Bitcoin Forum
April 20, 2021, 04:09:00 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: 1 2 3 4 5 6 7 [All]
  Print  
Author Topic: China is looking to get rid of the US dollar  (Read 861 times)
(o)(o)ilikeboobs(o)(o)
Full Member
***
Offline Offline

Activity: 598
Merit: 102



View Profile
October 15, 2020, 02:15:52 PM
Merited by wack slacker (1)
 #1

The US Dollar is a currency with global liquidity, and almost all national currencies must be converted to US dollars to purchase products from within the country. The dollar is the mediating currency around the world for most transactions, where US companies are where the strength of the dollar exists.

China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.
I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
1618891740
Hero Member
*
Offline Offline

Posts: 1618891740

View Profile Personal Message (Offline)

Ignore
1618891740
Reply with quote  #2

1618891740
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1618891740
Hero Member
*
Offline Offline

Posts: 1618891740

View Profile Personal Message (Offline)

Ignore
1618891740
Reply with quote  #2

1618891740
Report to moderator
1618891740
Hero Member
*
Offline Offline

Posts: 1618891740

View Profile Personal Message (Offline)

Ignore
1618891740
Reply with quote  #2

1618891740
Report to moderator
1618891740
Hero Member
*
Offline Offline

Posts: 1618891740

View Profile Personal Message (Offline)

Ignore
1618891740
Reply with quote  #2

1618891740
Report to moderator
Febo
Legendary
*
Offline Offline

Activity: 2478
Merit: 1255



View Profile
October 15, 2020, 02:39:32 PM
 #2

China is looking to get rid of the US dollar

Having all your eggs in the same basket is bad. China is diversifying. Not just now, they are doing this for more than a decade. They mainly buy God and other currencies. Eventually will switch also to Bitcoin, but that will probably be closer to end of this decade. 


        ▄▄▀▀▀▄▄
     ▄▄▀▄▄███▄▄▀▄▄
  ▄▄▀▄▄█████████▄▄▀▄▄
▄▀▄▄█████ ██▄▄▄▄▀██▄▄▀▄
█ ██████ ▄ █████ ████ █
█ █████ ▄█▄ ██ ▄█████ █
█ ████ ▄███▄ ██ █████ █
█ ███ ▄█████▄ ██ ████ █
▀▄▀▀█▄███████▄██▄██▀▀▄▀
  ▀▀▄▀▀█████████▀▀▄▀▀
     ▀▀▄▀▀███▀▀▄▀▀
        ▀▀▄▄▄▀▀

       ▄▄▄▄▄▄▄
   ▄▄▀▀       ▀▀▄▄
  █               █ ▄
 █   █▀▄ ▀█▀ ▀█▀   █ ▀▄
 █   █▀▄  █   █    █  ▀▄
  █  ▀▀   ▀   ▀   █    █
▄▀ ▄▄           ▄▀    ▄▀
 ▀▀  ▀▀▄▄▄▄▄▄▄▀▀      ▀▄
        ▀▄▄      ▄▄▀▀▄▄▀
           ▀▀▀▀▀▀

                      ▄▄▄
  ▄█▄              ▄███████▄
  ▀████▄▄         ██████▀██████▀
    ▀▀▀████▄▄     ███████████▀
    ▀██▄███████▄▄███████████
     ▄▄▄▀██████████████████
      ▀████████████████████
▀█▄▄     ▀████████████████
  ▀████████████████▀█████
    ▀████████████▀▄▄███▀
       ▀▀██████████▀▀
           ▀▀▀▀▀

               ▄▄   ▄▄
              ▄▀ ▀▀█  █
             ▄▀     ▀▀
         ▄▄▄▄█▄
     ▄█▀▀▀▀▀▀▀▀▀▀█▄
 ▄▀▄▀              ▀▄▀▄
█  █   ▄█▄    ▄█▄   █  █
 ▀█    ▀█▀    ▀█▀    █▀
  █                  █
   █   ▀▄      ▄▀   █
    ▀▄   ▀▀▀▀▀▀   ▄▀
      ▀▀▄▄▄▄▄▄▄▄▀▀

   ▄▄████████████████████▄▄
 ▄██████████████████████████▄
▄████████████████████████████▄
██████████ ▀▀█████████████████
██████████     ▀▀█████████████
██████████         ▀▀█████████
██████████         ▄▄█████████
██████████     ▄▄█████████████
██████████ ▄▄█████████████████
▀████████████████████████████▀
 ▀██████████████████████████▀
   ▀▀████████████████████▀▀

   ▄▄███████████████▄▄
 ▄██▀▀             ▀▀██▄
▄██              ▄▄   ██▄
██        ▄▄▄▄▄  ▀▀    ██
██      ▄▀     ▀▄      ██
██     █         █     ██
██     █         █     ██
██      ▀▄     ▄▀      ██
██        ▀▀▀▀▀        ██
▀██                   ██▀
 ▀██▄▄             ▄▄██▀
   ▀▀███████████████▀▀

   ▄▄███████████████▄▄
 ▄█████████████████████▄
▄██████████████▀▀███████▄
████████████▀▀    ███████
█████████▀▀   ▄   ███████
██████▀▀     █    ███████
████▀       █     ███████
█████▄▄   ▄█      ███████
████████ ██▄      ███████
▀████████ ▀▄███▄▄███████▀
 ▀█████████████████████▀
   ▀▀███████████████▀▀

  ▄▄███████████████▄▄
 █████████████████████
███████████████████████
███████████▀    ███████
██████████  ▄██████████
██████████  ███████████
████████      ▄████████
██████████  ███████████
██████████  ███████████
██████████  ███████████
 █████████████████████
  ▀▀███████████████▀▀

   ▄▄████████████████▄▄
 ▄█████▀▀▀██████▀▀▀█████▄
▄████▀  ▀▀▀    ▀▀▀  ▀████▄
████▀                ▀████
███▀                  ▀███
███       ▄    ▄       ███
██▀      ███  ███      ▀██
██       ▀█▀  ▀█▀       ██
██▄     ▄        ▄     ▄██
▀██▄     ▀▀▄▄▄▄▀▀     ███▀
 ▀███▄▄▄▄▄▄████▄▄▄▄▄▄███▀
   ▀▀████████████████▀▀
palle11
Full Member
***
Offline Offline

Activity: 1302
Merit: 189


View Profile
October 15, 2020, 02:47:50 PM
 #3


China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.


And how can we prove that the same cryptocurrency won't be converted just like bitcoin or etheruem to the US dollar before buying any other fiat like in exchanges such as binance. China is making themself a big rival to US especially during the Trump regime. The Republicans have there way of trying to make larger political movement and statement, this might be the course of some of the business struggles within those two countries.

Upgrade00
Hero Member
*****
Online Online

Activity: 910
Merit: 957


Campaign management service


View Profile WWW
October 15, 2020, 03:19:35 PM
 #4

I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.
Do you mean Huawei is the only Chinese company in top 100 global ranking and it sits at the 96th spot? If yes, then you should drop a source. Browsing through various websites which uses different metrics to rank companies, they all had Chinese firms in their lists occupying high positions;
Check • https://en.m.wikipedia.org/wiki/List_of_largest_companies_by_revenue
Forbes Global 2000

There is an obvious currency war going on between the top ranked fiats, and with China leading the charge into digital block chain currency (CBDCs) this would give them an edge (in the digital curve) over other nations yet to embrace digital assets, I however do not think it would make the Yuan the global reserve currency.
The system of government in China makes it unfavourable for businesses and with such a heavily controlled financial market, firms would be less willing to hold their funds in a blockchain Yuan, which would function exactly as the traditional fiat.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
grabpopcorn536
Member
**
Offline Offline

Activity: 371
Merit: 10

Citizenfiance.io NFT gaming


View Profile
October 15, 2020, 03:20:22 PM
 #5

The US has another way to increase the liquidity of the dollar worldwide. They are in many different markets outside China. They are currently moving factories out of China. So China is looking to create a cryptocurrency and attract the Chinese people to hold them instead of the dollar.
China is taking a very creative step.

Broly46
Full Member
***
Offline Offline

Activity: 1064
Merit: 115


0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC


View Profile
October 15, 2020, 03:44:42 PM
 #6

I think it’s getting rid of capitalism rather than holocaust, but to up each own, it’s said petro dollar some time ago but nobody has slightly clue all the insider info, commoner like us just getting indoctrinated all the time.

Self hating nerd that want to escape from reality into the cyberpunk.
mindrust
Legendary
*
Offline Offline

Activity: 2128
Merit: 2131



View Profile
October 15, 2020, 03:57:17 PM
 #7

China is one of the major USD holders in the world.

If they hate it so much, why don't they dump it?

The reason is, there simply isn't anything better than the USD for that job.

RankCountryForeign Currency Reserves (in billions of U.S. dollars)
1China$3,399.9
2Japan$1,387.4
3Switzerland$850.8
4Russia$562.3
5Saudi Arabia$501.8

source: https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
TopTort777
Sr. Member
****
Offline Offline

Activity: 1176
Merit: 336


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 15, 2020, 04:10:56 PM
 #8

Just how China is going to get rid of US dollar? Forbit its exchange? Take all cash while people crossing border? Ok, this is weird, but can be done. But how they gonna be regulating all transaction? How they plan to do import/export payment with countries that use US dollars? Force them to do double exchanges?



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
tyz
Legendary
*
Offline Offline

Activity: 2562
Merit: 1332



View Profile
October 15, 2020, 04:21:15 PM
 #9

China is creating a cryptocurrency to eliminate the mediation of US dollars.

China will continue to bet on the US dollar. For a very simple reason: Besides Japan, China owns most of the US government bonds and thus indirectly also USD. If China were to break away from the US dollar, they would sell the government bonds first, which according to current official figures they are not doing. For commercial transactions, it may make sense not to rely on a foreign fiat currency as an intermediate currency and to build an own electronic system. The only question is whether this can prevail. Because then all other countries that trade with China must also use the cryptocurrency and no longer the USD.

mu_enrico
Copper Member
Legendary
*
Offline Offline

Activity: 1204
Merit: 1502


Self-proclaimed Slots Expert 😂


View Profile WWW
October 15, 2020, 04:40:26 PM
 #10

OP's opinion sounds like many things wrong stitched together to make it right.
1. There is no obligation to use USD for international trade. Businesses did it simply because USD is the most stable currency. You know, volatility stuff.
In fact, each country wants to use its own local currency, and they occasionally do a bilateral agreement. For example https://theconversation.com/indonesia-and-china-inked-a-deal-to-promote-the-use-of-the-yuan-and-rupiah-the-political-and-economic-implications-are-huge-147493
However, since we are in the world of the market economy, it all goes back to supply and demand (no government intervention could change the dynamics in the long run).

2. I doubt central banks (not only China) create their own digital currencies to "eliminate" people's preference for USD. Well, if the fundamentals are unchanged, the US' CBDC would outperform China's CBDC.

.freebitcoin.       ▄▄▄█▀▀██▄▄▄
   ▄▄██████▄▄█  █▀▀█▄▄
  ███  █▀▀███████▄▄██▀
   ▀▀▀██▄▄█  ████▀▀  ▄██
▄███▄▄  ▀▀▀▀▀▀▀  ▄▄██████
██▀▀█████▄     ▄██▀█ ▀▀██
██▄▄███▀▀██   ███▀ ▄▄  ▀█
███████▄▄███ ███▄▄ ▀▀▄  █
██▀▀████████ █████  █▀▄██
 █▄▄████████ █████   ███
  ▀████  ███ ████▄▄███▀
     ▀▀████   ████▀▀
BITCOIN
DICE
EVENT
BETTING
WIN A LAMBO !

.
            ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
▄▄▄▄▄██████████████████████████████████▄▄▄▄
▀██████████████████████████████████████████████▄▄▄
▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
  ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
       ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.PLAY NOW.
target
Legendary
*
Offline Offline

Activity: 1918
Merit: 1036


View Profile
October 15, 2020, 04:56:06 PM
 #11

China is one of the major USD holders in the world.

