The difference IMO is that if China issues a digital Yuan, they just need to push out how much of this new currency they want/need.
With Bitcoin, the main problem is the mining infrastructure that consumes these enormous, ever-increasing amounts of energy.
If we keep using currency, there are better digital alternatives than bitcoin that require far less power and storage, but they'll have to be pushed as real currency not as investment which is what drives bitcoin.
The difference IMO is that if China issues a digital Yuan, they just need to push out how much of this new currency they want/need.
With Bitcoin, the main problem is the mining infrastructure that consumes these enormous, ever-increasing amounts of energy.
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If we keep using currency, there are better digital alternatives than bitcoin that require far less power and storage, but they'll have to be pushed as real currency not as investment which is what drives bitcoin.