Comments by "LoC28C" (@LoC28C) on "US - China | How will Chinese Digital Currency Help the Yuan vs Dollar" video.

I think the Digital Yuan is a great move forward. The reason is that now the whole world’s economy is based on the USD. In this scenario citizens of any countries that produce goods and services has to sell them to the USA for USD and when these countries get their payment in USD they are worth less than what they previously thought it could buy. Decentralizing money and not having all these money be backed by the USD would probably make the world economy more stable and make trade easier and more efficient. It’s time to ditch the USD as it keeps making the whole world poorer and the USA richer for everything we produce.
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@GrizOfLafayette it doesn’t matter which country he is from just look and you will see that the USA has been doing this to many countries around the world.
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@denwhale well said All our bank accounts now are in the hands of the CIA, at least with the digital Yuan we will be decentralized. Looking forward to a much better future.
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@innosam123 LOL do you even understand what is happening and how your money works ?
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@alfattahfarm215 China will just say, let’s trade in our own currencies when you buy from me you pay Yuan, when i buy from you I pay your currency. Then trade will be much better and easier. There is no reason for everything to be paid in USD any more and trade will then be more stable. The main reason is that I know what I will get back when I sell something. Now I only know what USD I will get when I sell something and that USD will only let me buy less later than what I can buy today
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