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Re:Bitcoin still makes no sense by echelon on Saturday December 05, 2020 @08:51PM (#25320260)
Which state will win? Will USD fall to CryptoYuan, or will the US solution have advantage?

Where can you follow design of these initiatives?

Could a state actor DDoS another state's crypto, or will these just be centralized systems with just the crypto moniker?

Will Libra make it?

Re:Bitcoin still makes no sense by prohobo on Saturday December 05, 2020 @09:06PM (#25320356)
Considering China has bought up a majority of gold in the past decade, and they're the global leader in production, I'd say CryptoYuan will have the best chance of winning out.

I assume they're keeping their designs under wraps for now, but I haven't really taken a deep look. There is some info available though:

* The Chinese Central Bank has filed over 80 patents relating to CryptoYuan, which can be checked out - https://digitalchamber.org/pboc-patent-repository/

* The European Central Bank released a report in October - https://www.ecb.europa.eu/pub/pdf/other/Report_on_a_digital_...

* The Federal Reserve is apparently still just researching - https://www.federalreserve.gov/econres/notes/feds-notes/cent...

DDoSing another state's crypto would probably be considered an overt act of war, so I don't know how often that could happen.

I have no idea what Libra is to be honest.