Quote from: Baofeng on Today at 07:22:11 PM

Quote from: coinycoiny on Today at 06:34:36 PM

https://www.theregister.com/2021/11/05/digital_yuan_140m_wallets/

You lot won't like this, but here is a digital currency that is actually used to buy things. Something that bitcoin has failed to do in 10 years.

The writing is on the wall.

Do Chinese people have any other choice here? Lol. That's why their government build their own CBCD, so don't be surprised that maybe by the end of next year, billions of Chinese have one time or another uses their CBCD to do online transactions specially if they are going to interact with their government.

Just to be fair, bitcoin can be used to purchase things as well. And they are not even comparable to CBCD of any nations, or like in this example the Digital Yuan.

this is the difference from other countries, chinese most of the time have no choice but to follow their government's mandate. even their social media presence and other net activities are heavily censored. remember, even a very well known actress or athlete can be deleted in their history if they want to. i guess, i dont want to live in that kind of environment. but it has proven that even if China halted all their crypto-related activities esp btc, they won't cause any failure in this market. i think, it is better that they are out of this market.