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RE: Crypto Update: China CB Goes Blockchain in 2018?
I think the Chinese government heads are just ruthlessly efficient enough to the pull the trigger on a move to something like this. If they ever did do that they would be basically conceding their holdings in the dollar, including the US debt they own because that would totally crash both of those values. Intriguing thoughts there, great post, thanks glad you thought of it.
Yes that is true. It could start a war possibly. They will most likely hedge towards cryptocurrency and I'm sure they already have to a large extent. The US debt is so large at most all they can hope for is for interest payments to continue for as long as possible. Paying that debt off is like a human walking on mars without a spacesuit. Not going to happen right?