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> The fact that even Beijing isn't taking that path should show how extreme it is. I think they absolutely are taking that path with their recent push towards
by hwbehrens 5y ago
> The fact that even Beijing isn't taking that path should show how extreme it is.
I think they absolutely are taking that path with their recent push towards the eYuan. If they want to replace Alipay with their nationalized, centralized system, I imagine the steps would look roughly like:
1. Create eYuan (Done)
2. Disrupt other solutions (We are here)
3. Disallow other solutions
4. Done
- toomuchtodo 5y agoI am honestly a bit shocked how many folks are aware of China's digital currency push and nationalizing big fintech, and still don't see this is the endgame. Monetary policy and control of economies are power, why would you cede that control to civilians?
- tetris11 5y agoCitizens tend to have more say over how their countries leaders, than how a CEO of a company they consume from is elected