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Bitcoins always had its flaw from the start but I wonder if this is just the concerted effort to shift people over to Central Bank Digital Currency having used
by Terry_Roll 5y ago
Bitcoins always had its flaw from the start but I wonder if this is just the concerted effort to shift people over to Central Bank Digital Currency having used the existing crypto tokens as a Proof in Concept whilst raising awareness of a new type of mon(k)ey token.
China already have their own Digital Currency (DC)
https://en.wikipedia.org/wiki/Digital_renminbi https://en.wikipedia.org/wiki/Digital_renminbi
and on the 18th the UK unveils this, which people can watch online for free.
https://www.rusi.org/events/open-to-all/central-bank-digital-currencies-plotting-path-ahead-uk https://www.rusi.org/events/open-to-all/central-bank-digital...
One thing I noted with the Chinese DC, is that the DC can starting expiring in order to stimulate spending in the wider economy, much like the ECB's negative interest rates. Reports suggest the big global corps like Siemens and Phillips are paying to store money in EU banks instead of investing it, but this could also be the mopping up of quantitative easing money being End-of-Lifed.
Nothing is ever transparent in global finance and politics.