If they hate it so much, why don't they dump it?

The reason is, there simply isn't anything better than the USD for that job.

RankCountryForeign Currency Reserves (in billions of U.S. dollars)
1China$3,399.9
2Japan$1,387.4
3Switzerland$850.8
4Russia$562.3
5Saudi Arabia$501.8

source: https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp

The Chinese government is buying all the USD that are earned by the companies in China, they've been doing these for decades that they may be able to take control of the market. At the same time they also maintain the value of Yen as low as possible. Quite a strategy actually but it worked for them that they pullout a big solution to lift 800M citizen out of poverty.

Right now China is one of hte country that has the biggest reserve that they can also use to influence the use of their currency.


█████     ████████████████████
█████     ████████████████████
█████                    █████
█████                    █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████                    █████
█████                    █████
████████████████████     █████
████████████████████     █████
.SWAAP. ▄▄▄▄▄██    ▄▄
 █       ▄▄▀▀▀
 █     ▄▀
▄▄▄   █  ▄▄
▀▀███▄   █▀
██▄███  ▀▀
▄▄▀███  ▀▀▀▀██
▀▀▄███  ▀█
███▀▀ ▄  ██
      ▀▄
 █      ▀▄▄
 █         ▀██
 ▀▀▀▀▀██
⟩⟩.
..For Individuals & Traders..
..For Businesses...................
..For Financial Institutions..
⟩⟩.
Pre-Sale
LIVE on
Uniswap
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
██████████  ██  ████████████
████████         ▀██████████
██████████  ████▄  █████████
██████████  ████▀  █████████
██████████          ▀███████
██████████  ███████  ███████
████████▀▀  ▀▀▀▀▀▀  ▄███████
████████▄▄  ▄▄  ▄▄▄█████████
██████████▄▄██▄▄████████████
████████████████████████████
████████████████████████████
████████████████████████████
████▀▀▀████▀▀▀▀▀▀▀▀▀▀▀▀▀████
████   ████             ████
████   ██████████████   ████
████   ██████████████   ████
████   ████      ████   ████
████   ████      ████   ████
████   ████      ████   ████
████   ██████████████   ████
████   ██████████████   ████
████             ████   ████
████▄▄▄▄▄▄▄▄▄▄▄▄▄████▄▄▄████
████████████████████████████
disconnectme
Hero Member
*****
Offline Offline

Activity: 1652
Merit: 506



View Profile
October 15, 2020, 07:04:19 PM
 #12

I think China can try but won't be successful, have you tried to do business in China, Chinese people prefer you pay them in USD to Yuan, just go to some of these developing countries, how many people in the countries want the USD as compared to their local currencies. I believe the trust in USD is higher than trust in any other currencies in the world

.
...
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████████▀▀▀  ▄▄████▄
▄███████████▀   ▄█████████▄
█████   ██▀   ▄████████████
██████      ▄█▀      ██████
████████████▀   ▄██   █████
▀█████████▀   ▄███████████▀
▀████▀▀  ▄▄▄████████████▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
YIELD
██████
██
██
██
██
██
██
██
██
██
██
██
██████
.
..EASIEST WAY TO EARN INTEREST IN CRYPTO..
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████████████▀▀█████▄
▄████████████▀▀▀    ██████▄
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
▀████████▌▐       ████████▀
▀████████.▄██▄  ████████▀
▀█████████████▄███████▀
▀█████████████████▀
▀▀█████████▀▀
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████▀    ▀███▀▀  ▄▄████▄
▄████  ▄██▄  ▀  ▄█████████▄
█████  ▀██▀   ▄████████████
██████▄    ▄▌ ▐▀    ▀██████
████████████▀   ▄██▄  █████
▀█████████▀  ▄  ▀██▀  ████▀
▀████▀▀  ▄▄███▄    ▄████▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
██████
██
██
██
██
██
██
██
██
██
██
██
██████
.
...
posi
Hero Member
*****
Offline Offline

Activity: 1442
Merit: 550


Happy b'day son. Got you 🚲 as promised


View Profile
October 15, 2020, 07:21:47 PM
 #13

Although, the Chinese government can be surprising sometimes through their centralized habit but I dont believe what the OP said about the Chinese government planning to get rid of US dollars through the creation of cryptocurrency which they have already and surely not meant for what the OP said. However, no prove link was provided by the OP.

███████████████████████████
█████████▀▄▄▄▄▄██▀▀████████
█████▀▄█▀▀▄▄▄▄▄▄▄▀▀▄▄▀█████
████ █▀▄███████████▄▀██████
███▄█ ███████▀ ██████ █ ███
██▀█ ███  ▀▀█  ▀██████ █ ██
██ █ ████▄▄      ▀▀▀██ █ ██
██ █ █████▌        ▄██ ████
███▄█ █████▄▄   ▄▄███ █▀███
████▀█▄▀█████▌  ▀██▀▄█ ████
█████▄▀▀▄▄▀▀▀▀   ▄▄█▀▄█████
████████▄██▀▀▀▀▀▀██████████
███████████████████████████
  ▄ ███▄
 ▀▀▄
████▄
████████        ▄█ ██
 ▀▀███▀          ▄▄████
    ▀▀          ▐██████
             █     ▀▀▀
  ▀▄▄       ██       ▄▄▀
    ▀██▄   ▐███▌   ▄██
▀▄▄▄ ▀███▄ ████ ▄███▀ ▄▄▄▀
  ▀██▀███████████▀▄██▀
   ▀███████████████▀
    ▀█████████████▀
     ████████████
★ ‎
‎ ★
▄▄███████▄▄
▄█████▀█▀█████▄
████▀▀▀ ▀ ▀▀█████
███████  ██  ▐█████
███████      ▀█████
███████  ███  █████
████▄▄▄   ▄▄▄████
▀█████▄█▄█████▀
▀▀███████▀▀

▄▄▄▄▄▄▄
▀▀███████▀▀
▄▄███████▄▄
▄██████▀██████▄
███████▀ ▀███████
███████     ███████
██████▄     ▄██████
██████▄▀▄▄▄▀▄██████
██████▄   ▄██████
▀██████▄██████▀
▀▀███████▀▀

▄▄▄▄▄▄▄
▀▀███████▀▀
▄▄███████▄▄
▄█████████████▄
███████▌ ▐███████
████████  █████████
█████▀▀   ▄▄███████
███████  ██████████
█████▌      ▄████
▀█████████████▀
▀▀███████▀▀

▄▄▄▄▄▄▄
▀▀███████▀▀

‎ ★
..PLAY NOW..
LeGaulois
Copper Member
Legendary
*
Offline Offline

Activity: 1764
Merit: 2094

Bitcoin Ninja Unregulated Banker Unbanking Folks


View Profile
October 15, 2020, 08:01:00 PM
 #14

...

It's not a matter of cryptocurrency. For China, it's in its own interest to not rely anymore on USD but the country won't get rid of the USD before all this happens.

Without the Petrodollar, the USD would already be dead. The day the OPEC will start to accept selling petrol for something else than USD the things will start to change. And that's the only thing China is waiting. They do not import from the USA, they do it from Russia, Irak, Brazil, etc.
Another fact to consider is the commercial war USA/China

Also, the USD is losing power as the first foreign currency for 2 decades and it won't go better
With all this, when the dollar will lose its value and people won't trust it anymore.who will be interested in having and using this currency? nobody.

...

By getting rif of USD @OP want to talk about the USD used as a reserve currency and using for international trading, as well its USD bonds

South Park
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 621


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 15, 2020, 08:45:53 PM
 #15

The US Dollar is a currency with global liquidity, and almost all national currencies must be converted to US dollars to purchase products from within the country. The dollar is the mediating currency around the world for most transactions, where US companies are where the strength of the dollar exists.

China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.
I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.
This is nothing new really, if you take a look at the past decade you will see that China is buying everything they can with their dollars, not only they are buying gold knowing full well that a global crisis is coming, they are also lending money to other countries and they are buying all kind of resources with their dollars, and I cannot blame them sooner or later the world will wake up to the fact they have allowed the US to flood the world with paper money that has less and less value as they keep printing more of it, and once when everyone tries the same strategy as China that is when we will see hyperinflation taking place all over the world but especially in the US.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
stompix
Legendary
*
Offline Offline

Activity: 1764
Merit: 2044



View Profile
October 15, 2020, 08:49:39 PM
 #16

Without the Petrodollar, the USD would already be dead. The day the OPEC will start to accept selling petrol for something else than USD the things will start to change. And that's the only thing China is waiting. They do not import from the USA, they do it from Russia, Irak, Brazil, etc.
Another fact to consider is the commercial war USA/China

If China wants to hurt the dollar that much they should stop exporting stuff to the US as they are propping the dollar more than OPEC does.

Let's not take into account numbers from 2020 with this pandemic but in 2019 OPEC production (including that which is not traded in $ and that for internal consumption) stood at 35.6 million barrels a day, that would be 13 billion barrels a year, at a price of 40$ per barrel that makes 529 billion, while China is exporting to US stuff and getting paid in $ $539.5 billion.  Grin
The whole petrodollar stuff is so yesterday, it's just another myth that people who desperately want the US to fall still cling on it, I've been hearing this for ages and we will still hear is even when there will be no drop of oil left.

Rather than focusing on the petrodollar, you should watch out for the bitcoindollar as the majority only cares about the BTC price in $.  Wink

Just how China is going to get rid of US dollar? Forbit its exchange? Take all cash while people crossing border? Ok, this is weird, but can be done. But how they gonna be regulating all transaction? How they plan to do import/export payment with countries that use US dollars?

Yeah, Apple will be forced to change prices to yuans for its customers, get ready!!


Johnyz
Full Member
***
Offline Offline

Activity: 1064
Merit: 100



View Profile
October 15, 2020, 09:22:13 PM
 #17

China is one of the major USD holders in the world.

If they hate it so much, why don't they dump it?

The reason is, there simply isn't anything better than the USD for that job.

RankCountryForeign Currency Reserves (in billions of U.S. dollars)
1China$3,399.9
2Japan$1,387.4
3Switzerland$850.8
4Russia$562.3
5Saudi Arabia$501.8

source: https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp
This is mind blowing considering that these two countries are making a lot of pressure with each other and yet, China is the top holder of Dollar and while USA are in debt to China. Creating their own cryptocurrency doesn’t mean disregarding USD because we all know that USD will remain the main exchange rate on every country and almost everywhere its acceptable, the influence of US is far better compare to China and that is why USD is a major currency.

▀   ▄   ▀   ▄   ▬▬▬███  Burst  █  Defi Money  ███▬▬▬   ▄   ▀   ▄   ▀
[      PRESALE     |  April 1st      ]     [     CROWDSALE    |  June 1st      ]
[     TWITTER           TELEGRAM       █│█     MEDIUM          GITHUB     ]
arallmuus
Legendary
*
Offline Offline

Activity: 1414
Merit: 1193



View Profile
October 15, 2020, 10:16:23 PM
 #18

If China wants to hurt the dollar that much they should stop exporting stuff to the US as they are propping the dollar more than OPEC does.

Which is why they have been exporting alot of their 95% done goods to Vietnam instead and let Vietnam deal with the remaining 5% then put on the label of Made in Vietnam for all those goods. You could find alot more Made in Vietnam goods nowadays compared with Made in China labeled goods  Roll Eyes

The whole petrodollar stuff is so yesterday, it's just another myth that people who desperately want the US to fall still cling on it, I've been hearing this for ages and we will still hear is even when there will be no drop of oil left.

There are tons of crappy news nowadays about US especially when election is coming. The whole world seems to be using this to stir up some crazy news though

China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.

