27 Jun, Dalian-Li Daokui, Tsinghua University professor and former member of PBOC Monetary Committee, said Bitcoin would not replace fiats and Alipay couldn’t issue digital currency at the Davos Forum 2017. In a session themed “The Global Impact of China’s Financial Reform” , Li commented on virtual currency, saying that the critical issue about digital currency is who has the authority to issue the currency. Currency in the future would still be created only by governments.
However Li Xiaodong, Director of CNNIC (China Internet Network Information Center), thinks differently.
In Li Xiaodong’s view, currently the blockchain startups are facing great risks but also with great potentials.
“99 out of 100 blockchain start-ups will die. But the one that survive couldn’t make it without the other 99 companies.”
http://news.8btc.com/director-of-cnnic-99-of-100-blockchain-startups-will-die
