What impact do you guys and guys think a Chinese-backed crypto will have on the value and progress of Neo? I can foresee at least two possible scenarios and would appreciate any input as I hold and stake a relatively decent amount of Neo:
Hypothetical 1: Chinese consumers stay away from Neo out of fear, coercion, or outright brute force. As a nationalist regime, I don't think it is out of the realm of possibility that citizens of China are either implicitly or explicitly signaled to stay away from Neo. Assuming Neo is not willing to become adopted as, of nationalized into, the "official" Chinese cryptocurrency, people might fear that (given the amount of oversight) using Neo may be viewed as anti-nationalist and thereby subject them to potential scrutiny or something worse.
Hypothetical 2: While historically supportive of the People's Republic of China, Chinese citizens are becoming increasingly concerned over the government's use of technology to monitor and control every aspect of their daily lives. While development and growth has surged under the current regime, there may become a tipping point where citizens demand more autonomy. Economic efficiency may become less important than freedom. In this case, Neo would be ideally positioned for mass adoption. For example, its use and adoption by Chinese citizens would symbolize their protest in a non-violent and potentially effective way.