A poster here brought up an interesting point i'd like to discuss: is bitcoin and/or other alt coins a CIA plot to help extend the shelf life of the USD?
It'd certainly make sense: soak up the excess liquidity of excess inflation from money printing into a "safe asset" believed by most to be under no government's control, as well as allowing for black bag money to flow towards non official cover entities and state sponsored terrorist orgs.
No.
In the history of money, all governments want control of their currency.
Forget much of it now, but I think even in the early days of the United States, banks issued money. There were various forms of currency in the United States. Forget now, so I could be wrong. Does not matter, because the government got control of it. There is only one USD.
Bitcoin is an anonymous distributed network. No one is control. The CIA are control freaks. They might have actually invented Bitcoin with a backdoor. That would mean they have control. But if blockchain is real, then no, the CIA did not invent Bitcoin.
That is why the CCP went ahead with their DCEP as fast as possible.
It is the first mover advantage concept, you there first and reap all the rewards. There is no more fight in that space, the Chinese government has full control over any forms of electronic RMB money. There is nothing that can dislodge the DCEP now. There will be no other legal forms or alternative forms of electronic money in China. The government is in control of their electronic currency.
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Subsequent steps would be try to get other countries to use it out of convenience, and break away from the American lead SWIFT system in the process.