China would want to create anything they could create. Anything that will make them #1 country . I have seen tons of stuff like this from few years ago especially when cryptocurrency is not yet a thing, they always want to beat the whole world on any aspect

███████████████████████████
███████████████████████████
████████▀         ▀████████
███████             ███████
███████             ███████
██████▀             ▀██████
█████▄         ▄██▄  ▄█████
██████████▀▀███████████████
████▀▄██▀    ▀ ▀██▀██▄▀████
████  ▀             ▀  ████
█████▄▄    ▄███▄    ▄▄█████
███████████████████████████
███████████████████████████
.CHIPS.!
▄▄▀▀▀█████████▄▄
██▄███████████████
█▄████████████████
██████████████████
▄█▀▀▀██████████████▄
█▄▄██████████████████
▀████▀██████▀ ▄▀█▀
██ ▀▀███▀ ▄▀▄██
███
████████▀▄█████
▄███████████████▄
▀████████████████▀
▀██████ ████▀▀

▄▄██████ ███ ██████▄▄
$100,000       
EVENT
!
The Ultimate Crypto Casino
9 CRYPTOCURRENCIES
   ▄█████████████▄     ▄▄▄
  █████████████████   █████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀███▀
▄███████████████████▄   ▄
███▀             ▀███   █
███ ▐██▌ ███ ▐██▌ ███   █
███ ▐██▌ ███ ▐██▌ ███ ▀▀▀
███▄             ▄███
▀███████████████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████████▀▀▀███
  ███████████▄▄▄███
  ▀███████████████▀


▄███████████▄
██  █████████
██  █████████
█████▀ ▀█████ █████▄
████ ▄█▄ ████ ██████
████ ▀█▀ ████ ██████
█████▄ ▄█████ ██████
█████████  ██ ██████
█████████  ██ ██████
▀███████████▀ ██████
       ▄▄▄▄▄▄███████
       █████████████
       ▀███████████▀




Hydrogen
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 907



View Profile
October 15, 2020, 11:59:18 PM
Last edit: October 16, 2020, 12:10:20 AM by Hydrogen
 #19

If venezuela issued a new cryptocurrency tomorrow, would anyone trust it?

China could have similar issues to venezuela. In terms of lack of trust. The CCP not being considered the most reliable or stable thing in the world.

In past years china announced they would back their native yuan currency with gold to implement a gold standard. Many news stories from china are later found to be false and do not pan out. Remember when china claimed they would "ban crypto currencies, exchanges" or "ban crypto mining". These news stories sent the price of bitcoin tumbling. Some of these news stories were later found to be false. Which did little or nothing to mitigate the damage inflicted.

Stability, trust and reliability are 3 main things people look for with currencies and assets. All of which could be areas where china is in short supply.

verita1
Member
**
Offline Offline

Activity: 1092
Merit: 38

★Bitvest.io★ Play Plinko or Invest!


View Profile
October 16, 2020, 12:02:12 AM
 #20

Quote
Theoretically, if enough countries adopted the digital yuan for international payment transactions over time, then it could one day challenge the dominance of the US dollar.

https://qz.com/1899402/why-chinas-digital-yuan-wont-internationalize-the-renminbi/amp/

I acknowledge the great effort that the Chinese government has put into creating the Digital Yuan, when officially launched, will mark the history of global currencies.

And it will open the way for other countries to continue developing their digital currencies.

Japan has also spoken out on the matter.
"No single digital currency will dominate the world," Bank of Japan now says.

https://cointelegraph.com/news/no-single-digital-currency-will-dominate-the-world-bank-of-japan-now-says

I think that now countries are against the clock to learn from countries that are entering the creation of their digital currencies to participate in the new economic model.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PLINKO    |7| SLOTS     (+) ROULETTE    ▼ BIT SPINBITVESTPLAY or INVEST ║ ✔ Rainbot  ✔ Happy Hours  ✔ Faucet
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Darker45
Legendary
*
Offline Offline

Activity: 1456
Merit: 1108


🙏🏼Padayon...🙏


View Profile
October 16, 2020, 01:00:42 AM
 #21

If venezuela issued a new cryptocurrency tomorrow, would anyone trust it?

China could have similar issues to venezuela. In terms of lack of trust. The CCP not being considered the most reliable or stable thing in the world.

In past years china announced they would back their native yuan currency with gold to implement a gold standard. Many news stories from china are later found to be false and do not pan out. Remember when china claimed they would "ban crypto currencies, exchanges" or "ban crypto mining". These news stories sent the price of bitcoin tumbling. Some of these news stories were later found to be false. Which did little or nothing to mitigate the damage inflicted.

Stability, trust and reliability are 3 main things people look for with currencies and assets. All of which could be areas where china is in short supply.

In terms of social issues, China has so much abundance of it. As a matter of fact, it's overflowing with social issues other countries would consider unacceptable. Freedom of speech, press freedom, human rights, religious freedom, and so on and so forth are alien things in the country.

However, if you look at how China is doing in the global scheme of things, it certainly is perfectly fine. The Yuan is now gaining a stronger foothold in the world, its clout significantly increasing. So many countries, whether they like it or not, trust it or not, are compelled to fully embrace the Yuan because they are now full of contracts with China. Not to mention that they are now drowned with Chinese debt. Their markets full of Chinese products. Their trades done primarily with China.

China has played well its cards. 5 years ago, the IMF has named the Yuan as a global reserve currency. Central banks are now beginning to stock themselves with the red currency. And yet, the country is full of skeletons in its backyard.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
MCobian
Full Member
***
Offline Offline

Activity: 910
Merit: 114


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 16, 2020, 02:19:45 AM
 #22

If you look at the movement of the Chinese state in recent years, trying to control the world economy. No wonder one of his goals is
to get rid of the US dollar, although it is not easy to achieve this. Moreover, most countries in the world still use US dollars for international
transactions. And also the popularity of the US dollar is still proven high compared to the Chinese currency. So go ahead if China wants to
try to get rid of the US dollar, certainly requires a lot of effort and also takes a long time to be successful. One of China's efforts to get rid of
the US dollar by creating cryptocurrency, which will be planned as a global means of payment. It is very interesting to continue to see its
developments, which is certain that the US government will not remain silent knowing this.

Coroline
Sr. Member
****
Offline Offline

Activity: 994
Merit: 250


View Profile
October 16, 2020, 03:32:56 AM
 #23

It seems that China really wants to shift the position of the US slowly, we are not even aware that China's growth is very fast right now.
In the past, China was known as a trash country that could only imitate international products, even a few years ago the campaign to imitate goods was legal in China. But now China has succeeded in making its own products, and is more focused on building its own brands.
The label "Made in China" becomes an inscription that we usually find on our products.
If China issues cryptocurrency with the aim of regulating the world to replace the US Dollar, there will be a major war between the US and China which could be the trigger for the rise of the WW 3

Lorence.xD
Full Member
***
Online Online

Activity: 924
Merit: 186


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 16, 2020, 04:28:11 AM
 #24

If you look at the movement of the Chinese state in recent years, trying to control the world economy. No wonder one of his goals is to get rid of the US dollar, although it is not easy to achieve this. Moreover, most countries in the world still use US dollars for international transactions.
They can be successful in all of Asia if they continue their Belt and Road Initiative. If they want to make it happen a little bit faster though, they must lax their conditions to the countries that they are helping as to not make the populace in the disagreement with the agreement. US dollar is a reserve by most countries and China also has their reserve, I do not think they will get rid of it.

MainIbem
Sr. Member
****
Offline Offline

Activity: 784
Merit: 259


The Fourth Generation of Blockchain in DeFi


View Profile
October 16, 2020, 07:05:48 AM
 #25

China is looking to get rid of the US dollar

Having all your eggs in the same basket is bad. China is diversifying. Not just now, they are doing this for more than a decade. They mainly buy God and other currencies. Eventually will switch also to Bitcoin, but that will probably be closer to end of this decade. 
China has been opposed to bitcoin. They are open to cryptocurrency though because they have their own crypto ranking. It is suggestive that they are hoping to create a cryptocurrency that will match up with Bitcoin.




`````````▄▄▄▄▄▄▄
`````▄█████████████▄
```███████▀▀█▀▀███████
``████████``█``████████
`██████``````````▀██████
█████████```████```██████
█████████`````````███████
█████████```████▄``▀█████
█████████```████▀```█████
`██████```````````▄█████
``████████``█``████████
```███████▄▄█▄▄███████
`````▀█████████████▀
`````````▀▀▀▀▀▀▀

```````▄▄▄▄▄▄▄▄▄▄▄
```███████████████████
```````▀▀▀▀▀▀▀▀▀▀▀
DRK Defi






The Fourth Generation Of Blockchain
                             In Decentralized Finance






Draken Exchange
     DrakenX






Facebook
     Twitter








`````````▄▄▄▄▄▄▄
`````▄█████████████▄
```███████████████████
``█████████████████████
`████████████▀▀▀`````███
████████▀▀▀````▄█````████
████▀▀``````▄██▀````▄████
███▄▄`````███▀``````█████
███████``██`````````█████
`███████`▐`````````█████
``███████▐`████▄▄`▄████
```███████▄███████████
`````▀█████████████▀
`````````▀▀▀▀▀▀▀

```````▄▄▄▄▄▄▄▄▄▄▄
```███████████████████
```````▀▀▀▀▀▀▀▀▀▀▀

.Telegram.
Channel
Leviathan.007
Sr. Member
****
Offline Offline

Activity: 462
Merit: 345


First 100% Liquid Stablecoin Backed by Gold


View Profile WWW
October 16, 2020, 10:33:06 AM
 #26

China was looking for it all the time during the last years. America and China are two top economic powers of the world and they always competing together economically. After the phase of the breakout of covid-19 on all the world. China is better stronger because they have much better situation. During all these years, America was much stronger and they could make USD the most famous and and must used currency in all over the world, but after the  huge covid-19 breakout in USA China is going to have a much better situation. But, considering the popularity of USD, getting rid of it is not that much easy and will take many years.

shoreno
Full Member
***
Offline Offline

Activity: 1344
Merit: 117


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 16, 2020, 10:46:18 AM
 #27

 almost all national currencies must be converted to US dollars to purchase products from within the country.
u.s dollar can be a national measurement for other countrys currency . people do this if they arent familiar with the currency or to the value of a currency but it does not mean that we all need to convert any currency the u.s dollar before buying , for buying on the u.s country maybe .

China is creating a cryptocurrency to eliminate the mediation of US dollars.
this is true and im aware with this , theres a news that says china create a crypto but i never heard that the purpose of them creating a crypto is because they are allergic to u.d dollars   . its like where are saying that other countries that also create thier own crypto do also hate u.s dollars  ? but i believe no, they arent like that . they dont have a hidden anger from the u.s

justdimin
Hero Member
*****
Offline Offline

Activity: 1876
Merit: 607



View Profile
October 16, 2020, 03:53:29 PM
 #28

They are looking to eliminate US dollar not because of their rivalry with USA but because they want to create Yuan as the biggest and global currency and there is no problem in moving forward and trying to do something which others don't even think about. I really like their thought process and the belief of doing so but all said and done it won't be easy because USD has always been the dominant currency.

I am not entirely sure if they are actually launching a virtual coin because all the articles I could find had mentioned that they are pushing Yuan and not sure if they will launch a digital Yuan currency or not. I feel like no matter how much we hate China and their leader but really they have the right vision and better than others in many ways.

