The Digital Yuan vs the US CBDC

China has apparently started to propagate its digital yuan today. So has the US. https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.htmlhttps://www.reuters.com/business/finance/digital-dollar-project-launch-five-us-central-bank-digital-currency-pilots-2021-05-03/ i read the articles and they talked about decentralized currency (bitcoin) vs centralized currency (digital yuan/US CBDC). Interestingly, bitcoin was touted as the digital gold due to its scarcity (limited to 21 million) and decentralized nature. Will digital yuan or …

Continue reading The Digital Yuan vs the US CBDC

Cryptocurrencies – The Greater Fool’s Game

Today i read this article about the recent crypto crash which apparently had dashed the dreams of the youth. Link below: https://asia.nikkei.com/Spotlight/Cryptocurrencies/Crypto-crash-dashes-dreams-of-South-Korea-s-lost-generation Personally, i have shared my views with friends that cryptocurrency inherently has no intrinsic value. It is just a game of musical chairs. The real winners have been those who played the game …

Continue reading Cryptocurrencies – The Greater Fool’s Game