China’s Cryptic Cryptocurrency Cull

China’s love-hate relationship with cryptocurrencies and blockchain technology is one that is born out of necessity rather than ideology.

Patrick Tan
The Capital
Published in
10 min readDec 5, 2019

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I’m loving it. (Photo by Andrew Herashchenko on Unsplash)

Timothy Wade was in a hurry, as it always seemed to be the case. But he still wanted to make sure that his breakfast order at his usual McDonald’s was just how he liked it.

Sausage McMuffin with egg and an added helping of bacon.

While messing with the self-serve machines, Wade noticed that it wasn’t possible to customize his order the way he wanted, so he ordered a basic sausage McMuffin with egg and went to a manned counter to customize it just how he liked.

When the takeaway bag came to Wade, he noticed that it felt slightly off, a little too light.

Instead of rushing off as was his habit, he opened up the bag, sneaked a peak at its contents and realized to his horror that instead of adding the things he wanted, McDonald’s had removed them, he ended up with a slice of cheese between two muffin slices.

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Patrick Tan
The Capital

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn