RT @fadouce: « La Chine semble prendre la mesure du #Libra, en tous cas beaucoup plus que l’Europe ou les États-Unis.
Et au lieu de vociférer, la banque centrale confirme travailler modestement sur sa propre #crypto d’État. « : @gregory_raymondhttps://t.co/EslqFCCxbs
Remember back in 2009, QQ coins actually accounted for more than 10% of all currency circulation in China, so much so, that it was banned. Think about how internet was in China and state of Chinese economy a decade ago vs now? So the question is really is how to regulate it rather than how to implement it.
It's not hard to program a normal bitcoin like crypto currency. But the Central Bank isn't trying to make one of those, as they would have very little control over it. They are trying to build a Blockchain based crypto currency with all its benefits that is also still able to safely be centrally controlled. Which is considerably difficult.
Not really. Thats only for Bitcoin. Crypto can benefit for a central bank as well. In fact crypto that requires a central bank might be far more efficient ( time wise ) and more effective ( less price manipulation).
However, I believe in the core tech of Monero more, which is by far the only crypto that acts as an cash equivalent.
price for monero fluctuates so much. maybe someone can make a crypto that at low total value, it pegs itself to another currency, but as it grows in value, it slowly disconnects from being pegged. this way, it benefits from easy use, and benefits investors investing in it.
it's been solved. there's lots of currencies that peg their value to another one. The problem with crypto is that when this happens, there's no benefit for investors to buy that currency purely for investment purposes.