Crypto Dollar.. thoughts?

>How likely is this

China launching a digital yuan? 120%. That digital currency fucking with the dollar? -120%.

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bullish for monero

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>How likely is this
They're already doing a trial run in three or four cities.

>How likely is this and what would the implications be?

100% likely , china would be retarded not to push into a cryptocurrency in case glowniggers put sanctions so they can bypass the us banking system and with everyone owning them money they can forget the debt if they get in the new system.

However the biggest push for this is US BOOMERS , they are so fucking retarded with technology that they have destroyed their own fintech / banking system , shits insane , things like atm limits have not been updated or decades and with inflation shits retarded, it's unbelievable that you can lose 5% per extraction on fees if not more due to fees in a lot of countries due to limits never being updated.

Fintech regulations have castrated velocity of money since paypal monopolized everything , 10 years ago you had like 20 alternatives ,all cucked by regulators , even paypal was cucked to be a processor for credit cards and in order to have an account you need it linked to a bank account.

Shits retarded there are venezuelans freelancing for us companies that get their account blocked and paypal ask for a local bank account / credit card to unblock, yet they live in a communist shithole and can't provide so they lose their money.

And that's insanely normal this day , people are afraid of leaving their money in fintech companies due to this type of shit going on.

US boomers can't understand anything technological for some fucking reason ,if they did they would be pro bitcoin as it weakens attacks against usd by making capital flight to the usd easily , but they are so retarded that they are being left behind.

When china releases this shit it's going to be tether on steroids and destroy the demand for the us dollar.
There is still time for the usa to get into the game but people like mnuchin have their heads in a hole and their asses expossed.

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in order to keep up america will fomo in. theyalready wanted to distribute stimulus via crypto. (google it)

soon

Wait a minute, wouldn't that save us?

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If we got off our current banking system? Yes, it would.

Thanks for your take, good points.

if you need more cash just go inside and ask for it. atm limits are not the issue. but everything else is good.

Buy XRP

China has its own middle class could just produce and sell jts own goods. They also have all the natural resources

The author is a Bitcoin peddler btw

>Believe it or not many are moving back to the US.

You meant to type 'moving to India', right?

it's not that easy the usd system is worldwide in burgerland that may be the case but not in europe , latin america or anywhere else.

Imagine you are living in Argentina and you want to use your usd card , you lose 70% on fees due to retarded exchange rates and atm limits.

So you take a ferry to uruguay to use it there and the fees are 15 usd per extraction yet the extraction limit is 200 usd per extraction and has not been updated since 1990.

You extract 2000 usd in 10 transactions paying 150 usd in fees, almost 8% in fucking fees plus you had to take a fucking ferry to use an atm.

All this shit could be bypassed with a fucking crypto or good banking laws , instead the atm limit was not upgraded since the fucking gulf war, any country can block your fucking cards or pass the real exchange rate through their balls and rip the users of your banking system or worse.
I mean shit like the venezuelan example is pure clown world but it's fucking real , not even first worlders have the balls to leave their money in paypal this days.

The entire us financial system is not collapsing it's just not mantained or updated , the us boomers may larp they are improving it because wires are faster , but what the fuck does it matter if everyone working online has to pay 5% fees to paypal every time they buy something.

Imagine if the boomers had to pay 5% every time they used cash , shit is totally retarded , this companies that had the goal to create digital money ended up being intermediaries to "protect the customer" ,that always do chargebacks in favor of scammers , and the digital money was cucked in the western world.

Meanwhile see china on localbitcoins or alternatives , the chinese can buy crypto with their digital payments , try to do the same with paypal or alternatives without retarded fees compared to bank wires.

Entire usa financial system is really in bad condition due to boomer stupidity.

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Everybody would be gangsta until some motherfucker releases stuxnet 2.0 but for banking systems.
A house divided will always fall--they know this, it's why there are no Republicans, there are no Democrats, no conservatives labour or lib dems, not anymore. There is only instrumentality. This way the house always wins, no matter where on the wheel the ball falls this time around.
A digital dollar will come, because it is exactly the domino they need to topple to consolidate their power and finally be able to act outside of the shadows.
>t. ELMER_CHUD

They have rare earth metals and what else? They import like 50% of their food

>China force the US to destroy its key source of power.
Okay genius

trump and mnuchin were already going to do that with or without china.

ITT retards that don't know what SDRs are.

>not understanding why China has been aggressively colonizing africa

China doesn't force the US to do anything. It's probably Trump's idea. Gonna happen quick if it does at all. Get ready to sell crypto to the people panic buying when it happens.