███████████████████████████
███████████████████████████
████████▀         ▀████████
███████             ███████
███████             ███████
██████▀             ▀██████
█████▄         ▄██▄  ▄█████
██████████▀▀███████████████
████▀▄██▀    ▀ ▀██▀██▄▀████
████  ▀             ▀  ████
█████▄▄    ▄███▄    ▄▄█████
███████████████████████████
███████████████████████████
.CHIPS.!
▄▄▀▀▀█████████▄▄
██▄███████████████
█▄████████████████
██████████████████
▄█▀▀▀██████████████▄
█▄▄██████████████████
▀████▀██████▀ ▄▀█▀
██ ▀▀███▀ ▄▀▄██
███
████████▀▄█████
▄███████████████▄
▀████████████████▀
▀██████ ████▀▀

▄▄██████ ███ ██████▄▄
$100,000       
EVENT
!
The Ultimate Crypto Casino
9 CRYPTOCURRENCIES
   ▄█████████████▄     ▄▄▄
  █████████████████   █████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀███▀
▄███████████████████▄   ▄
███▀             ▀███   █
███ ▐██▌ ███ ▐██▌ ███   █
███ ▐██▌ ███ ▐██▌ ███ ▀▀▀
███▄             ▄███
▀███████████████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████████▀▀▀███
  ███████████▄▄▄███
  ▀███████████████▀


▄███████████▄
██  █████████
██  █████████
█████▀ ▀█████ █████▄
████ ▄█▄ ████ ██████
████ ▀█▀ ████ ██████
█████▄ ▄█████ ██████
█████████  ██ ██████
█████████  ██ ██████
▀███████████▀ ██████
       ▄▄▄▄▄▄███████
       █████████████
       ▀███████████▀




dothebeats
Legendary
*
Offline Offline

Activity: 2520
Merit: 1250


www.Crypto.Games: Multiple coins, multiple games


View Profile
October 16, 2020, 04:04:04 PM
Last edit: October 16, 2020, 05:25:29 PM by dothebeats
 #29

For years they are wanting to ditch the USD on the pedestal as the world's reserve currency due to obvious economic and sociopolitical reasons. They are slowly doing this by passive-aggressively colonizing other micronations through debt traps and bilateral trade agreements wherein China will always get the longer end of the stick. They may not dethrone the dollar by advertising their own currency but they are doing it silently by bullying other nations. Just wait until China gets all the aces and bam, you have tens of countries using CNY or Digital Yuan sooner.

The only edge of the USD at this point in time is the world's trust on the said currency and country to do wonders. They are, for the last decades (or even century) the mightiest superpower in the world. Of course, if this holds true even up to this day, countries' trust on the US would still remain as is when it comes to utilizing the dollar, and there's no stopping that even if China or the EU introduce a 'better' alternative than what the world is already accustomed to.

I am not entirely sure if they are actually launching a virtual coin because all the articles I could find had mentioned that they are pushing Yuan and not sure if they will launch a digital Yuan currency or not. I feel like no matter how much we hate China and their leader but really they have the right vision and better than others in many ways.

On some ways, yes, but an authoritarian control isn't always gonna work in the long run. With the way the Chinese treats other countries that are indebted to them, and they way how they are forcefully trying to retake HK and Taiwan, I don't think the public opinion about them will change sooner.

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
el kaka22
Legendary
*
Offline Offline

Activity: 2394
Merit: 1098


www.Crypto.Games: Multiple coins, multiple games


View Profile
October 16, 2020, 04:17:17 PM
 #30

Well, it is not a secret affair that China and USA has a very bad relationship, specially under Donald Trump it became more obvious that both nations hate each other, hell half of USA hates Trump and even with that whenever he attacks China nobody says a thing (well I personally hate China as well, so I get it) or in China they accept tens of billions of dollars, even hundreds of billions of dollars from American companies to build their products and make them rich, build it for 10 and let them sell it for 100 to make American companies profit, just so they could have some money, yet if you ask their opinions almost all hate USA as well (well I dislike USA too so I get it).

It means they need each other but hate each other at the same time, which is why I believe it is not going to be a done deal anytime soon.

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
target
Legendary
*
Offline Offline

Activity: 1918
Merit: 1036


View Profile
October 16, 2020, 04:40:36 PM
 #31


China somehow has some control over some media today that is why they are becoming confident about them being labeled. Over the years they have changed to Capitalist and keeping their labor attractive to companies moving to China. As they become powerful, I don;t see them interfere with other countries' politics though. I don't think they have used their power to influence the politics of ther countries. But supporting and providing assistance as far as I know.

One thing that makes China bad is that their government take control of their citizen tightly which is reported badly by the media.

█████     ████████████████████
█████     ████████████████████
█████                    █████
█████                    █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████     ██████████     █████
█████                    █████
█████                    █████
████████████████████     █████
████████████████████     █████
.SWAAP. ▄▄▄▄▄██    ▄▄
 █       ▄▄▀▀▀
 █     ▄▀
▄▄▄   █  ▄▄
▀▀███▄   █▀
██▄███  ▀▀
▄▄▀███  ▀▀▀▀██
▀▀▄███  ▀█
███▀▀ ▄  ██
      ▀▄
 █      ▀▄▄
 █         ▀██
 ▀▀▀▀▀██
⟩⟩.
..For Individuals & Traders..
..For Businesses...................
..For Financial Institutions..
⟩⟩.
Pre-Sale
LIVE on
Uniswap
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
██████████  ██  ████████████
████████         ▀██████████
██████████  ████▄  █████████
██████████  ████▀  █████████
██████████          ▀███████
██████████  ███████  ███████
████████▀▀  ▀▀▀▀▀▀  ▄███████
████████▄▄  ▄▄  ▄▄▄█████████
██████████▄▄██▄▄████████████
████████████████████████████
████████████████████████████
████████████████████████████
████▀▀▀████▀▀▀▀▀▀▀▀▀▀▀▀▀████
████   ████             ████
████   ██████████████   ████
████   ██████████████   ████
████   ████      ████   ████
████   ████      ████   ████
████   ████      ████   ████
████   ██████████████   ████
████   ██████████████   ████
████             ████   ████
████▄▄▄▄▄▄▄▄▄▄▄▄▄████▄▄▄████
████████████████████████████
Haunebu
Hero Member
*****
Offline Offline

Activity: 1932
Merit: 640


www.Crypto.Games: Multiple coins, multiple games


View Profile
October 16, 2020, 04:50:32 PM
 #32

Firstly, your username is hilarious op. Gutsy and straightforward. Coming to the topic, China is a very ambitious country with lofty goals which everyone are aware of and they have demonstrated this time and time again.

They can try to get rid of the dollar, but they will fail most likely and get mocked into oblivion if they do so which is why this isn't feasible for them and they are aware of this.

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
tvplus006
Legendary
*
Offline Offline

Activity: 1176
Merit: 1433


To the Moon


View Profile WWW
October 16, 2020, 07:14:51 PM
 #33

...China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.
...

China is not the first country that wants to untie its economy from the dollar. But I don't see that any country has succeeded. And I don't understand how this digital yuan will differ from the Fiat one, because it will also have all the disadvantages of the yuan. And first of all, the dependence of the yuan exchange rate on government decisions.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
Reid
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 604



View Profile
October 16, 2020, 07:40:13 PM
 #34

If they can demolish the traditional thinking then it might just work.
Focused mostly in third world countries.
When Americans go there, they are like walking dollar signs. $

But now it might be different with digital currencies. They can start with the payment systems in different applications.
Most of them are always looking for USD first instead of your own country's currency which sucks. Even though, the IP is being tracked to a different country.  Grin

|--- ★ ◆ ---
.Trustlessly.
Non - Custodian

▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█   ▄▄   ▄▄  ▄▄  ▄▄▄▄▄▄▄    █
█                                        █
██████████████████████
█  ▄▄▄   ▄                           █
    █ ▀▄▀    ▀▀▀▀▀               █
█  █▄▄█     ▄▄▄▄▄▄▄           █
                                          █
█  ▄▄▄  ▄                    ▄▀▀▄▀
█  █▀▄▀     ▀▀▀▀▀      █      █
█  █▄▄█     ▀▀▀▀▀   █▀▀▀▀▀▀█
 ▀█████████████ █▀ ▄▀▄ ▀█
                              █▀   █   ▀█
                              ▀▀▀▀▀▀▀▀


▄▀▄
  ▀
▄▀▄
  ▀   


.
    ▄▄▄▄█   ▄▀▀██                                                 ███
    ▀    █    █        ██                                              ███
  ▄▄   █  ██        ██     ██       ██   ██          ███   █████
 █ ▀██ ██ ▐  ▄▀▄        ██       ██   ████▀  ██        ███
     ██  ██  ▐▀    ██     ██       ██   ██▀        ███    ███
█▀██  ██   ▐▀▀▀██     ██     ███   ██              ██  ███
    ██ ██    ▐▀▀▄██      ▀███  ██   ██         ███     ▀████
  ▄███▄███▄▄▀ 
█          ▀▀▀▀ 

     Defi Money

▄▀▄
  ▀
▄▀▄
  ▀ 

                    ​█▀▀▀▀▀▀▀▀▀█
                   ​█    ▀  ▀▀▀    █
█▀▀▀▀▀▀▀▀▀█    ▀▀▀▀▀    █▀█
█ █▀▀▀▀▀▀▀ █    ▀  ▀        █  █
█ █ █▀▀▀▀█  █   ▀▀  ▀▀     █  █
█ █ █  ▄▄  █  █       ▄▀▄     █  █
█ █ █▀▄▄▀█  █     ▀▄         █  █
█ █ █▀    ▀█  █▄▄▄▄▄▄▄▄▄█  █
█ █ █▄▄▄▄█         ▄▀▄       █  █
█ █                     ▀ █ ▀      █  █
█ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █  █
█                                          █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
▄▄▄▄▄▄▄                  ▄▄▄▄▄▄▄
▀▄                                      ▄▀
   ​▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

..Fun & User..
friendly in interface
--- ★ ◆ ---  ★ ◆ ---|

▄▀▄
  ▀
▄▀▄
  ▀   

CROWD SALE ON
.1stJune 2021.
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄███████████████▀▀▀█████▄
▄████████████▀▀     ██████▄
█████████▀▀   ▄▄▀   ███████
██████▄    ▄▄█▀    ████████
█████████▄██▀      ████████
▀██████████▄▄    ████████▀
 ▀████████▄█████▄████████▀
  ▀█████████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
int03h
Full Member
***
Offline Offline

Activity: 406
Merit: 102



View Profile
October 17, 2020, 01:49:01 PM
 #35

China is one of the major USD holders in the world.

If they hate it so much, why don't they dump it?

The reason is, there simply isn't anything better than the USD for that job.

RankCountryForeign Currency Reserves (in billions of U.S. dollars)
1China$3,399.9
2Japan$1,387.4
3Switzerland$850.8
4Russia$562.3
5Saudi Arabia$501.8

source: https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp
US foreign currency reserves are a way for China to export goods to the US more often. China could put pressure on the dollar and get some trade incentives.
After the US government announced to impose tariffs on Chinese goods they sold an amount of US dollars to devalue the dollar. It is the soft power they get when they own dollars.
Reserving US dollars is different from helping with liquidity for the dollar.
The Chinese economy is the second-largest in the world and they will find ways to strengthen their currency over time. Creating a national cryptocurrency is a start for them to implement their plan to enhance the value of their economy.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
(o)(o)ilikeboobs(o)(o)
Full Member
***
Offline Offline

Activity: 598
Merit: 102



View Profile
October 17, 2020, 02:37:12 PM
Last edit: October 18, 2020, 06:10:54 AM by (o)(o)ilikeboobs(o)(o)
 #36

China is creating a cryptocurrency to eliminate the mediation of US dollars.

China will continue to bet on the US dollar. For a very simple reason: Besides Japan, China owns most of the US government bonds and thus indirectly also USD. If China were to break away from the US dollar, they would sell the government bonds first, which according to current official figures they are not doing. For commercial transactions, it may make sense not to rely on a foreign fiat currency as an intermediate currency and to build an own electronic system. The only question is whether this can prevail. Because then all other countries that trade with China must also use the cryptocurrency and no longer the USD.
Owning US government bonds or reserves of US dollars has nothing to do with finding a way out of US dollar mediation. Imagine that bonds and foreign currencies are like their holdings, they don't circulate. Eliminating the intermediary role of the US dollar means reducing US dollar liquidity.
Combining a large amount of US-related assets and low dollar liquidity, China could threaten to devalue the dollar.
The plot is very clear.
Chinese cryptocurrencies are not yet launched but I believe China will have a way for other countries to use them.

