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LOL. This will never happen, as long as its tied to a GOV its not going to widely accepted. The same farce happened with facebooks own crypto. The Chinese GOV
by phplovesong 6y ago
LOL. This will never happen, as long as its tied to a GOV its not going to widely accepted. The same farce happened with facebooks own crypto.
The Chinese GOV could probably "force" its people to adopt this, but its not going to be used outside china.
- powerapple 6y agoI don't know about your first argument. Dollar is tied to US and you wouldn't mind to take it don't you? It is a currency, and it is backed up by a government. Of course, the Chinese currency is not dollar. You should see it as paypal, rather than something like bitcoin.
- phplovesong 6y agoDollar has been on the decline since Nixon removed the gold standard. The FIAT system is deeply flawed and it looks like money printing is just increasing (see US debt, and issues bonds over the last 40-50 years). This led to crypto like Bitcoin, thats NOT tied to a GOV or any other instance. Why would i move from Bitcoin to Chinacoin? Why would i trust the Chinese gov with my money?