Post
Topic
Board Bitcoin Discussion
Re: China is the biggest user of digital currency, its just not bitcoin
by
Kakmakr
on 07/11/2021, 09:38:46 UTC

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.

I will rather have Bitcoin for the following reasons :

1. Bitcoin are not controlled by a dictatorship.
2. Bitcoin give people the control over their own wealth. (The Chinese government can freeze accounts/addresses or block transactions)
3. Bitcoin are used globally..... not just in China. (Borderless)
4. Bitcoin have a fixed coin cap ....consensus will never be reached to increase it.

Those are some of the reasons..... and there are loads more... but the biggest reason will always be  ..financial freedom!!!  Wink