theres been something interesting going on with the CCP and financial businesses lately. theyre going to subvert alipay with the digital yuan and theyve already nationalized many financial tycoon’s businesses. i figure xi is putting them on the chopping block first because they truly are useless and having redundancies here does nothing but hurt everyone
Think about it this way -- what does having a 100% digital currency do? It gives you complete and total 100% transparency of the transactions within your economy.
This gives you the potential, for the first time in history, to have a command economy with knowledge of 100% of the economic activity occurring within your entire economy.
This is unprecedented and I believe they are currently nationalising and centralising all financial businesses for exactly this purpose. They see what incredible potential this level of access has and it completely throws out the window ALL the problems of previous command economies not having complete knowledge of "unknown" factors.
You don't need any private financial businesses anymore. You can take complete command of massive quantities of your entire economy in fact. Throw AI research into the mixture and there's an unprecedented economic frontier that they're about to explore.
Think about it this way -- what does having a 100% digital currency do? It gives you complete and total 100% transparency of the transactions within your economy.
This gives you the potential, for the first time in history, to have a command economy with knowledge of 100% of the economic activity occurring within your entire economy.
This is unprecedented and I believe they are currently nationalising and centralising all financial businesses for exactly this purpose. They see what incredible potential this level of access has and it completely throws out the window ALL the problems of previous command economies not having complete knowledge of "unknown" factors.
You don't need any private financial businesses anymore. You can take complete command of massive quantities of your entire economy in fact. Throw AI research into the mixture and there's an unprecedented economic frontier that they're about to explore.
:xi: