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It means digital money, controlled by a country's central bank the value of which is tied to the country's fiat currency. Of course it requires cryptography to
by timbit42 4y ago
It means digital money, controlled by a country's central bank the value of which is tied to the country's fiat currency. Of course it requires cryptography to make it secure, but it's not like Bitcoin which is not centrally controlled and the value of which is not tied to any fiat currency.
- kwertyoowiyop 4y agoI’ll trust the upcoming CCP digital currency more than Bitcoin.
- timbit42 4y agoI would agree the value of the CCP digital currency would be more trustworthy, ie. stable, than Bitcoin but it would be easier for a government to take the CCP digital currency from you than the Bitcoin.
- XargonEnder 4y agoIf you want to keep trusting it over time then you can never criticize the CCP or they will take it from you.