Post #3883484

looks like a confluence of dumb shit that may or may not result in anything that means anything or does anything there was a big blockchain push from 2019 on, basically in response to Facebook’s Libra cryptocurrency plan. This directly brought us the e-CNY central bank digital currency. They tried to do this with a blockchain, but quickly realised you weren’t going to scale a blockchain to fucking China. So far e-CNY is just another phone money like Alipay or Tenpay. I suppose it’s a public good to have cash be under public control and not just private control, but it doesn’t really have a compelling use case in its own right.