China's digital currency aims to leave the rest of the world in the dust

[Zsari]

Please remember that communism calls for the abolishing of the traditional money system.



What you say is good i.e. making all of them use a single method of money transaction but all of them should be brought under the same name and leadership.

The second step would be combining the Chinese Reminbi currency and the being-implemented "Social Credits" system to bring to effect a new communist economic system like one proposed by myself in this thread.

You need to first understand the difference between communism and Leninism.

 

[cloud4000]

So the best thing since sliced bread is more sliced bread?

 

[Beidou2020]

ANother way of boasting. Boaster.

Is it now 2030 superpower?

 

[SuperStar20]

So the best thing since sliced bread is more sliced bread?

Yeah, game changing innovation.

 

[jamahir]

You need to first understand the difference between communism and Leninism.

Then please explain the differences and their legitimacy.

 

[Zsari]

Then please explain the differences and their legitimacy.

That's one confused question. Ideology does not bring legitimacy as legitimacy only comes from competence in actual governing.

 

[jamahir]

That's one confused question. Ideology does not bring legitimacy as legitimacy only comes from competence in actual governing.

It is not a confused question. I simply wanted you to present your understanding of true communism and whether you think China is communist.

In this thread I have proposed a communist economic system.

 

[Han Patriot]

Yes just money in another form. Paper money, electronic money, crypto money, issued by central banks, private banks, or anonymous banks.
Yes I hope one day when I wake up I see no more chinese propaganda.

Lolololol.... This is what happens when you explain technology to idiots.

Yeah, game changing innovation.

Ane, in this world there is no central bank backed blockchain technology, testing and validation alone took 5 years plus. You think this is just some bitcoin shit? Understand the difference and the risk involved and come bck and tell me. China is the first to. Introduce a central bank digital currency. Get it numb numb...

 

[hualushui]

Digital currency is a historical trend and the way forward in the future.
China invented paper currency, and will be the first to say goodbye to paper currency, and is also the first to use digital currency issued by the country.
I see some Indians, Americans, and Vietnamese who devalue digital currencies in order to oppose China.
They are fools, they are anti-intellectual.
Their central bank and government have already begun to study digital currency. After their own country's digital currency begins to circulate, how will they view their speech today? How to view their own stupidity and anti-intellect?

 

[jamahir]

Digital currency is a historical trend and the way forward in the future.
China invented paper currency, and will be the first to say goodbye to paper currency, and is also the first to use digital currency issued by the country.
I see some Indians, Americans, and Vietnamese who devalue digital currencies in order to oppose China.
They are fools, they are anti-intellectual.
Their central bank and government have already begun to study digital currency. After their own country's digital currency begins to circulate, how will they view their speech today? How to view their own stupidity and anti-intellect?

Just replacing paper currency with digital currency is not enough. Supposedly communist China has to adopt a communist socio-economic system. That will be true change. Otherwise how is this digital currency different from economic systems in say India and USA ?

 

[Beidou2020]

We will all be using Central Bank Digital Currency in the future.

 

[Place Of Space]

Just replacing paper currency with digital currency is not enough. Supposedly communist China has to adopt a communist socio-economic system. That will be true change. Otherwise how is this digital currency different from economic systems in say India and USA ?

How is your life in India?

 

[jamahir]

How is your life in India?

Not ideal.

 

[Indos]

I still prefer cash, e-money, and ATM card (where in Indonesia it can also function as debit card). I dont use HandPhone for transaction, not safe and a bit complicated.

 

[Mace]

I still prefer cash, e-money, and ATM card (where in Indonesia it can also function as debit card). I dont use HandPhone for transaction, not safe and a bit complicated.

Just ignore. Chinese are again proudly boasting about another shamelessly copied technology or system.