Quote from: Serco on May 19, 2019, 03:09:03 AM

Quote from: jcarlo on May 19, 2019, 02:59:16 AM

Quote from: Tipstar on May 18, 2019, 01:16:26 AM

Peoples bank of China is supposedly trailing a crypto form of Chinese Renminbi as a digital currency.
The nodes of which would be controlled by the The People's bank of China and major Chinese bank where transactions would be visible to the authorities but not to the general public.
https://www.coindesk.com/digital-renminbi-a-fiat-coin-to-make-m0-great-again

Could we call it a cryptocurrency?

I think this could called cryptocurrency but centralized not decentralized like bitcoin. It still called fiat money because still controlled by central banks but i think its good start because government accepting this technology

no matter is it cryptocurrency or flat money.as long people bank of china disposed to adopt blockchain in their currency it be good news for us.this is the first stage for china to accept and legalize bitcoin then.hope there will next action from china government.

It is easier to always feel that every news we see online about blockchain adoption as being beneficial to us without fully confirming if the roadmap is really in conformity with what blockchain really stands from.

If you read their summary carefully, you will still see that it is going to be a selfish currency created for banks in china and government which doesnt benefit the general public in any way as stated. I dont see anything different in what they are creating to the normal digital payment using renminbi without blockchain, and it seems to me like they are just crating another ripple like coin.