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If China can move to DCEP (Chinese state crypto) and get their borrowers to follow their lead, the US will find itself in a tough position. In the end game for
by twobitshifter 6y ago
If China can move to DCEP (Chinese state crypto) and get their borrowers to follow their lead, the US will find itself in a tough position. In the end game for China, they displace the US and can avoid the dollar in trade.
- seppin 6y agoIf it was that easy to displace the dollar, someone would have done it already. What advantage does a Chinese cryptocurrency have over a traditional one?
- caeril 6y agoThis. August 15th of this year will be FIFTIETH anniversary of Nixon telling the rest of the world that their dollars held in reserve are redeemable for precisely one bag of dicks. If the world was ever going to de-dollarize, they would have done it at any point in the last half-century.
- machiaweliczny 6y agoYou think noone tried? They just got assasinated.