Firstly, your username is hilarious op. Gutsy and straightforward. Coming to the topic, China is a very ambitious country with lofty goals which everyone are aware of and they have demonstrated this time and time again.

They can try to get rid of the dollar, but they will fail most likely and get mocked into oblivion if they do so which is why this isn't feasible for them and they are aware of this.
China paves the way and other countries will embrace the creation of cryptocurrencies. By companies that are abroad, they will be bringing their digital currency to the world.
I have seen them develop cashless payments with apps like Wechat, Alipay before. Countries in the region have been asking to follow in China's footsteps in monetary reform. Alipay has a presence in the US, not only replacing payment methods but also receiving a large amount of user data.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Yatsan
Legendary
*
artcontest
Offline Offline

Activity: 1582
Merit: 1187



View Profile
October 18, 2020, 07:37:34 PM
 #37


China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.


And how can we prove that the same cryptocurrency won't be converted just like bitcoin or etheruem to the US dollar before buying any other fiat like in exchanges such as binance. China is making themself a big rival to US especially during the Trump regime. The Republicans have there way of trying to make larger political movement and statement, this might be the course of some of the business struggles within those two countries.

This is a one good point. If ever that China is really planning to get rid or eliminate the usage of US dollars, then how they can that very sure that the existence of such cryptocurrency will not push people to convert it into US dollars to be able to make use of it since US dollar is a widely acceptable currency when it comes to transactions for it is very well known globally. It would be really a hard challenge and task to be done by China if such concern have brought up due to the issue building up between the leaders of this two big countries. It seems like the two countries are already taking it too personal to the extent that the things they are do on the past few months are against one another.





.
.




░██████████████████░
████████████████████
█████████▀░░░███████
█████████░░▄████████
███████▀▀░░▀▀███████
███████▄▄░░▄▄███████
█████████░░█████████

█████████░░█████████

█████████▄▄█████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████▀▀▀█▀███
███░▀█████▀░░░░░▀███
███▌░░░▀▀▀░░░░░░████
████▄░░░░░░░░░░░████
█████▀░░░░░░░░░█████

██████▄░░░░░▄▄██████

█████▄▄▄▄███████████

████████████████████

░██████████████████░
░██████████████████░
████████████████████
████████████████████
███████████▀▀░░▐████
███████▀▀░░░░░█████
████▀░░░▄█▀░░░▐█████
█████▄▄█▀░░░░░██████

███████▌▄▄▄▐██████

████████████████████

████████████████████

░██████████████████░
smartcontracts100
Jr. Member
*
Offline Offline

Activity: 139
Merit: 5


View Profile WWW
October 18, 2020, 07:52:25 PM
 #38

China should be nuked in my opinion ...just for the Covid crises ... there will be a war with China,it's just a matter of time.


Web development,Web Design & Graphic Design services | Since 2008  (https://bitcointalk.org/index.php?topic=5281210)
mindrust
Legendary
*
Offline Offline

Activity: 2128
Merit: 2131



View Profile
October 18, 2020, 08:11:03 PM
 #39

China should be nuked in my opinion ...just for the Covid crises ... there will be a war with China,it's just a matter of time.



If you think they can't nuke you back then you are mistaken.

Nukes are only a good choice when your opponent doesn't have them.

If it was that easy to end these conflicts, USA wouldn't let Russia or Iran get that big but here they are... getting bigger every day.




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
smartcontracts100
Jr. Member
*
Offline Offline

Activity: 139
Merit: 5


View Profile WWW
October 18, 2020, 08:40:14 PM
 #40

China should be nuked in my opinion ...just for the Covid crises ... there will be a war with China,it's just a matter of time.



If you think they can't nuke you back then you are mistaken.

Nukes are only a good choice when your opponent doesn't have them.

If it was that easy to end these conflicts, USA wouldn't let Russia or Iran get that big but here they are... getting bigger every day.

If they nuke back ,China will no longer exist ...

Here in my country if i hit someone with my car in a accident ...that other guy can take me to court and ask for compensations/damages for hospital bill etc...

China should pay the world for the damages it did ,else we should at least isolate them like North Korea ...China must pay .

Web development,Web Design & Graphic Design services | Since 2008  (https://bitcointalk.org/index.php?topic=5281210)
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1506


View Profile
October 18, 2020, 08:53:30 PM
 #41

If venezuela issued a new cryptocurrency tomorrow, would anyone trust it?

China could have similar issues to venezuela. In terms of lack of trust. The CCP not being considered the most reliable or stable thing in the world.

In past years china announced they would back their native yuan currency with gold to implement a gold standard.

Governments aren't interested in a gold standard. China certainly isn't. No reserve currency issuer wants to cede that degree of control to the free market. They have national economies and markets to prop up. This is why the gold standard began eroding in the first place, as a result of the Great Depression.

This is also essentially why the CNY or CNH can't become dominant reserve currencies, whether or not a CBDC is involved. People don't trust the Chinese government regarding monetary policy. The PBOC is infamous for devaluing its currency to facilitate favorable trade imbalances, sometimes unpredictably so. Why would you hold your value in a currency like that?

mindrust
Legendary
*
Offline Offline

Activity: 2128
Merit: 2131



View Profile
October 18, 2020, 09:42:11 PM
 #42

China should pay the world for the damages it did ,else we should at least isolate them like North Korea ...China must pay .

China did nothing wrong. It was the US that fed China.

20 years ago all the Chinese were eating cat-burgers. (Apparently many of them still do)

The US opened there factories, gave them jobs. They didn't do that because they liked the Chinese people but one way or another, the Chinese managed to steal the knowledge and now they can manufacture anything they want. Anything.

Cars, warships, nukes, social media platforms, missiles... They can built them all.

If the US kept their factories inside the USA, China wouldn't become that big now.

It is over. China became a superpower and nothing but nothing can stop them. Not even the nukes.




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
crzy
Full Member
***
Offline Offline

Activity: 1274
Merit: 160



View Profile
October 18, 2020, 09:58:21 PM
 #43

If venezuela issued a new cryptocurrency tomorrow, would anyone trust it?

China could have similar issues to venezuela. In terms of lack of trust. The CCP not being considered the most reliable or stable thing in the world.

In past years china announced they would back their native yuan currency with gold to implement a gold standard. Many news stories from china are later found to be false and do not pan out. Remember when china claimed they would "ban crypto currencies, exchanges" or "ban crypto mining". These news stories sent the price of bitcoin tumbling. Some of these news stories were later found to be false. Which did little or nothing to mitigate the damage inflicted.

Stability, trust and reliability are 3 main things people look for with currencies and assets. All of which could be areas where china is in short supply.
Considering the population of China, I’m sure this one can be a big thing, Venezuela’s situation are far from the status of China and we know how the Chinese people follows the law on their country as if they have a choice. Though China can’t totally disregard USD, this move is still a good one to start a totally cashless society even if there’s a trust issue with China.

electronicash
Legendary
*
Offline Offline

Activity: 1988
Merit: 1018


Crypto Casino & Sportsbook


View Profile
October 18, 2020, 10:09:21 PM
 #44

If venezuela issued a new cryptocurrency tomorrow, would anyone trust it?

China could have similar issues to venezuela. In terms of lack of trust. The CCP not being considered the most reliable or stable thing in the world.

In past years china announced they would back their native yuan currency with gold to implement a gold standard. Many news stories from china are later found to be false and do not pan out. Remember when china claimed they would "ban crypto currencies, exchanges" or "ban crypto mining". These news stories sent the price of bitcoin tumbling. Some of these news stories were later found to be false. Which did little or nothing to mitigate the damage inflicted.

Stability, trust and reliability are 3 main things people look for with currencies and assets. All of which could be areas where china is in short supply.
Considering the population of China, I’m sure this one can be a big thing, Venezuela’s situation are far from the status of China and we know how the Chinese people follows the law on their country as if they have a choice. Though China can’t totally disregard USD, this move is still a good one to start a totally cashless society even if there’s a trust issue with China.

i think more than 90% of china is already cashless even before this digital yuan and CBDC. this digital yuan is a way to get their way up getting away without sanction and i think most of the countries who want to live freely had this desire. this trade war between US and China had pushed them to make changes of their system and I think many countries including those in the middle east will participate with China's initiative.

US will be force to release their own digital dollar too to make it compatible to the new system. they should just use libra to dominate faster.  Grin




██████████████████████████████████████████████████████████████████████
████████▀▀▀        ▀▀█████████████████████████████████████████████████
██████▀    ▄▄▄▄▄▄▄▄    ███████████████████████████████████████████████
█████    ▄█████████▌   ▐█████▀  ▐███████████████▌  ▀██████████████████
████▌   ▐██████████    █████    ████████████████    ██████████████████
████▌   ▐█████████▄▄▄▄█████▌   ▐███████████████▌   ▐███▀▀█████████████
█████    ▀███████████████▀▀        ▄███████████    ██▀   ▐████████████
██████▄     ▀▀███████▀▀         ▄▄███▀▀▀▀█████▌   ▐▀   ▄███▀▀   ▀█████
█████████▄▄     ▀▀███▄  ▄▄    ████▀    ▄   ███       ▄███▀   ▄█  ▐████
█████████████▄▄     ▀████▌   ▐███▀   ███   ██▌      ████    ██▀  █████
██████▀▀   ▀█████▄    ███    ████   ███▌  ▐██    ▌  ▐██▌      ▄▄██████
█████    ▄████████    ▐██    ██▀▀   ██▀   ▐▀    ▐█   ██▌   ▀██▀▀  ████
████▌   ▐████████▀    ███▄     ▄▄▄     ▄    ▄   ▐██   ██▄      ▄▄█████
████▌   ███████▀    ▄███████████████████████████████▄  ▀▀██████▀▀ ████
█████    ▀▀▀▀     ▄█████████▀    ▀█▀    ▀█       ▀████▄▄         ▄████
██████▄▄    ▄▄▄▄████████████  █████  ██  █  █  █  ████████████████████
█████████████████████████  █▄    ▄█▄    ▄█  █  █  ████████████████████
██████████████████████████████████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀▐▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄█▀▀▀█████████▀▀▀█▄
▄█▀    ▄▀█████▀     ▀█▄
▄█▄    █        ▀▄   ███▄
▄████▀▀▀▀▄       ▄▀▀▀▀▀███▄
████      ▀▄▄▄▄▄▀       ███
███     ▄▄███████▄▄     ▄▀█
█  ▀▄ ▄▀ ▀███████▀ ▀▄ ▄▀  █
▀█   █     ▀███▀     ▀▄  █▀
▀█▄▄█▄      █        █▄█▀
▀█████▄ ▄▀▀ ▀▀▄▄ ▄▄███▀
▀█████        ████▀
▀▀█▄▄▄▄▄▄▄█▀▀
● OVER 1000 GAMES
● DAILY RACES AND BONUSES
● 24/7 LIVE SUPPORT
Wawa2013
Sr. Member
****
Offline Offline

Activity: 1120
Merit: 257



View Profile
October 18, 2020, 10:50:23 PM
 #45

Of all the countries that compete with America in economic terms, it seems that only China is seen as America's most serious competitor.
Even China clearly wants to get rid of the US dollar with the news that the Chinese government is starting to support blockchain technology.
And the Chinese state is trying to create their own cryptocurrency, if China manages to create their own cryptocurrency. With the rapid
development of cryptocurrencies today, could be a threat to the US dollar if China released their own crypto coins.

