[SyneRyder]

You might have missed the news that Baidu (basically China's equivalent of Google) have started accepting Bitcoin as payment for their services. It's unlikely that Baidu is able to do that without approval (or at least guidance) from the Chinese Government. That's partly what has sent Bitcoin soaring, the theory that China views Bitcoin as a viable alternative currency to USD, and they want to dominate it before other countries do.

http://money.cnn.com/2013/11/18/investing/bitcoin-china/

[fat0wl]

This is interesting but where you go off the rails is with the word "dominate". If it's a currency and very easily divisible (move some decimal places) why would one need to dominate it?

You Bitcoiners claim to be more than just a mound of greedy speculators yet you view everything as a hoarder/trading scenario.