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Canada's mint already created a crypto-currency. https://en.wikipedia.org/wiki/MintChip https://en.wikipedia.org/wiki/MintChip It didn't exactly explode in po
by beloch 7y ago
Canada's mint already created a crypto-currency.
https://en.wikipedia.org/wiki/MintChip https://en.wikipedia.org/wiki/MintChip
It didn't exactly explode in popularity, and has since been sold to a private corp.
China won't be the first country to issue a crypto-currency because it's already been done by other countries. If China does issue one, people likely won't trust it and will avoid it like the plague. China's only real advantage here it is to leverage their authoritarian state to force their own citizens to use a state-approved crypto-currency and hope it catches on elsewhere as a result.
As for China becoming the world's sole super-power in the next decade... I am skeptical. Given China's demographics (i.e. greying), current political problems (e.g. Hong Kong), exodus of manufacturing (e.g. Samsung), and increasing resistance to their influence from other states, I would predict China's global power is near its peak and will soon begin declining, likely being substantially lower at the end of the decade than it is now.
- gremlinsinc 7y agoI predict china will hit a ceiling in growth as a result of it's imhumane policies, and eventually authoritarianism is going to hit a line where the people rise up. China may go to far in it's ethnic cleansing or other bad things might come up and unless they change, they will never rise above a certain growth level. Not saying they'll become democratic, but at least better stewards over their own people. Also, I think and HOPE their social credit program fails miserably, that's the last thing we need other countries to start adopting.