Oddbean new post about login | logout Haven’t followed this one closely. One thought: How sovereign are they? I’ve read in the past that they have cool things in their constitution such as “happiness of citizens” actually written into their goals But, the sceptic in me, if I was China, they’d make a neat proxy for accumulating..?
Why does China need a proxy?
Well they wouldn’t want to undermine their own currency, which as a communist state is key to their manifesto Saying that, I bet their are all sorts of capital leakage avenues, off market of course, in which party officials are making as much money as they can Think off shore companies. Relatives as dormant shareholders. Etc etc which if true they wouldn’t need a nation state as a front Who knows! All guess work
They look to have somehow remained very neutral & maintained their culture. It seems physically quite difficult to access the country, which may have helped. They only got TV & Internet in like 1999 & yet they've stacked more Sats than ES! It's a constitutional monarchy with a young energetic king. He was educated in the UK, so he's been exposed to Western culture & clearly Bitcoin. They measure their success by GNH & not GDP. https://en.m.wikipedia.org/wiki/Gross_National_Happiness