/biz/ - Business & Finance

>>19480227
So it would be a stable coin?

>>19480227

They still don't understand that Bitcoin is the equivalent of a financial nuclear bomb targeting government controlled economic systems. Just because the blast hasn't entirely killed the system yet doesn't mean it's not happening.

>>19480250
No, it's a volatility maximized coin

Whats the fking point of that?? Figital coin backed by gov, fking hell this is worse than physical fiat cash, atleast paper has some value

>>19480939
the point is to avoid us sanctions and denial of service in international wires

>>19480250
if i was them i would call them golden dragons 1 coin = 1 oz of 9999 gold

>>19480227
>government has centralized control
>government prints as much as they want
>not provably scarce
How is this any different from the money in a bank account?

>>19481017
international trade free of us control? yeah that's not a big deal right? who would want that?

>thinking anyone on the planet earth is stupid enough to accept fake virtual chink bux

>>19481112
so you are saying nobody accepts tether?

you retards don't realise this is the same as fiat except digital... nothing will change here except it's easier for govt.

>>19481167
>nothing will change here
except us global power gets further marginalized

>>19481042

Nobody, since they've had the opportunity to break away from the US for decades and nobody does it. Turns out, as retarded and mercurial as the US is, the rest of the planet vastly prefers them to China or Russia or Britain or France.

>>19480227
They are going to kill the outdated Jewish "dollar" with the CHAD Digital Yuan.

>>19481288
well about 2/3 the planet wants us control go to hell but they still prefer the usd to any other currency. herein lies their problem so far usd came with us oversight and permission.

chinks seem to hope crypto will change that.

>>19481434
It won't. The currency is access to its host economy, crypto has no host economy.

>>19480968
The point is to not end up on the hook of the globalists. Usury has always been their WMD.

>>19481487
well a chink state issued crypto will have a host economy you dumb nigger

>>19481525
are you some sort of special care child? can you actually read the news you are commenting on?

>>19480227
It means america should do it first but we are too retarded

>>19481580
A host economy that's export-led, same as everywhere else on the planet, except the US. That's the reason why their economy has remained dominant: it has a consumer base.

>>19481683
lol chinas internal market today is quiet considerable. but again this shit is specifically made to wire money back home from abroad sales avoiding dependence on third parties.

they are also hoping to make legs as international settlement for pariah states in direct competition to the usd.

>>19480227
it means that theyre trying to push it hard
its still fiat but worse they can 0 your account at any time because only they have access to bc data

NEVER openly challenge the dollar. It's what attract the goblino's attention to you.

>>19481761
>lol chinas internal market today is quiet considerable

No, it's not. It's a joke of a domestic economy, less than 25% of the size of the US despite Chinese GDP being about 60% of US.

>>19480250
Too bad Brave too the ticker BAT

>>19481824
well 25% of the us is quiet considerable. that's a few times bigger than russia.

>>19481904
It's objectively not enough to contest the US, or undermine it, or any of the wacko shit people talk about when referencing Chinese world domination plans.

>>19481941
yet you mean, this is a long play from the chinks. also you underestimate chinas internal market it's actually the exports that's 20% not the other way around. it's about 75% the us economy in total size.

>>19480284
It's as fantastic as having a lump of gold

>>19482011
Gimme dat gold whyteboi

>>19480227
It's a scam

>>19481987
Total GDP is, but household consumption only makes 40% of GDP in China. In the US, it's almost 70% of GDP, and US GDP is 25% larger to boot. Chinese domestic consumption is anywhere from a third to a quarter of US domestic consumption. You're the one overestimating the Chinese domestic economy, Chang.

Diao Diaoyu islands belong to Japan.

>>19482136
like i said things change and it's already a huge market. probably the second biggest from standalone states. sure the whole eu is bigger but the member states alone... nope. how is that not a legit challenger in your book?

>>19482136
btw no i don't like chinks or anything i just think you are all stupid for not seeing the obvious motive

>>19482157

Because I can read a population pyramid. We are currently experiencing peak China, there is no population to replace Chinese workers as they age out. In fact, by 2025 their economy will be irrecoverably flatlined.

>>19482189
sure sure short the chinese population growth

>>19482221
China did it themselves 30 years ago by implementing the 1 child policy. As a result, they're running out of under-30s.

>>19480227
>thinking centralized fiat with infinite supply can compete with bitcoin
This isn’t a difficult economic concept to grasp.

No one wants or will ever want China coins. Absolute garbage.