█████
 █████
  █████
   █████
    █████
     █████
      █████

     █████

    █████

   █████

  █████

 █████

█████
SUPPORT BRIGHT
IDEAS THROUGH
CROWDFUNDING
█▀▀▀▀











█▄▄▄▄
GET YOUR IDEA
Bitcoin.com  |  P2Pb2b  |  KUCOIN
▀▀▀▀█











▄▄▄▄█
FOLLOW US ON                                
holahola2021
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
October 19, 2020, 02:55:09 AM
 #46

With the issuance of electronic yuan, China's central bank has solved the problem between anonymous transactions and the need to crack down on financial crimes. The PBOC has said that user information will not be completely exposed to the bank. However, a highly likely user identity must be tied to a personal wallet, opening the door for authorities to access user transactions. This is something that the virtual currencies in the world cannot solve.
manfredmann
Member
**
Offline Offline

Activity: 518
Merit: 20


View Profile WWW
October 19, 2020, 03:08:35 AM
 #47

So they are now proving the chinese government's worth even without the U.S government? I think yes they are indelendent and is a communist country to which ideals are different from US government and to other countries. However, I do believe that they can't completely eradicate the exchange of the US dollars even if they will.be using cryptocurrency for it as they had made an announcement regarding on this matter. Well, let see and wait what chinese government can do for the betterment of their country.
Vishnu.Reang
Sr. Member
****
Offline Offline

Activity: 1386
Merit: 386


777Coin - The Exciting Bitcoin Casino!


View Profile WWW
October 19, 2020, 05:37:15 AM
 #48

With the issuance of electronic yuan, China's central bank has solved the problem between anonymous transactions and the need to crack down on financial crimes. The PBOC has said that user information will not be completely exposed to the bank. However, a highly likely user identity must be tied to a personal wallet, opening the door for authorities to access user transactions. This is something that the virtual currencies in the world cannot solve.

Authorities all around the world want to track financial transactions of their citizens. China is not an exception. In China, this is a priority topic because of the amount of capital outflow. Despite strict capital controls, China remains the top most country as far as outflow is concerned. No one wants to invest in the heavily manipulated CNY, or in extremely over-priced real-estate or local stocks. The Chinese economy looks like an inflated balloon now. It can burst at any time.

Mauser
Sr. Member
****
Offline Offline

Activity: 686
Merit: 326


★777Coin.com★ Fun BTC Casino!


View Profile
October 19, 2020, 10:07:47 AM
 #49

With the issuance of electronic yuan, China's central bank has solved the problem between anonymous transactions and the need to crack down on financial crimes. The PBOC has said that user information will not be completely exposed to the bank. However, a highly likely user identity must be tied to a personal wallet, opening the door for authorities to access user transactions. This is something that the virtual currencies in the world cannot solve.

Authorities all around the world want to track financial transactions of their citizens. China is not an exception. In China, this is a priority topic because of the amount of capital outflow. Despite strict capital controls, China remains the top most country as far as outflow is concerned. No one wants to invest in the heavily manipulated CNY, or in extremely over-priced real-estate or local stocks. The Chinese economy looks like an inflated balloon now. It can burst at any time.

That is exactly the point. As long as China is manipulating it's currency no one is willing to use it as a refence currency. As long as the communist party stands behind the yuan the international community will not fall for switch from the USD. At the moment most financial derivatives and commodity contracts are either based on USD oder EUR. If you have cash in USD you can use it almost everywhere around the world. Not so with yuan. It's obvious China wants to become a super power and as such see their currency being used all around the world. This seems very unlikely at the moment.

int03h
Full Member
***
Offline Offline

Activity: 406
Merit: 102



View Profile
October 19, 2020, 01:06:13 PM
 #50

China should be nuked in my opinion ...just for the Covid crises ... there will be a war with China,it's just a matter of time.



China is creating an economy with internal strength. They have created their own high-tech supply chains in their own country. Look at how Huawei makes mobile device products and develops technologies such as 5G, electric cars. They are great.
China will thrive in the coming years. They are a powerhouse and it is justified to create value for their money.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
wack slacker
Full Member
***
Online Online

Activity: 826
Merit: 102



View Profile
October 19, 2020, 01:52:28 PM
 #51

So they are now proving the chinese government's worth even without the U.S government? I think yes they are indelendent and is a communist country to which ideals are different from US government and to other countries. However, I do believe that they can't completely eradicate the exchange of the US dollars even if they will.be using cryptocurrency for it as they had made an announcement regarding on this matter. Well, let see and wait what chinese government can do for the betterment of their country.
You may not have heard of Shenzhen, which is a technologically strongly developed SEZ. They can be called the Silicon of China. China's rapid pace of development is clear. If you want to know what they have, find out about them. They have created their own domestic value supply chains and reduced their dependence on foreign countries. All of their stats are good.
They have many financial and technology corporations such as Alibaba, Tencent, Huawei, Xiaomi ... These corporations are emerging quickly and steadily reaching the world.
With the rapid appreciation of the RMB in recent times. It can be said that they have increased their per capita income.

███    TWITTER      MOCKTAIL      WHITEPAPER     ███
███       ANN                        FIRST SEMI-FUNGIBLE TOKEN ON BSC         SMART CONTRACT    ███
███  TELEGRAM       SWAP             PANCAKE      ███
(o)(o)ilikeboobs(o)(o)
Full Member
***
Offline Offline

Activity: 598
Merit: 102



View Profile
October 19, 2020, 03:20:30 PM
 #52

Of all the countries that compete with America in economic terms, it seems that only China is seen as America's most serious competitor.
Even China clearly wants to get rid of the US dollar with the news that the Chinese government is starting to support blockchain technology.
And the Chinese state is trying to create their own cryptocurrency, if China manages to create their own cryptocurrency. With the rapid
development of cryptocurrencies today, could be a threat to the US dollar if China released their own crypto coins.
It benefits China and is not as troublesome as how fiat money moves through banks. With China-created PBOC, they can capture user information around the world and record them on their Blockchain. Certainly, their cryptocurrencies are built on centralized chains and are fully regulated by the Chinese government.
The most important point that this cryptocurrency brings about is the user's data. The Chinese government will control the entire world if they send their money to the world.
Currently, the EU is pursuing a stable digital currency for Europe. I think America will act soon.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
arallmuus
Legendary
*
Offline Offline

Activity: 1414
Merit: 1193



View Profile
October 19, 2020, 07:13:56 PM
 #53

The most important point that this cryptocurrency brings about is the user's data. The Chinese government will control the entire world if they send their money to the world.

This has been always the darkest conspiracy about China, stealing user's information. They probably has already done that through their worldwide popular mobile app. Some country has started to ban TikTok because of the same allegation and many other apps as well including WePay and such . They dont need to wait until they launch a cryptocurrency to start this

So far there isnt any definite proof about this allegation

Currently, the EU is pursuing a stable digital currency for Europe. I think America will act soon.

America will always want to be the first in every aspect

███████████████████████████
███████████████████████████
████████▀         ▀████████
███████             ███████
███████             ███████
██████▀             ▀██████
█████▄         ▄██▄  ▄█████
██████████▀▀███████████████
████▀▄██▀    ▀ ▀██▀██▄▀████
████  ▀             ▀  ████
█████▄▄    ▄███▄    ▄▄█████
███████████████████████████
███████████████████████████
.CHIPS.!
▄▄▀▀▀█████████▄▄
██▄███████████████
█▄████████████████
██████████████████
▄█▀▀▀██████████████▄
█▄▄██████████████████
▀████▀██████▀ ▄▀█▀
██ ▀▀███▀ ▄▀▄██
███
████████▀▄█████
▄███████████████▄
▀████████████████▀
▀██████ ████▀▀

▄▄██████ ███ ██████▄▄
$100,000       
EVENT
!
The Ultimate Crypto Casino
9 CRYPTOCURRENCIES
   ▄█████████████▄     ▄▄▄
  █████████████████   █████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀███▀
▄███████████████████▄   ▄
███▀             ▀███   █
███ ▐██▌ ███ ▐██▌ ███   █
███ ▐██▌ ███ ▐██▌ ███ ▀▀▀
███▄             ▄███
▀███████████████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████████▀▀▀███
  ███████████▄▄▄███
  ▀███████████████▀


▄███████████▄
██  █████████
██  █████████
█████▀ ▀█████ █████▄
████ ▄█▄ ████ ██████
████ ▀█▀ ████ ██████
█████▄ ▄█████ ██████
█████████  ██ ██████
█████████  ██ ██████
▀███████████▀ ██████
       ▄▄▄▄▄▄███████
       █████████████
       ▀███████████▀




electronicash
Legendary
*
Offline Offline

Activity: 1988
Merit: 1018


Crypto Casino & Sportsbook


View Profile
October 19, 2020, 10:29:46 PM
 #54

The most important point that this cryptocurrency brings about is the user's data. The Chinese government will control the entire world if they send their money to the world.

This has been always the darkest conspiracy about China, stealing user's information. They probably has already done that through their worldwide popular mobile app. Some country has started to ban TikTok because of the same allegation and many other apps as well including WePay and such . They dont need to wait until they launch a cryptocurrency to start this

So far there isnt any definite proof about this allegation

Currently, the EU is pursuing a stable digital currency for Europe. I think America will act soon.

America will always want to be the first in every aspect

not actually the darkest, so far the baby soup was the one that i laugh so much. China has been painted that way since, they hate this race for too long that generations of generations are hating them to the bones and this is only because the movies in the west shows China man as antagonist like trafficking sex workers, gambling king and so on when all they do actually is just cooking siopao.

wish all countries will act to develop digital currency too. no one should be left behind and i think china's initiative to influence other countries will help the poor countries as well. there is no need for any war.




██████████████████████████████████████████████████████████████████████
████████▀▀▀        ▀▀█████████████████████████████████████████████████
██████▀    ▄▄▄▄▄▄▄▄    ███████████████████████████████████████████████
█████    ▄█████████▌   ▐█████▀  ▐███████████████▌  ▀██████████████████
████▌   ▐██████████    █████    ████████████████    ██████████████████
████▌   ▐█████████▄▄▄▄█████▌   ▐███████████████▌   ▐███▀▀█████████████
█████    ▀███████████████▀▀        ▄███████████    ██▀   ▐████████████
██████▄     ▀▀███████▀▀         ▄▄███▀▀▀▀█████▌   ▐▀   ▄███▀▀   ▀█████
█████████▄▄     ▀▀███▄  ▄▄    ████▀    ▄   ███       ▄███▀   ▄█  ▐████
█████████████▄▄     ▀████▌   ▐███▀   ███   ██▌      ████    ██▀  █████
██████▀▀   ▀█████▄    ███    ████   ███▌  ▐██    ▌  ▐██▌      ▄▄██████
█████    ▄████████    ▐██    ██▀▀   ██▀   ▐▀    ▐█   ██▌   ▀██▀▀  ████
████▌   ▐████████▀    ███▄     ▄▄▄     ▄    ▄   ▐██   ██▄      ▄▄█████
████▌   ███████▀    ▄███████████████████████████████▄  ▀▀██████▀▀ ████
█████    ▀▀▀▀     ▄█████████▀    ▀█▀    ▀█       ▀████▄▄         ▄████
██████▄▄    ▄▄▄▄████████████  █████  ██  █  █  █  ████████████████████
█████████████████████████  █▄    ▄█▄    ▄█  █  █  ████████████████████
██████████████████████████████████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀▐▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄█▀▀▀█████████▀▀▀█▄
▄█▀    ▄▀█████▀     ▀█▄
▄█▄    █        ▀▄   ███▄
▄████▀▀▀▀▄       ▄▀▀▀▀▀███▄
████      ▀▄▄▄▄▄▀       ███
███     ▄▄███████▄▄     ▄▀█
█  ▀▄ ▄▀ ▀███████▀ ▀▄ ▄▀  █
▀█   █     ▀███▀     ▀▄  █▀
▀█▄▄█▄      █        █▄█▀
▀█████▄ ▄▀▀ ▀▀▄▄ ▄▄███▀
▀█████        ████▀
▀▀█▄▄▄▄▄▄▄█▀▀
● OVER 1000 GAMES
● DAILY RACES AND BONUSES
● 24/7 LIVE SUPPORT
(o)(o)ilikeboobs(o)(o)
Full Member
***
Offline Offline

Activity: 598
Merit: 102



View Profile
October 20, 2020, 01:15:57 PM
 #55


This has been always the darkest conspiracy about China, stealing user's information. They probably has already done that through their worldwide popular mobile app. Some country has started to ban TikTok because of the same allegation and many other apps as well including WePay and such . They dont need to wait until they launch a cryptocurrency to start this

So far there isnt any definite proof about this allegation
The official report is not clear, but by the way, China expands its market worldwide, we can predict how they did it. They have Tiktok, QQ, Wechat, Alipay, Weibo ... these products are popular all over the world along with Chinese-made mobile devices.

