very serious threat to our economic perch. In fact, this is possibly the biggest threat out there to it.
Link: https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118
China is ready to roll out 1rst major centrally backed cryptocurrency. We are way behind & this is a
Replies to: "China is ready to roll out 1rst major centrally backed cryptocurrency. We are way behind & this is a"
- China is ready to roll out 1rst major centrally backed cryptocurrency. We are way behind & this is a [LINK]
- BaronVonZemo - 1:16pm 4/25/22
(24) [View All]
- Nope will never happen. I would short anything China does on the international stage. [NT] - PBHangingChad - 8:05pm 4/25/22
- Geeze - Nigel Tufnel - 3:25pm 4/25/22
- This is a big deal, but Lance referenced end days. We need to get going. - BaronVonZemo - 5:46pm 4/25/22
- Looks like a digital currency tied to the Yuan & controlled by PRC cBank, not a cryptocurrency. - NedoftheHill - 2:15pm 4/25/22
- The dollar index is at the high for the past year and has rallied over 11%. - Iggle - 3:43pm 4/25/22
- Yeah. The hacks are of exchanges, not the cryptocurrency itself. The PRC just made an exchange. - NedoftheHill - 4:06pm 4/25/22
- Correct, it is intended for the domestic market. - LanceHarbor - 2:17pm 4/25/22
- It does raise interesting issues. - NedoftheHill - 2:19pm 4/25/22
- That's a pretty advanced local gas station. - LanceHarbor - 2:28pm 4/25/22
- Ever heard of an app? - BaronVonZemo - 5:43pm 4/25/22
- But that is kind of the point. Digital currency will become accessible to all. It is digital. - NedoftheHill - 2:30pm 4/25/22
- It's available right now. - LanceHarbor - 2:40pm 4/25/22
- El Salvador (the entire nation) accepts Bitcoin as legal tender. - NedoftheHill - 2:42pm 4/25/22
- This was before their corrupt president made that official. - LanceHarbor - 2:48pm 4/25/22
- Right. John Doe takes the easy route, until it becomes too costly. Then he chooses next best option. [NT]
- NedoftheHill - 2:51pm 4/25/22
- That's right, I forgot about the hyperinflation in your scenario. [NT]
- LanceHarbor - 3:28pm 4/25/22
- I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion. [NT] - NedoftheHill - 4:12pm 4/25/22
- That's right, I forgot about the hyperinflation in your scenario. [NT]
- LanceHarbor - 3:28pm 4/25/22
- Right. John Doe takes the easy route, until it becomes too costly. Then he chooses next best option. [NT]
- NedoftheHill - 2:51pm 4/25/22
- This was before their corrupt president made that official. - LanceHarbor - 2:48pm 4/25/22
- El Salvador (the entire nation) accepts Bitcoin as legal tender. - NedoftheHill - 2:42pm 4/25/22
- It's available right now. - LanceHarbor - 2:40pm 4/25/22
- That's a pretty advanced local gas station. - LanceHarbor - 2:28pm 4/25/22
- It does raise interesting issues. - NedoftheHill - 2:19pm 4/25/22
- The dollar index is at the high for the past year and has rallied over 11%. - Iggle - 3:43pm 4/25/22
- Worse than that, the days of the Dollar as World Reserve Currency are numbered..Reason: profligacy- - CapeIrish - 1:57pm 4/25/22
- Heard a great exposition on this - we have not prioritized it until very recently. We're yrs from a - BaronVonZemo - 2:06pm 4/25/22
- I think legal entities should be hesitant to allow the PRC to hold their money for them. - NedoftheHill - 2:16pm 4/25/22
- Who knew the end is so near? - LanceHarbor - 2:03pm 4/25/22
- Probably nick some off Chris. He predicted doom and gloom every day of the Trump presidency. - Stark Raving Dad - 2:30pm 4/25/22
- So, you think the USD will remain solid forever?...or just beyond your lifetime? [NT] - NedoftheHill - 2:33pm 4/25/22
- Probably nick some off Chris. He predicted doom and gloom every day of the Trump presidency. - Stark Raving Dad - 2:30pm 4/25/22
- Heard a great exposition on this - we have not prioritized it until very recently. We're yrs from a - BaronVonZemo - 2:06pm 4/25/22
- So dramatic...always. - LanceHarbor - 1:55pm 4/25/22