Oh god. Is it produced in the same environmentally destructive way as crypto?
No, it’s a centralized digital currency so it doesn’t need to be mined by users.
Someone tell me the difference btw Digital and Crypto
Pretty sure most crypto needs to be mined by users which is what causes the immense energy costs, also the decentralization creates massive problems for average use that prevents practical adoption of crypto, while a digital currency controlled by a central force is probably just currency that isnt produced in a physical form, I guess.
‘Digital Yuan Explained: What it will mean to you’ Good explainer, minus the big brother fear mongering in the middle.
The majority of any currency is mostly digital. Numbers in a computer people use phones/cards to transfer. But China bad.
US credit scores are run by multiple private entities, who get their data stolen due to lax security. They are the basis to determine whether people get housing and in increasing cases, jobs. For most of the US it’s encouraged for private corporations to rule their lives, as long as they are unaccountable. But China bad.
That white dude in the video has literally the worst haircut I’ve ever seen
I feel like this is just a classic combover. Balding man is too afraid to embrace being bald so he tries to pretend he’s still got plenty of hair.
No sir, I do not like it.
What is there to question? This is either a pointless or actively damaging initiative.
Still don’t understand the need.
That’s how 99% of money already is. Most transactions are also handled digitally even if there’s physical currency.