America will always want to be the first in every aspect
Sure, Apple, Microsoft, IBM ... and others, they have hundreds of blockchain-related patents. Creating a digital currency for them is easy, their problem is the permission of the US government.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
South Park
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 621


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 20, 2020, 08:40:18 PM
 #56

It seems that China really wants to shift the position of the US slowly, we are not even aware that China's growth is very fast right now.
In the past, China was known as a trash country that could only imitate international products, even a few years ago the campaign to imitate goods was legal in China. But now China has succeeded in making its own products, and is more focused on building its own brands.
The label "Made in China" becomes an inscription that we usually find on our products.
If China issues cryptocurrency with the aim of regulating the world to replace the US Dollar, there will be a major war between the US and China which could be the trigger for the rise of the WW 3
Not really, I think a hot war is simply not in the cards as countries know that doing so will be pointless taking into account nuclear and biological weapons will destroy most of the world and its population, however what we are already seeing is a cold war between the US and China and they will face in every single front they can just as it happened with the USSR, and the major front of their confrontation at the moment is the economy since they know that whoever has the strongest economy is bound to eventually beat the other if given enough time.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
arallmuus
Legendary
*
Offline Offline

Activity: 1414
Merit: 1193



View Profile
October 20, 2020, 09:45:21 PM
 #57


This has been always the darkest conspiracy about China, stealing user's information. They probably has already done that through their worldwide popular mobile app. Some country has started to ban TikTok because of the same allegation and many other apps as well including WePay and such . They dont need to wait until they launch a cryptocurrency to start this

So far there isnt any definite proof about this allegation
The official report is not clear, but by the way, China expands its market worldwide, we can predict how they did it. They have Tiktok, QQ, Wechat, Alipay, Weibo ... these products are popular all over the world along with Chinese-made mobile devices.

Exactly and has all these allegations actually proven? In fact none, it was nothing more than a widespread baseless allegations about China. Some country decided to ban some if not all of these apps based on this allegations with no proven fact about it.

Back to my point, if this is their intention then there is no point to create any cryptocurrency or such because they can just use those existing apps but if they are actually only looking for an alternative to get rid of USD without all that crazy conspiracy about taking your data and such than that would be what all those chinese guy are doing right now


███████████████████████████
███████████████████████████
████████▀         ▀████████
███████             ███████
███████             ███████
██████▀             ▀██████
█████▄         ▄██▄  ▄█████
██████████▀▀███████████████
████▀▄██▀    ▀ ▀██▀██▄▀████
████  ▀             ▀  ████
█████▄▄    ▄███▄    ▄▄█████
███████████████████████████
███████████████████████████
.CHIPS.!
▄▄▀▀▀█████████▄▄
██▄███████████████
█▄████████████████
██████████████████
▄█▀▀▀██████████████▄
█▄▄██████████████████
▀████▀██████▀ ▄▀█▀
██ ▀▀███▀ ▄▀▄██
███
████████▀▄█████
▄███████████████▄
▀████████████████▀
▀██████ ████▀▀

▄▄██████ ███ ██████▄▄
$100,000       
EVENT
!
The Ultimate Crypto Casino
9 CRYPTOCURRENCIES
   ▄█████████████▄     ▄▄▄
  █████████████████   █████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀███▀
▄███████████████████▄   ▄
███▀             ▀███   █
███ ▐██▌ ███ ▐██▌ ███   █
███ ▐██▌ ███ ▐██▌ ███ ▀▀▀
███▄             ▄███
▀███████████████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
  ███████████▀▀▀███
  ███████████▄▄▄███
  ▀███████████████▀


▄███████████▄
██  █████████
██  █████████
█████▀ ▀█████ █████▄
████ ▄█▄ ████ ██████
████ ▀█▀ ████ ██████
█████▄ ▄█████ ██████
█████████  ██ ██████
█████████  ██ ██████
▀███████████▀ ██████
       ▄▄▄▄▄▄███████
       █████████████
       ▀███████████▀




inoes
Sr. Member
****
Offline Offline

Activity: 1134
Merit: 253



View Profile WWW
October 20, 2020, 11:33:45 PM
 #58

The deterioration of relations between the two countries began when US President Donald Trump felt dissatisfied when trading with China.
Finally, starting in mid-2018, President Trump waged a trade war by increasing import duties on Chinese products, which China responded to. The governments of both countries adopted various policies to show "who is stronger". However, the dollar still controls> 60% of the world's money circulation. if China applies crypto currency to compete with the dollar, will their currency have any value?

AMEPAY
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
│▌
AME TRADE HERE
▄██████▄ ▀██████▄
█████████  ▀█████
███████▀     ▀███
██████▀  ▄█▄  ▀██
██████▄  ▀█▀  ▄██
███████▄     ▄███
█████████  ▄█████
▀██████▀ ▄██████▀
AME TRADE HERE
   ▐███▄
   ████▌
▐██████████▄
████████████
 ████▌  █████
▐████  ▄████
██████████▀
 ▀█████▀▀
▐│
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
DrG
Legendary
*
Offline Offline

Activity: 2030
Merit: 1034



View Profile
October 21, 2020, 02:43:13 AM
 #59

For those stating China creating a cryptocurrency - are you talking about a decentralized currency? Because that goes in the face of everything that is the CCP. I can see China converting all its citizens to use digital Yuan. Even the beggers in outlaying areas of Shanghai collect payments on a smartphone (I was there last year before Covid was "announced"). A true cryptocurrency with decentralization would prevent the government from seizing assets of the citizens. My family's first hand experience of the communists taking over and kicking out Chiang Kai Shek says hell is likely to freeze over before this happens  Grin

███████████████████████████
██████████▄▄███▄▄██████████
████████▄█████████▄████████
██████▄█████████████▄██████
███████████████████████████
███████████████████████████
█████▄███████████████▄█████
███████████████████████████
█████▀███████████████▀█████
███████▀███████████▀███████
█████████▀███████▀█████████
███████████▀███▀███████████
███████████████████████████
.
.BITAMP..
   BITAMP BITCOIN WALLET   
Easy to use, client-side, &
open-source Bitcoin wallet
███████████████████████████
████████▄▄▄▀▀▀▀▀▄▄▄████████
████▄▀▀▀   ▄▄█▄▄   ▀▀▀▄████
█████ ▀▄▄▀▀     ▀▀▄▄▀ █████
█████  █    ███    █  █████
█████  █   ▄███▄   █  █████
█████  █  ███████  █  █████
████▀▄ ▀▄ ███████ ▄▀ ▄▀████
█████▀▄ ▀▄       ▄▀ ▄▀█████
██████▀▄  ▀▄▄ ▄▄▀  ▄▀██████
████████▀▄   █   ▄▀████████
██████████▀▀▄▄▄▀▀██████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
████▄▀▀▀▄  ▄███▄  ▄▀▀▀▄████
█████   █ ▐█████▌ █   █████
███▄▄▀ ▀▄  ▀███▀  ▄▀ ▀▄▄███
██      ▄██▀▀▀██▄      ███
██     ███▄███ ███     ███
███▄▄▄▄ █████▄▄████ ▄▄▄▄███
██████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████████████▄▄▄▄█▄████
███████████████████████▀███
█████▀▀▀▀██▀▀▀▀▀▄▄████████
███████▄▀  ▄█▄█▄  ▀▄███████
██████▄▀   █    █  ▀▄██████
███████    █▀▀▀▀▄   ███████
██████▀▄   █    █  ▄▀██████
███████▀▄  ▀█▀█▀  ▄▀███████
████████▀▀▄▄▄▄▄██▄▄▄▄█████
███▄███████████████████████
████▀█▀▀▀▀█████████████████
███████████████████████████
|SECURE
ANONYMOUS
INSTANT
(o)(o)ilikeboobs(o)(o)
Full Member
***
Offline Offline

Activity: 598
Merit: 102



View Profile
October 21, 2020, 03:44:03 AM
 #60

For those stating China creating a cryptocurrency - are you talking about a decentralized currency?

I'm not saying it's a decentralized currency, it's a Chinese central bank-created digital currency based on blockchain technology, and it should be a Chinese controlled centralized chain.

I am talking about the flow of money through this coin, which is transaction volume (liquidity). Citizens or businesses will likely fall in love with this currency as it uses blockchain and bypasses complicated banking confirmation steps. For a business transferring tens or hundreds of millions of dollars, the cost of transferring money and confirmation times will be much faster.
How people store money depends on their needs, and I don't foresee their needs.
However, the dollar still controls> 60% of the world's money circulation. if China applies crypto currency to compete with the dollar, will their currency have any value?


It was definitely worth it because it was guaranteed by the yuan. The use of this currency by businesses inside and outside of China will reduce the presence of the US dollar. It also means increasing the role of the yuan in the economic system.
Obviously, it is a policy to remove the dollar's influence.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
coinfinger
Sr. Member
****
Offline Offline

Activity: 1498
Merit: 276


View Profile
October 21, 2020, 05:56:22 PM
 #61

The Chinese have created cryptocurrency, but it’s not a cryptocurrency that works worldwide, it’s  only going to be used for transactions in the country and nothing more than that.

Ever since you heard that they have released their own cryptocurrency, how many people have you seen that are not from China that are able to make use of it? I live in a different country and I can’t have access to it.

So, it’s similar to the conventional currency (fiat), you can’t your country’s fiat in another country, that’s what this CBDC’s are going to be.
ampu
Full Member
***
Offline Offline

Activity: 378
Merit: 102



View Profile
October 22, 2020, 02:04:35 PM
 #62

The Chinese have created cryptocurrency, but it’s not a cryptocurrency that works worldwide, it’s  only going to be used for transactions in the country and nothing more than that.

Ever since you heard that they have released their own cryptocurrency, how many people have you seen that are not from China that are able to make use of it? I live in a different country and I can’t have access to it.

So, it’s similar to the conventional currency (fiat), you can’t your country’s fiat in another country, that’s what this CBDC’s are going to be.
With Chinese digital currency, it is like FIAT as it is backed by the Chinese Yuan.
Bahamas created its own CBDC currency. They require individuals using it to use KYC. I think China will also implement AML / KYC policies like the Bahamas so that it can own and exchange this currency.
China only tested its CBDC currency in one city. They haven't made them public yet, but I think they'll have to take into account the policies that people all over the world can own and exchange their currency for.

███    TWITTER     MOCKTAIL      WHITEPAPER     ███
███       ANN                        FIRST SEMI-FUNGIBLE TOKEN ON BSC         SMART CONTRACT    ███
███  TELEGRAM       SWAP             PANCAKE      ███
bekti3
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
October 24, 2020, 04:23:19 PM
 #63

From the start, the competition between China and the United States will have many impacts, apart from the seizure of superpowers, competition between regions, corporate tug-of-war, and especially in the economic sector. China remains China with its geo-strategy and ideology, namely communism, and the USA with its democracy. its impact extends to the financial sector.

However, this depends on the agreement of each country regarding which side of economic progress they will take.

