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China is a big player, but it's just one of many.

But even China can't stop bitcoin from being used in China. They just made it harder, that's all.

Bitcoin keeps getting adopted, the infrastructure is getting built, better software is being written. Whether you like it or not, it's getting more popular, that's just a fact.

I predict it will take Western Union and Money Gram and many smaller money transferers out of business in a few years. I'm sort-of confident it will take a significant portion of Paypal's business as well.




In some sense, I think the opposite. Bitcoin will succeed everywhere that PayPal and MoneyGram currently are failing. I suspect Bitcoin will replace a lot of cash and "valuables".

It may someday replace more "developed nations"/consumer-facing stuff like PayPal, but that will be a slow, politicized process fought in the arena of public sentiment. It will spread like wildfire in the arenas where there is currently no good means of transfer.




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