Tuesday, October 27, 2020

USA vs. China Digital Currency War

Who will win?

Excerpt:

"The U.S. is likely to be defeated if it competes with China on the mere technology side. Ultimately, In order to gain a competitive hedge, the U.S. needs to offer what an authoritarian regime like China cannot offer, which is privacy-focused, censorship- resistant digital currency.

To do so, the U.S. should join forces with the crypto community and empower those crypto networks codifying democratic values.

“The best way for them [the U.S] to compete is to actually embrace the best features of cryptocurrency and really push these as sort of an offensive tool against the Chinese.” 



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