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RE: Some thoughts on China launching their own cryptocurrency...
If China creates a new cryptocurrency, me and North Korea will use it as China is the biggest financial aid of my team... Vietnam comes as good second... Maybe it's just that my best friend's family originates from China but has lived in Vietnam for most of her life... And she's pretty popular singer in both countries...
Beyond that, I doubt it will have widespread adoption. No one wants to use something that someone else has an advantage with.
First days of every new cryptocurrency will be like a hurricane... Everyone tries to hoard as many coins as possible and then dump them for quick profits...