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Look like every new tech is a new shackle. The president of the BRI said he wants to know everything about what you do with your money. Grandma money can be taxed.
Ohh handsome and than some. Love me some BRI’ISH narration. Like the James Hoffman of crypto
China hasn't done it to great success. That's a bad example. They're not in profit. They may be in a decade or more but they're not right now and they've started to scale back the BRI. There's not much stopping the poor countries turning around and saying "so long and thanks for all the fish!"
tldr; China's digital currency, the Digital Silk Road (DSR), is an essential component of China’s global infrastructure plan, the Belt and Road Initiative (BRI), announced in 2013. China sees the digital yuan as a solution to this problem as well as a way to mutually reinforce the reach of both BRI and DSR projects. The more countries see the benefits of settling accounts in yuan, the greater the network effect in further expanding the orbit of Chinese economic influence. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Hey man, Southeast Asian gang here, and I do study a bit about the Non-Traditional Security tension in SEA. It is not a conceived dominance. They are dominant in the region and considered as an emerging power. Their dominance is driven by a number of factors. The shift from the US' involvement in the region, ASEAN mentality, the BRI projects- to name a few. Unfortunately, I don't see this post fitting for this subreddit. Do take care though.
you should not retire, we will face the biggest economic hardship the planet has ever faced. With US-China trying to compete against each other giving debts to third world countries (B3W vs BRI), with unlimited fiat printing, with more and more regulation to control money outflow, we are basically in uncharted water territory right now. If you want my advice, find a side income where you can dictate the business, and slowly transition to your own business from your main job. Only retire when the world's economy is back to stable, which we might not see for a long time unfortunately
"China’s government is doubling down on its embrace of distributed databases with the establishment of an “advanced blockchain industrial system”, as the country looks to incorporate the technology into its economic and development plans. The country plans to establish industrial standards, tax incentives and intellectual property protections to support the blockchain industry, for which it wants to become a world leader by 2025, according to a document released on Monday by the Ministry of Industry and Information Technology (MIIT) and Cyberspace Administration of China (CAC), the two agencies in charge of the world’s largest internet industry. The document also mentioned plans to enhance global cooperation under the Belt and Road Initiative (BRI)."
Furthermore, USD investment overseas used to flow into foreign companies, who then in turn flowed the profits back into US Stocks, Bonds,Treasuries. But China, once the biggest buyer of U.S. Bonds, now has taken that money and is pouring it into BRI. And so are other countries, who want to escape U.S. economic imperialism. Shits gonna hit the fan. I'm HODL on to my crypto for dear life no matter what.
China is on point with this one. With their control over the majority of bitcoin miners, they will have their enemies by the balls; an excellent addition to the BRI.
China's president Xi outlines vision for BRI yesterday "A public road open to all", in which VeChain was a co-founder of since 2019...BULLISH. https://www.chinadaily.com.cn/a/202104/21/WS607f5cf8a31024ad0bab92d3.html https://www.prnewswire.com/news-releases/vechain-is-co-founder-of-the-belt-and-road-initiative-blockchain-alliance-briba-300979679.html
Lol I said Co-founders of the BRI Blockchain Alliance that helps BRI’s initiatives. How could you trust China? Grabber of land and seas? 9 dash eleven in South China Sea based on no legal basis? You want to hear more?
What country? Every country the experience can be different I have visited some and many international friends I trust will work on this subject, like economists, professors, I trust the opinion of them, the "debt trap" will be exaggerated and is not BRI primary goal at all
Actually, I can't trust you. Because I see your comment filled with mistakes, and you don't even understand what BRI is, think VET founder is cofounder lol, and many exaggerations. Of course, I cannot trust your opinion because of the falsity and the strange behaviour (copy and paste the comment with falsities several times, why? That's like the propaganda spam, right? ) The behaviour is what you will expect like some Chinese WuMao to do... So strange. I don't think you are paid from government to spread propaganda, but maybe you accidentally act like it. We must be careful not to become some brainwashed nationalist, my friend. Be careful. Crypto is not about the nationalist rivalries
Question: Have you resided anywhere that has been a focal point of attention for the BRI? Disclaimer: I have, and I disagree.
Correct. But that is also helping BRI.
I did, there's no mention of that. The Vechain foundation is co-founder of the BRI Blockchain Alliance. No mention of Sunny Lu "founding" the BRI.
Lol it is totally incorrect, he is not founder of BRI, just cofounder for some extra BRI Blockchain Initiative, it is totally different, like I make some product for McDonald's will not mean I am founder for McDonald's lol BRI is not just some debt trap diplomacy, this idea is so extreme, Africa and Middle East not on the knees for China lol Your comment like the Cold Warrior Propaganda
It's a common argument, and there's some truth to it, but not any reason to be skeptical about the project, speaking as someone who is 100% into the project (disclaimer). >China While the foundation is based in Singapore, and is therefore not subject to Chinese legislation, it's heavily scewed towards the Chinese market, and often try to follow the demands made by CCP, just like any other business has to do. While it may come across as unethical concerning China's Human Rights' record VET is doing good things in China. The project's ability to trace goods is in dire need in the Chinese economy with issues like [Gutter-Oil](https://en.wikipedia.org/wiki/Gutter_oil) and the [Milk Scandal](https://en.wikipedia.org/wiki/2008_Chinese_milk_scandal). It's no surprise that it was Walmart China that was the first to jump on the solution, and that the Vaccine passport was first pitched towards China and then towards Europe. Furhter, China's [BRI](https://en.wikipedia.org/wiki/Belt_and_Road_Initiative) ambitions could make Vechain *the* fundament for world trade if they were to adopt it for their infrastructure, something [Vechain is angling for](https://www.prnewswire.com/news-releases/vechain-is-co-founder-of-the-belt-and-road-initiative-blockchain-alliance-briba-300979679.html). Personally, I think that as long as the authority is safe from manipulation that the Chinese part of the concern is overblown, and may actually be a huge benefit for the project. >centralized It's true that Vechain doesn't seek decentralization like other blockchains, but are angling towards a sort of median solution. Instead of putting the management of the chain in an large and unorganized collective Vechain have selected 101 organizations/people that together have the ability to write on the chain. This, of course, is a limited decentralization but it allows for an easier way to manage the chain should any bottleneck or unforseen issue arise - and it seems like this is exactly what corporations wish for, referring to the recent vote to slash transaction costs with 99%. The whole process took barely 2 weeks from announcement to completion, in contrast to ETH that's been plauged by gas issues for a far longer time. I also think that the [PoA 2.0](https://vechain101.com/what-to-expect-from-poa-2-0-surface-and-vechains-current-technical-advantages/) update makes it 100% impossible for the 101 nodes to conspire to hijack or manipulate the system. So I'm not worried at all about centralization, as long as the 101 authority nodes are reasonable partners with good diversity, it would really be a deathblow if 25 of them was run by CCP or something haha.