A few centuries ago, China banned a major decentralized system that was used for peer-to-peer international transactions (maritime trading). The ban (海禁) has reduced the international influence of China, and made China so weak that European countries eventually colonized it.

A few centuries ago, China banned a major decentralized system that was used for peer-to-peer international transactions (maritime trading). The ban (海禁) has reduced the international influence of China, and made China so weak that European countries eventually colonized it. submitted by /u/themetalfriend
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