A p e S w a p    ///    $BANANA Farms    |    $BANANA Pools    |    ApeSwap Exchange    ///
                                                     Stake now for over 900% APR!                                                    
⦁    TWITTER    ⦁    TELEGRAM GROUP    ⦁    MEDIUM    ⦁    TELEGRAM CHANNEL    ⦁    GITHUB    ⦁
iamsheikhadil
Full Member
***
Offline Offline

Activity: 756
Merit: 118


When these walls fall down, I will stand by you <3


View Profile
October 24, 2020, 04:40:25 PM
 #64

I don't think the US dollar will survive in the very next few decades. Lots of things are going to happen, and one of them is world being more global. With it, most companies might be from US, but the concept of nation as a whole will continue to fade away and with time we will see how the dollar loses its value as a currency from particular country. We might see a common currency being accepted throughout the world!

▆▆▆ ▅▅▅ ▃▃▃ ▂▂▂ W H A L E  M A K E R  ▂▂▂ ▃▃▃ ▅▅▅ ▆▆▆
⚫ ⚫ ⚫  A  F U N D R A I S I N G  P L A T F O R M  F O R  M A S S I V E  D I S R U P T I O N  ⚫ ⚫ ⚫
▬▬▬▬▬   ANN Thread      Oceanpaper      Twitter      Telegram   ▬▬▬▬▬
South Park
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 621


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 24, 2020, 06:57:18 PM
 #65

The deterioration of relations between the two countries began when US President Donald Trump felt dissatisfied when trading with China.
Finally, starting in mid-2018, President Trump waged a trade war by increasing import duties on Chinese products, which China responded to. The governments of both countries adopted various policies to show "who is stronger". However, the dollar still controls> 60% of the world's money circulation. if China applies crypto currency to compete with the dollar, will their currency have any value?
No, the deteriorating of the relationship between the US and China has been there for a long time before Trump even got into the office, now it is true that he has expanded the conflict to unprecedented levels, but regardless of who got elected they would have taken some action against China as the Chinese government has been stealing technology from the US for a long time and that gives the Chinese companies and unfair advantage as they do not have to spend a dime on R&D which is very costly as we all know.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
CarnagexD
Sr. Member
****
Offline Offline

Activity: 1134
Merit: 282



View Profile
October 24, 2020, 08:30:56 PM
 #66

I don't think the US dollar will survive in the very next few decades.
Despite the decline in the price of dollar, I still can't see any currency that has the best shot in replacing it, even Yuan currency. Or maybe I am wrong, still the universal currency is dollar, everything has its counter currency in dollar which you can already conclude that the dollar may loses its value but not its stand as a currency.
Lots of things are going to happen, and one of them is world being more global.
I just can't understand or interpret this "World being more Global" , can you elaborate this ?

████
████
████
████
████
████
████
████

████

████

████

████

████
     ▄▄▄ ▄▄███▄▄
    ███ ▄██████▀▀█▄▄
   ▐██ ▄██████  ▄████▄
   ▐█ ▄███████████████   █▄
   █ ▄█████████████▀▀  ▄███
   ▌▄████████▀▀▀  ▄▄▄████▀
   ▀▀▀▀▀   ▄▄▄██████▀▀ ▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
Blender
W A L L E T
████
████
████
████
████
████
████
████

████

████

████

████

████
[BTC
  BTC
.
BTC
Full control
over your funds
             ▄▄████▄▄
         ▄▄████████████▄▄
      ▄██████████ █████████▄
█▀█▄▄▄███████████ █▀█▀██████
▀▀▀         ▀████      ▀████
▀▀▀▀▀▀▀▀█▀▀▄    █ ████  ████
     ▄▄▄ ▀▄ ▀▀▀▀█        ███
     █▄█   ▀▀▀▀▀█ █████  ███
▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█       ▄██
   ▄▄▄     ▄█████ █▄█▄████
   █▄█▀▀▀▀███████ ██████▀
            ▀████████▀▀
              ▀▀██▀▀
]ANONYMOUS
SEGWIT ADDRESSES
TRUSTED
// /.
       ▄▄████████▄▄
     ▄█████▀▀▀▀█████▄
    ████▀        ▀▀███▄
   ███▀            ▀███  █▄
  ▐███              ▀▀▀▄███
  ▐███            ▄▄▄████▀
  ▀▀▀      ▄▄▄██████▀▀▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
.
From the creators of
Blender.io
Fortify
Legendary
*
Offline Offline

Activity: 1540
Merit: 1033



View Profile
October 24, 2020, 09:46:32 PM
 #67

It was always inevitable that China would want to break any ties with the US dollar, especially because they accepted a lot of debt in US dollars and this allows the American government to devalue that debt whenever they choose. The world always needs a reserve currency however and the dollar has been the "flight to safety" for such a long time that it's not going to change quickly. Nobody really trusts the Chinese government right now and the Chinese government doesn't even want their own currency to freely float - so they don't really have many options at the moment. They'll just diversify a bit more into Euros and other currencies I suppose.

███████████████████████████
███████████████████████████
██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████████
████████████▀▀       ▀▀████
█████▀▀▀▀▀▀             ███
██████████    ▄█████▄    ██
██████████    ███████    ██
██████████    ▀█████▀    ██
█████▄▄▄▄▄▄             ███
████████████▄▄       ▄▄████
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████████
███████████████████████████
███████████████████████████
.
.ROLLBIT..
THE SOCIAL & PROVABLY FAIR
CRYPTO CASINO

                TWITTER     |     DISCORD               
●  Instant Deposits & Withdrawals
●  Rakeback & Level Up Bonuses
●  Live Customer Support
..PLAY NOW..
Vishnu.Reang
Sr. Member
****
Offline Offline

Activity: 1386
Merit: 386


777Coin - The Exciting Bitcoin Casino!


View Profile WWW
October 25, 2020, 01:19:50 PM
 #68

This is not necessarily a bad news for the United States Dollar. There is still a lot of demand for United States Treasury Bonds and the annual rate is like 1.5% per year for the 10-year old bond. Also, foreign governments such as Japan continue to accumulate American bonds. Also, we need to understand that even the Chinese don't think that the value of the bonds are going down. They are dumping them, because they are wary of potential sanctions and embargoes. 

asriloni
Legendary
*
Offline Offline

Activity: 1890
Merit: 1014


Student Coin


View Profile
October 25, 2020, 02:48:08 PM
Last edit: October 25, 2020, 03:27:01 PM by asriloni
 #69

I don't think the US dollar will survive in the very next few decades. Lots of things are going to happen, and one of them is world being more global. With it, most companies might be from US, but the concept of nation as a whole will continue to fade away and with time we will see how the dollar loses its value as a currency from particular country. We might see a common currency being accepted throughout the world!

you could not expect the dollar to be disappeared when it was still getting backed by the economic of country to keep the value of dollar as a fiat currency.

What do you mean about the common currency? the dollar has become a common currency that globally accepted by the various countries and this fiat currency has already used to be used for the trade for import or export.

It's even impossible to make it disappears from the world.

STUDENTCOIN


















Powered by,
bryant.coleman
Legendary
*
Offline Offline

Activity: 2786
Merit: 1127


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 25, 2020, 05:47:58 PM
 #70

You can say whatever you want about the US Dollar. But the truth is that it is the strongest fiat currency out there. It is the reserve currency of the world and the main currency for international trade. You can argue that Swiss Franc or the Japanese Yen have lower inflation compared to the USD, but even then none of these currencies can replace the USD. And talking about Chinese, their currency (CNY) is a joke. It is the most manipulated currency in the world.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
wack slacker
Full Member
***
Online Online

Activity: 826
Merit: 102



View Profile
October 25, 2020, 05:55:26 PM
 #71

I don't think the US dollar will survive in the very next few decades. Lots of things are going to happen, and one of them is world being more global. With it, most companies might be from US, but the concept of nation as a whole will continue to fade away and with time we will see how the dollar loses its value as a currency from particular country. We might see a common currency being accepted throughout the world!
US dollars are valuable since they get the Petrodollar deal with the Middle Eastern nations. As the world expands its economy and energy into other forms, the oil will decrease in proportion. For the US dollar to stay strong, they will need to find a place to liquidate their currency.
A common currency is a good idea, and now I see it as Bitcoin. It has global liquidity, is limited in quantity, and is community-owned.

███    TWITTER      MOCKTAIL      WHITEPAPER     ███
███       ANN                        FIRST SEMI-FUNGIBLE TOKEN ON BSC         SMART CONTRACT    ███
███  TELEGRAM       SWAP             PANCAKE      ███
Harlot
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 666


View Profile
October 25, 2020, 07:40:34 PM
 #72

I don't think this is possible especially with the relations other country has against towards China. It will be the same case as Facebook's Libra where a lot of countries already have expressed their intent on banning the cryptocurrency only this time it will be much worst. If China created such cryptocurrency I would see barely to no acceptance outside China basically because no country where they have arguments with will accept it. Japan already pulled out their factories from China and I have been seeing news that other countries are exploring other options to find cheap work force and have their factories set up there, this are just a sign that they don't want any of relation with China.
Yaunfitda
Hero Member
*****
Offline Offline

Activity: 1722
Merit: 526



View Profile
October 25, 2020, 10:02:26 PM
 #73

I don't think the US dollar will survive in the very next few decades. Lots of things are going to happen, and one of them is world being more global. With it, most companies might be from US, but the concept of nation as a whole will continue to fade away and with time we will see how the dollar loses its value as a currency from particular country. We might see a common currency being accepted throughout the world!
I don't think that other nation will suddenly shift and get rid of their dollars, it is still the best currency in the world as far as global trading it, regardless of stocks, oil, gold and other valuable commodities. So it will remain dominant eventhough it will be challenge by China and others. And even if Biden wins or Trump gets reelected, it will continue it's position. So it will be a ha long and hard battle for China, if that is their goal because they also need to show other powerful economic countries that they can sustain it otherwise, they won't switch that easy.

███████████████████████████
███████████████████████████
██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████████
████████████▀▀       ▀▀████
█████▀▀▀▀▀▀             ███
██████████    ▄█████▄    ██
██████████    ███████    ██
██████████    ▀█████▀    ██
█████▄▄▄▄▄▄             ███
████████████▄▄       ▄▄████
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█████████
███████████████████████████
███████████████████████████
.
.ROLLBIT..
THE SOCIAL & PROVABLY FAIR
CRYPTO CASINO

                TWITTER     |     DISCORD               
●  Instant Deposits & Withdrawals
●  Rakeback & Level Up Bonuses
●  Live Customer Support
..PLAY NOW..
AbeLinkTheTrader
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
October 26, 2020, 01:59:16 AM
 #74


China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.


And how can we prove that the same cryptocurrency won't be converted just like bitcoin or etheruem to the US dollar before buying any other fiat like in exchanges such as binance. China is making themself a big rival to US especially during the Trump regime. The Republicans have there way of trying to make larger political movement and statement, this might be the course of some of the business struggles within those two countries.


I believe that John Biden will have different policies and tougher steps to address this problem, while strengthening the dollar's position on the world stage. But the European Union today, fearing an even more global crisis, due to China's plans for the dollar and the digital yuan, is already testing the digital euro.

biden will sell the US out. Rip crypto if he gets elected..... shit RIP capitalism if he gets elected...... i dont really want to be a poor communist slave.
bryant.coleman
Legendary
*
Offline Offline

Activity: 2786
Merit: 1127


★Bitvest.io★ Play Plinko or Invest!


View Profile
October 26, 2020, 04:48:35 AM
 #75

US dollars are valuable since they get the Petrodollar deal with the Middle Eastern nations. As the world expands its economy and energy into other forms, the oil will decrease in proportion. For the US dollar to stay strong, they will need to find a place to liquidate their currency.
A common currency is a good idea, and now I see it as Bitcoin. It has global liquidity, is limited in quantity, and is community-owned.

In the distant future, we may witness another fiat currency replacing the USD as the world's reserve and trade currency. But I am sure that it is not going to be Bitcoin. I don't think that any of the countries would back a decentralized cryptocurrency to replace the USD. All the major powers want their own central bank currencies to overtake the USD, not some cryptocurrency.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
rollingdice
Member
**
Offline Offline

Activity: 158
Merit: 10


View Profile