This spells nothing good for Bitcoin, when a economic power house like China starts developing their own "Blockchain" technology. If they succeed we will see a lot more of this :
The world economy and more specifically the USA are closely linked with Chinese markets and the currency they trade with... introducing a new currency or technology could
upset this relationship.
not really. its still a government currency..
the only difference citizens will see is instead of
pay:[Account:0123456 bank branch: 45-67-89] it will be
pay:[GaRand0m4ddre55un1qu3t0p3r50n].
but essentially they will still do the same thing in their lives and the unit of measure would be the same inflationary crap
The link is in Chinese
google chrome has a translate feature