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Author Topic: Chinese central bank seminar on digital currency held in Beijing  (Read 506 times)
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January 20, 2016, 01:43:27 PM
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http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3008070/index.html

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January 20, 2016, 01:47:27 PM
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BTC rise just now because of China's news

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January 20, 2016, 02:03:10 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

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January 20, 2016, 03:52:06 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

no translation, so i want to ask, is this another crap centralized currency to compete with bitcoin, or they are saying , simply that they want to support the crypto scene?
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January 20, 2016, 04:51:09 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

no translation, so i want to ask, is this another crap centralized currency to compete with bitcoin, or they are saying , simply that they want to support the crypto scene?


... This is a competing currency created by a gov.. and not some shitty 50 person country.. a 1.1 BILLION person country...
BellaBitBit
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January 20, 2016, 04:58:45 PM
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What does this mean?  Any confirmation on whether or not it is a competing currency?

I love Bitcoin
GameKyuubi
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January 20, 2016, 05:00:48 PM
 #7

Didn't Canada try this already?  The reason Bitcoin works is specifically because it CAN'T be controlled by a government or private entity.  If a digital currency is tailored to fit the needs of a private entity it just won't work, and provides little benefit over fiat.  Why would anyone use it over Bitcoin?

BTC: 15SLrNo6PKVfsH5JLtatJcVkSQXCk1LXyq
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January 20, 2016, 05:22:53 PM
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What does this mean?  Any confirmation on whether or not it is a competing currency?
Google translate makes it seem like they are issuing their own currency:

The meeting urged the People's Bank of digital currency research team to actively absorb the important results and practical experience of digital currency research at home and abroad, continue to advance on the basis of preliminary work to establish a more effective organizational guarantee mechanism, to further clarify the strategic objectives of the central bank issued digital currency and do key technologies, multi-scene digital currency research applications for the early introduction of digital currency issued by the central bank. Design of digital currency should be based on economic, convenience and safety principles, and ensure the application of low-cost digital currency, wide coverage, digital currency payment instruments with other seamlessly, enhance the applicability and vitality of digital currency.

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January 20, 2016, 05:24:28 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

no translation, so i want to ask, is this another crap centralized currency to compete with bitcoin, or they are saying , simply that they want to support the crypto scene?


... This is a competing currency created by a gov.. and not some shitty 50 person country.. a 1.1 BILLION person country...

is still a centralized currency, akin to fiat, why i should not call it shitty like i define fiat in the same way?, everything that is centralized is shitty to me not matter the features that it owns
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January 20, 2016, 05:29:06 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

google: Mintchip

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January 20, 2016, 06:20:59 PM
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Mintchip was not based on blockchain.
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January 20, 2016, 06:30:25 PM
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Mintchip was not based on blockchain.
Who said this will be based on the blockchain? That and we know governments are not a fan of limited supply of money, the chinese government is known to be over reaching and I don't see this gaining much traction.

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January 20, 2016, 06:41:13 PM
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Haven't the Chinese already had some kind of digital currency used on the biggest gaming portal in their country that subsequently failed? And really the price of bitcoin is increasing due to this bank seminar in China?
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January 20, 2016, 06:48:10 PM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency. 

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

no translation, so i want to ask, is this another crap centralized currency to compete with bitcoin, or they are saying , simply that they want to support the crypto scene?

ARE YOU SURE MY MANDARIN ISN'T GREAT BUT THAT LOOKS LIKE AN ORDER FOR A PORTION OF SWEET AND SOUR CHICKEN BALLS.....Smiley
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January 21, 2016, 04:54:38 AM
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会议要求,人民银行数字货币研究团队要积极吸收国内外数字货币研究的重要成果和实践经验,在前期工作基础上继续推进,建立更为有效的组织保障机制,进一步明确央行发行数字货币的战略目标,做好关键技术攻关,研究数字货币的多场景应用,争取早日推出央行发行的数字货币。数字货币的设计应立足经济、便民和安全原则,切实保证数字货币应用的低成本、广覆盖,实现数字货币与其他支付工具的无缝衔接,提升数字货币的适用性和生命力。

This sentence means that the Bank of China intends to launch digital currency.  

This makes me surprised that the Chinese government is actually the world's first statement to launch digital currency country, or I do not know there are other   Shocked

no translation, so i want to ask, is this another crap centralized currency to compete with bitcoin, or they are saying , simply that they want to support the crypto scene?
Maybe you are right, you know, China is not a fully democratic country, it is definitely a centralized currency, there are strict supervision. Smiley

all right , anyway this is a good thing to compare the bitcoin. I can't imagine if a digital currency is as popular as bank card in a 1.3 billion people country , What is the price of bitcoin?  Tongue

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