Yeah. The hacks are of exchanges, not the cryptocurrency itself. The PRC just made an exchange.

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Yeah. The hacks are of exchanges, not the cryptocurrency itself. The PRC just made an exchange.

Author: NedoftheHill (45645 Posts - Joined: Jun 29, 2011)

Posted at 4:06 pm on Apr 25, 2022

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Dollar doing well because the market expects what, 2% increase in rates by July?

This message has been edited 1 time(s).

Evil preaches tolerance until it is dominant, then it tries to silence good.

Replies to: "Yeah. The hacks are of exchanges, not the cryptocurrency itself. The PRC just made an exchange."

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
- 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
- So dramatic...always. - LanceHarbor - 1:55pm 4/25/22

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