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in dpoll •  3 months ago  (edited)

The U.S and China have a large footprint on the digital economy.
For the @steem-bounty discuss the strength and weaknesses each exhibit.

Reference: https://steemit.com/china/@btcmillennial/how-china-hijacked-bitcoin

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Voted for

  • China

I read your other post, @btcmillennial, and will go comment there after this. I think it is too soon to tell what the eventual outcome will be. But regardless of any possible winners, I feel the us will be the loser. They alienate the world and are weak as can be in many metrics. Many countries are doing their best to abandon the dollar as as a peg, and of course, crypto is coming up in power (too slowly for me!)

I am in the position of living in SE Asia for the last 3+ years while living in the US for most of my life before that. Some of the first things that became apparent were that most of the SE Asian nations are:

  • far ahead of the US in technology adoption
  • strongly influenced and accepting of Chinese influence
  • very unaware of anything to do with the us.

I see almost no products from the us on shelves, and see almost no news of it. Many people have never heard of California. When I say, "You know, Hollywood" - no they have never heard of that either. But they do know all about China, get tourists from there, eat food imported from there, go on vacation there, and generally are approving. This is while they are also on their Chinese brand phone with 50 different ways to pay for things in various currencies.

This happened last week:

I am in Malaysia and met a a Malaysian lady who lives permanently in China and was visiting. She did not bring enough cash with her and her cards were not working. She was trying to find a way to get her BTC. I was asked to help because I am on STEEM and my friend thought I might know a way to help her. She was frantic at the time.

I was surprised this 70 year old woman had BTC at all. She said:

Of course I have BTC! Everyone in China has BTC. A lot of my funds are in there and I get more each month. No one uses cash in China. I cannot believe they still use it here in Malaysia. People want cash in restaurants! I just swipe my phone.

Now I wish I would have asked her where she get more BTC from each month. Is the govt handing it out? Maybe. If their goal is to be a powerhouse in it - widespread adoption would do the trick - leaving the west out in the cold and not even seeing it coming.

Thank you for talking about and asking about this. I am going to pay more attention now :)

Voted for

  • Other

I don't know.
Multiple countries (for example South Korea) have very big/serious impact on the cryptocurrency world.

I think because of the size of its market, countries like China and India will have a weight to consider, there is also South Korea, which today has a strong presence in cryptocurrencies, I do not leave out the United States, but I do not place it first because I believe that in some cases it does not favor some of the decisions of its politicians for mass adoption.

Voted for

  • Other

There is no single dominating country. The entire point is to be decentralized. Some countries are falling behind. But overall there is no clear #1

Hi @btcmillennial

Voted for

  • Other

I think that other countries without the power that U.S.A and China have, have a very important presence very quietly.

Greetings friend, from Venezuela

Voted for

  • Japan

Voted for

  • China

Voted for

  • Japan

If China leads this technology, the digital economy will grow avalanche and reach the desired highs.

Voted for

  • China

Voted for

  • Other

Korea

Voted for

  • U.S.A

@btcmillennial, In my opinion it will be continued until the masses understands this space and masses adopt this space.

Voted for

  • China

Voted for

  • China

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I have always believed that China has grown at the expense of the detriment of the quality of life of its inhabitants and the destruction of its environment, and in turn of the world, just see who pollutes more, that moves to the digital world and cryptocurrencies.

  ·  3 months ago (edited)

Voted for:
China

Sounds to me all Asian countries have, the rest of the world waits and?

Voted for

  • China

Voted for

  • China

Voted for

  • China

Voted for

  • China

Interesting article that shows the current reality of the digital economy ...

I do not believe that the other countries remain still without taking action in this regard, there will be reactions, I guarantee it.

I do think China is a step ahead as they have invested a lot in cryptos and other digital assets. Seems the U.S. want to control it and when they fail, they tag it as something improper

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I don't think so, everyone is pulling towards cryptocurrencies

Not only China is targeted at this technology, this Russia and India ...