Topic: China to have their own digital currency based on blockchain technology - page 3. (Read 521 times)
March 11, 2018, 03:19:35 AM
I think China will not go away from the innovative blockchain technology, and cryptocurrency. What China is trying to do is stop flowing its money away into other countries by banning crypto trading. China is trying to bring in money by introducing its own altcoin. After all, no country or government like china can be abstained from such new and good technology.
March 11, 2018, 03:09:44 AM
China is trying to make one of the alternative financial and banking systems. If they get it or not, we'll see. So far this is just a statement.
March 11, 2018, 03:48:55 AM
I recently took part in an airdrop and posted a facebook AD about digital money!
As a result, my facebook account has been disabled! I submitted my information and hope to log in again!
What are you saying? That was definitely not the topic.As a result, my facebook account has been disabled! I submitted my information and hope to log in again!
Please refrain from replying to international boards if you can't understand the discussion.
March 10, 2018, 10:38:44 PM
I don't like the Chinese government's digital encryption currency!
I think this digital cryptographic currency is difficult to circulate internationally, probably only in China.
So what is the special significance of this digital cryptographic currency?
I think this digital cryptographic currency is difficult to circulate internationally, probably only in China.
So what is the special significance of this digital cryptographic currency?
March 10, 2018, 05:52:58 AM
Centralized System to be implemented in cryptocurrency I think it is possible and it already exists altcoin for example ripple coin, if in clay is definitely safer because it is protected by government and more controlled. but such a ripple increase is also not too volatile and tend to be more stable. if it is made in trading I think that is not the right choice.
March 10, 2018, 05:34:49 AM
I think eventually other countries will follow. Venezuela has their own currency and if it is successful then other countries will follow. This is why regulation is needed so mainstream adoption can follow. People shouldn't fear laws and regulations as it could be a game changer, only scammers should be worried
March 10, 2018, 12:49:25 AM
China has always wanted to control the cryptocurrency itself, but it has been tried and failed, but we can know that China supports the blockchain.
March 10, 2018, 12:12:17 AM
I think China intends to study a centralized block chain token, but this is no different from XRP, so I am not very optimistic about China's digital currency.
Because the most important thing about the blockchain is fragmentation.
Because the most important thing about the blockchain is fragmentation.
March 09, 2018, 11:53:54 PM
With all the replies regarding being centralized, what are the options for a Country to have its own blockchain-based digital currency?
I have mentioned this before: Create their own cryptocurrency or make use of the existing Digital Currencies.
A potential national currency needs to ne Centralized governed by them, whether you like it or not it will be centralized.
Why do people complain, will they use it? If they came from China, it may just replace Yuan not the digital currencies that they are hodling.
No cryptocurrencies were harmed or altered, a new unique one just added.
I have mentioned this before: Create their own cryptocurrency or make use of the existing Digital Currencies.
A potential national currency needs to ne Centralized governed by them, whether you like it or not it will be centralized.
Why do people complain, will they use it? If they came from China, it may just replace Yuan not the digital currencies that they are hodling.
This is a logical step on the part of the Chinese authorities, they are trying to control the financial market of the country, this is their only opportunity
Yes it is, I don't know why most of the replies are negatives.No cryptocurrencies were harmed or altered, a new unique one just added.
March 09, 2018, 11:02:32 PM
Its not a good a idea to have another centralize coin,China was well known in copying everything in this world,might be the reason why cryptocurrencies would look like a joke in the world,decentralized communinty which has centralized currency ?? are you kidding me ? it shouldnt be considered as a cryptocurrency just like XRP and USDT or Tether which are being backuped by the central banks.
March 09, 2018, 10:55:41 PM
Source: chinese text https://www.reddit.com/r/CryptoCurrency/comments/835vc2/china_will_have_its_own_digital_currency_based_on/
What do you think? I think more real world block chain application is always a good thing, we'll see how the currency turns out though.
What do you think? I think more real world block chain application is always a good thing, we'll see how the currency turns out though.
not really a good news for cryptocurrency. Cryptos was made for decentralizing technology its not about government controlling a certain crypto. It's a fiat that is covered by the name cryptocurrency. whats news to that?
March 09, 2018, 10:44:52 PM
The thing is china wont make any difference to creditcard and debitcard digital fiats,because if china will control it it wont be categorized as a cryptocurrency because as far as i know cryptocurrencies are meant to be decentralized,involvement of any government would clearly say it is centralized coin which is like XRP and USDT that shouldnt be called as cryptocurrency.
March 09, 2018, 09:14:16 PM
Source: chinese text https://www.reddit.com/r/CryptoCurrency/comments/835vc2/china_will_have_its_own_digital_currency_based_on/
What do you think? I think more real world block chain application is always a good thing, we'll see how the currency turns out though.
What do you think? I think more real world block chain application is always a good thing, we'll see how the currency turns out though.
It's could translate to something real world.
But I see it more as just another reincarnation of their fiat currency. Pretty much no value whatsoever because it's not really decentralized by any means. By the looks of it they'll retain the control of the issuance of this crypto.
Is this a good thing for them? Absolutely. And they get to use superior technology that is irreversible. But it doesn't really make sense to invest in a centralized crypto project, unless you are looking to invest in the Chinese economy.
March 09, 2018, 07:17:05 PM
Nothing new,china is a communist country and communist country will find its way to control the citizens,for me this project should be allowed to be accepted in our community because it will just another XRP and USDT which are very centralized coin and only those few people who created these coins are going to win,china wont create a cryptocurrency because it will be the same sa the ones we are using in visa and mastercard digital fiat currency.
March 09, 2018, 07:16:24 PM
I don't think it's a good thing!
China's central bank is studying what it calls its "digital cryptocurrency" to allow Chinese investment to buy its own digital currency. This is an act to prevent the Chinese from buying other digital encryption money!
China's central bank is studying what it calls its "digital cryptocurrency" to allow Chinese investment to buy its own digital currency. This is an act to prevent the Chinese from buying other digital encryption money!
March 09, 2018, 07:08:56 PM
Not going to be effective becaus cryptocurrencies should always be decentralized china will make another shitcoin like XRP,so i dont think people will bite the bait,people are here for the decentralization not for another centralized digital system,china wont create a cryptocurrency they will make another digital fiat like what we are using in visa and mastercard.
March 09, 2018, 07:06:42 PM
I don't know how they are going to do that when China is banning cryptocurrency.
March 09, 2018, 06:41:56 PM
Its not a good thing to have another centralized coin in the market,XRP is enough blacksheep in our community,government centralization is the one of the reason why satoshi created bitcoin,are we going to oppose his work? cryptocurrencies should always be decentralized this would be another centralized coin that we shouldnt be supporting.
March 09, 2018, 06:29:34 PM
Not going to be eay, because people in our community doesnt want to have another centralized coin,XRP and USDT is enough garbage to our decentralized community,these projects shouldnt be supported because cryptocurrencies are created for a total decentralization not to create another centralized system like what these banks has.
March 09, 2018, 06:19:52 PM
since banking system and goverments understood that they can not ban crypto
they accepted that crypto blockchain is the future, and they re trying to be active player in the cryptomarket
ripple is one the examples
but china goverment trying to have a centralized system, which is against the nature of crypto
i dont think, many people will accept this, can be a dead project
they accepted that crypto blockchain is the future, and they re trying to be active player in the cryptomarket
ripple is one the examples
but china goverment trying to have a centralized system, which is against the nature of crypto
i dont think, many people will accept this, can be a dead project
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