Pure speculations, nothing else. Usually, the government and financial bodies boast for the Universal Basic Income concept which isn't sustainable. VID.camera proved how Value Income is more sustainable, scalable, and easy to adapt than UBI. It's just a matter of time until governments realize the power of crypto ecosystems.

daily reminder that china will not become a world power. this decade will be the end for them

https://zeihan.com/a-failure-of-leadership-part-iii-the-beginning-of-the-end-of-china/

>>19482240
so what's stopping them from implementing a 3 child policy? you are as clueless as only a mutt can be.

>>19482501
How many years does it take to grow a 25 year old, again?

>>19481017
>not provably scarce, but now it can exist in a calculable amount
Still sounds like an upgrade

>>19482189
Looks much better than any western nation. They're homogenous too. If they're fucked, we're royally screwed.

>>19482984

China hasn't been homogenous since the Mongols.

>>19483040
>all these spics
They're be on welfare.
>not homogenous
95% han chinese. They're essentially one people, and very clever.

>>19483174
>They're
They'll

>>19481112
Dafuq is the yuan then?

>>19483174
Han Chinese is an artificial ethnicity, you imbecile

>>19483379
So what, you brainlet? They still think of their fellow han as their kin, and that's what matters. They won't ever have any significant trouble with "diversity."

>>19482189

bro come on over w your population pryamid
>>19483430

>>19483424
They're having so much trouble with diversity that they're threatening to occupy hong kong just on the basis that hong kong doesn't behave the way beijing thinks is right.

>>19480227
They don’t understand why the dollar is strong to begin with.

>>19483451
>b-but what about these libertarians in hk?
An asset, not a liability.

>>19482588
at least 15 id say

>>19480227
>implying nations want to transact in that shitty currency called the yen

>>19480227
>stablecoin
one of bitcoins value prop is it's value is pure supply/demand, not defined by some central authority.
>new digital money
moneys already digital, the new thing about this is, what, its a ""crypto""?
consider:
>ccp has control over supply, a la tether, because it a stablecoin and must print more as money enters the system to be digitised
defeats the purpose of crypto, has no benefit of being on a blockchain.
>lives on digital wallet like smartphone
the end user doesnt care, in fact, this is a negative. they already have alipay/wechat that lives on their phone, except if their phone gets run over they dont lose their money.
this is that but worse.
plus it doesnt have the best quality of bitcoin
>number go up
stablecoins cant moon, ccpcoin will probably still have inflation & currency controls

>>19483040
>>19482189
Have you seen European and Japan's population pyramids? This isn't even that bad.

>>19483891
Europe's is even worse, America's is just mildly bad (but the US' pyramid is in a position where it can improve, Europe and China's aren't.)

>>19482189
They don't need to increase the population they will simply raise IQ via genetics and use robotics, meanwhile the west will continue to import 80 IQ third worlders and put them on welfare

>>19484227

China's far too along for robotics to save them.

>>19482453
underrated post, this article really paints a bleak picture for the chinks.

动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门

sigh

china will ofdload its 3T USD into BTC. Thats the only esacpe left for CNY not to lose 90% or more and even make a profit or exrte a large defacto control on the next world currency

>>19484387
>14 posts by this ID

>>19480227

Bitcoin is not money lmao

It is a collectible internet memetoken

A casino chips for trading for Tether in the new online Vegas, which is precisely what binance, bitmex, bitfinex (and others) are

>>19483302
A currency that nobody trades in or holds if they can avoid it. There's a reason HK is a financial center more than Shanghai, despite them both being SEZs. And if the CCP keeps going in on ignoring their HK sovereignty agreement a lot of that financial clout is probably moving to Singapore.

No body wants to be invested in an economy (not just a currency) that only exists at the whim of the government. Least of all any Chinese person with means and brains, which is why capital is flying out China at mach 8 and buying all that property in Canada, AUS, and the US. Their economy is made out of even more unstable fuckfuck games than ours, and is almost 17x more over-leveraged than ours. The only way I'd accept Yuan is if they were giving it away for free, blockchain or not.

>>19485952
I don't know why you're giving shit to the only one who's got a functional understanding the relationship between China's incoming demographic implosion, their colossally export driven economy in a world that soon will not have the US Navy as a global shipping security force, and the collapse of import demand from the US (the only place that can consume enough to keep them afloat). He's also aware that Han Chinese is a recent invention designed to blur distinctions between the northern Beijing aligned population (where all the CCP Dai Los come from) the southern coastals (who always distrusted their power), and their various minorities they haven't exterminated yet.

Bonus points for being aware of the coming Chinese famine that will have Malthus beating off in his coffin.

>>19481042
BTC miners and bag holders. Chinks will swap over to chink coin, leaving alot of supply and no demand, BTC will crash.