unwanted European interests in America?
Shintaro168

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04/08/2021 04:15 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
But isn't the Federal Reserve using the dollar as a ‘financial weapon’ against the people of the U.S.?
Wasn't the point of bitcoin 'Decentralized Currency'?

So...
China's using bitcoin to destroy the unwanted European interests in America?
 Quoting: Surrealistic Endeavors


trump-HRYK
Shintaro168
javierruizleon

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04/08/2021 04:18 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
Fake nerd coin news
Genesis-Acts,Hebrews-Revelation to the Jews
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Just Passing Through.....
But the greatest is love.....

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04/08/2021 05:09 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
[link to www.marketwatch.com (secure)]
[link to news.yahoo.com (secure)]

Thiel said China would like to see two global reserve currencies, rather than the dollar being the default reserve currency. But China doesn’t want its renminbi to fill that role, and in the past has used the euro “in part” as a weapon against the dollar. That hasn’t worked, so now China is trying to elevate bitcoin, Thiel argued.

“[If] China’s long bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works,” he said.


Appearing alongside former Secretary of State Mike Pompeo and former National Security Adviser Robert O'Brien at a virtual event held for members of the Richard Nixon Foundation, Thiel warned that Bitcoin may be a threat to the United States, indicating that his hawkish attitude toward China outweighs his crypto enthusiasm (Thiel is a major investor in virtual currency ventures and in cryptocurrencies themselves, Bloomberg notes).

Thiel explained that China isn't fond of the fact that the U.S. dollar is the world's major reserve currency because it gives the U.S. global economic "leverage," and he thinks Beijing may view Bitcoin as a tool that could chip away at the dollar's might. "I do wonder whether at this point, [if] Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.," he said, video from the event obtained by Bloomberg reveals. "It threatens fiat money, but it especially threatens the U.S. dollar ... perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works."
 Quoting: McDonald Trunalimunumaprzure



Ahhhh, Peter Theil. The man himself, the owner of Palintir. He would be right there with Mile Pompeo.

Y'all want to see something that'll curl your toes look up Peter Theil's company Palintir.
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04/08/2021 05:19 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
1 billion Chinese can walk into America and outnumber us in a day.
Agent 88

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04/08/2021 05:30 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
It is fairly well known that the 'whales' in BtC are Chinese...but even here, most clamour for more digital dollars and stride about with their fucking smart phones waving them at machines. The pigs will figure out the fencing that locked them down later. Too late, and they can cry, but it will happen.
 Quoting: Saint Lance the Odd from BC


I like the concept of cryptos and the blockchain, but I don't like the fact its virtual and not backed by anything...

Not to mention the fact it needs the power to stay on...

Power usually goes out in times of war...

War is coming!

So, maybe precious metals is not such a bad idea after all...

5000 years vs 13 years...

Makes you wonder...
As above, so below.
Maskless- circa 1973
Agent 88

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04/08/2021 05:34 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
1 billion Chinese can walk into America and outnumber us in a day.
 Quoting: Agent 99


They can lose 500 million during an invasion and still be at an advantage with numbers...

Keep in mind the fact that USA has 320 million people, give or take a few million, but the real question is how many will take up arms in an invasion...1dunno1

Look at what happened during the past election and who is in the white house now...

Are any Americans taking to the streets now???

The country is in the middle of a commie takeover right now...AND NOTHING IS BEING DONE!!!
As above, so below.
Maskless- circa 1973
My Foolish Daydream

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04/08/2021 05:38 AM

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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
1 billion Chinese can walk into America and outnumber us in a day.
 Quoting: Agent 99


They can lose 500 million during an invasion and still be at an advantage with numbers...

Keep in mind the fact that USA has 320 million people, give or take a few million, but the real question is how many will take up arms in an invasion...1dunno1

Look at what happened during the past election and who is in the white house now...

Are any Americans taking to the streets now???

The country is in the middle of a commie takeover right now...AND NOTHING IS BEING DONE!!!
 Quoting: Agent 88


Agent 88 and Agent 99, are y'all working together? What's the current mission? Or would you have to kill me if I knew?
It's just a bad day, not a bad life. If you run, I will run, until my last breath.
KSpanx

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04/08/2021 05:46 AM
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Re: Peter Thiel: China may be using bitcoin as ‘financial weapon’ against U.S.
financial weapon how? dump it to nothing?

its a fixed supply, not like the financial weapon the federal reserve has had us all under for the last 100 years.

money fixed on NOTHING.





GLP