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> What if it is actually true that China doesn't want to be a reserve currency and own seniorage from the rest of the world? (As Chinese leaders repeatably have
by T-A 6y ago
> What if it is actually true that China doesn't want to be a reserve currency and own seniorage from the rest of the world? (As Chinese leaders repeatably have said.)
What if it is actually true that China won't militarize reefs in the South China Sea or encroach on Hong Kong's autonomy, as Chinese leaders repeatedly said?
Oh, wait...
- throwaway4good 6y agoEven if you assume ill intent it would make a lot more sense for China not to try and topple the US dollar dominance head on.
- deleted 6y ago[deleted]
- gscott 6y agoThis is the least head on method... give the app ten years. China makes everything and eventually if you want to buy from China you will be made to use the app. China uses the Microsoft method. Embrace, extend, extinguish.
- Arnt 6y agoYou realise it's not a single app? Rather, it's universal connectivity dressed up in buzzwords. Today, people ship little things in their containers that report e.g. temperature aberrations, so when you take delivery of something you can see whether it's been cooled continuously. The article is saying that these things will instead report temperature (and other things) online, so you can monitor the temperature in each container of your mango/yoghurt/fish/… shipment in real time. If you as buyer don't want to, why would the seller care? But if you want to sell to a buyer who's used to that from many other sellers, you might have a problem. So Chinese technology replaces dollar escrow.