Topic: PBOC propose blockchain-based eSDR to fight USD dominance (Read 489 times)

the PBOC are government banks.. bitcoin should stay well clear from them
governments want taxes and banks want fee's and debt to then charge more fees on

bitcoin should stay well clear from that.

however normal people.. the 7 billion people not working in a government position of power should have the freedom to use any currency they please.
if this means bitcoin then great.
let the commercial banks dry up and drop out. let the governments sack their leather seat lobbyists and lucratively paid expenses syphoning bureaucrats. so that any government taxes go back to a lean and clean public service allocation, once they have killed off the dead weight in response to a drop in tax income due to non national trade.

but lets not let governments/banks become the international holders of the IMF super power LN hub. dominating and hoarding all the coins.

keep bitcoin open and free of control, and leave governments to do their thing

I have suggested such a thing years ago; but why reinvent the wheel?

-->it exists already, it is called "Bitcoin" 

defamation?
firstly there is no person with a birth certificate of yayaya to be defamed
secondly you have no reputation to taint. your pseudonym has tainted its own reputation often
thirdly it would be more wise you do some research and have an independent thought now and again because most of your rhetoric sounds like your just spoonfed by blockstreamers
fourthly the more people that you ignore for having an independent mindset, will just leave you only talking to blockstreamers and just circle jerking the same false ideologies thinking your correct because your circle jerking club all are spoonfed from the same bowl.

but have a nice day

Again, the exact opposite is true. I've made multiple posts about inflation related topics and criticized other users for being attached to fiat money. I'm frequently talking about precious metals as well.

Franky, you have proven to be a truly professional troll.

Welcome to my ignore list.

I think you deserve negative feedback for defamation as well. But I have to think about this a bit more, because there's a high probability that your sick mind would interpret negative feedback as acclamation...

ya.ya.yo!

your obsession about btc value entertains me..
exactly how do you define value.. oh wait. your going to tell me a surge in the.. 'dollar' value..

lol
the funny part is i have never ever seen you talking about cost of living, or any other measure thats not dollar derived.
but i have seen you many times want bitcoin to be centralised, commercialised and government/bank accepted to cause a fiat rise so you can make fiat profit when you exit bitcoin.

Hey franky, how's UnlimitedCoin doing?

It's always funny to read your attempts to misinterpret and contort statements and facts. You definitely have some talent here (Roger Ver will certainly be proud of you).

As always: None of your conclusions is correct. I neither hope for banks to move over to Bitcoin, nor do I hope that Bitcoin should move over to banks. In fact I'm extremely anti-fiat. It's impossible that you are unaware of this, because I frequently criticize for-fiat-traders and (affiliates of) bankers.

ya.ya.yo!

you have to accept that banks are not going to move over to bitcoin.

but what you should also accept is that bitcoin SHOULD NOT move over to banks.
bitcoin should remain open and borderless as a free choice against the bankers.

but it seems all your rhetoric is about a fiat valuation so you can run back to fiat one day.

Well, it would be much easier for them to just use Bitcoin for all international payments. But as always, statists need to prove their relevance...

Actually, if the central banks of BRICS would buy Bitcoin and promote its use for national and international trade, the dominance of the USD would vanish in no time. Because of the first-mover advantage and the resulting increase in BTC value such a move would be highly beneficial for them. Not mentioning the possible savings by ceasing the issuance of national currencies...

ya.ya.yo!

part of loosening the grip of the dollar is by china being part of BRIC's* where several countries join together to have their own pricing arrangement away from the dollar
*
Brazil
Russia
India
China

ofcourse the IMF are still top of the financial pyramid but it has become widely known that the IMF is moving away from the dollar as the dollar is losing power.

as for blockchain based info.. this will be part of hyperledger. and not related to using bitcoin

as for america's reaction..
well forget syria, forget russia.. trump is obviously got his sights set on china.. just look at his pre election speaches and obsession about the word china.
look at the american 'patriots' on this forum who are obvious trump supports shouting and crying about china's dominance of bitcoin.
its obvious the propaganda machine of fox news will start pushing for support to go to war with china for any little reason they can find

---

in the early 2000's america got saudi arabia onboard. they are now getting russia onboard (yea forget the fox news spit for spat against russia), america loves russia and gives them billions to help nasa..

whats gonna happen next is after the saudi landgrab of UAE, syria, lybia is over.. america along with their new allies and this will include australia. uk france saudi, etc will start in the mongolia region of china and then move east while also attacking from the oceans on the east heading west to flank on both fronts.

That is actually a good idea but we all know that allied countries will not favor that. The United States of America will be the number one to go against that. They will not allow that the US dollars will not be on top and they will do anything just to stay at the top of the financial and economic system.

I am not very sure how does the system you mentioned works since the link that you gave cannot be opened, hope I can read it to give sufficient and knowledge based opinion on this matter.

Yao Yudong, ex-director of PBOC Research Institute, delivered a keynote speech in the 2016 China Shenzhen Fintech Summit, proposing an electronic Special Drawing Rights (eSDR) system based on blockchain technology to mitigate the liquidity shortage problem in 2017. His speech was titled: To issue eSDR to build a new type of super-sovereign cross-border payment settlement system.


http://news.8btc.com/blockchain-based-esdr-to-address-liquidity-shortage-in-2017