Assuming that they can receive and send their money quickly and conveniently with ecash, I speculate that they will never care about the difference between centralized and decentralized.
Would this not hurt bitcoin as a currency? Would this not only encourage bitcoin to be used as a speculative investment? How about mainstream adoption?
The governor of the People’s Bank of China praised recent tests of its national digital currency at the Hong Kong Fintech Week conference on Monday.
As reported by Bloomberg, Yi Gang said the pilot program, which has spanned multiple Chinese cities this year, has proven successful.
Over 4 million transactions totaling more than 2 billion yuan ($299 million) have been conducted using the digital yuan, Yi said.
Financial services in remote areas have been bolstered by new technologies, the governor explained, including microloans and risk management, which plays into how the China is looking to spread the digital currency.
Read in full https://www.coindesk.com/pboc-governor-says-successful-digital-yuan-trials-have-transacted-299m
As the TV show suggests, even though they'd be fine with ecash, it gives certain new opportunities of improving the world that with using fiat. I think most people won't care much, but they wouldn't mind fellow admirers of decentralized coins using their cryptos. And for now, I don't see any successful centralization cases that worked out, while Bitcoin is doing pretty great. The thing is, unlike in Mr. Robot, we don't have such a monopolist that would also be in bed with the governments, and thus even big companies face opposition in the forms of harsh regulations when they attempt to create a powerful centralized cryptocurrency (I'm thinking of Libra now). So maybe they won't become a trend after all.Would this not hurt bitcoin as a currency? Would this not only encourage bitcoin to be used as a speculative investment? How about mainstream adoption?
The governor of the People’s Bank of China praised recent tests of its national digital currency at the Hong Kong Fintech Week conference on Monday.
As reported by Bloomberg, Yi Gang said the pilot program, which has spanned multiple Chinese cities this year, has proven successful.
Over 4 million transactions totaling more than 2 billion yuan ($299 million) have been conducted using the digital yuan, Yi said.
Financial services in remote areas have been bolstered by new technologies, the governor explained, including microloans and risk management, which plays into how the China is looking to spread the digital currency.
Read in full https://www.coindesk.com/pboc-governor-says-successful-digital-yuan-trials-have-transacted-299m