Comments by "LoC28C" (@LoC28C) on "TechAltar" channel.

@KRYMauL Not likely for China to export their system to other countries as China keep saying that their system is only suitable to China. Every other country must find a system that will work for them.
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Essentially when you say that the Chinese Government can look at the detail spending habits of the people in the whole country or either the 2 companies are able to see all the transactions of all the people in the country. It is also the same around the world because the whole world uses Visa and MasterCard and both Visa and MasterCard is able to see the spending habits of all the people around the world. They can then sell this data to respective companies to use for their marketing purposes. The other thing I think you missed out is that aparantly the Chinese Digital Yuan is also based on the Block Chain technology as far as I have read.
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Yes, I heard that in the USA it cost USD 5,000 a month for the insulin injection which is crazy. Big Pharma especially those in the USA always say “Don’t ask what is the cost of the cure of this person but what is the value of the life you save.” In this way they also hiked up one of the cancer treatment cost from USD 15,000 during the final testing stage to USD 500,000 just to value the human life that could be saved. This effectively make cures and health management out of reach for most people in the world.
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Even in the USA the intervener is not free. There is wide and heavy censorship of the internet in the USA. Facebook and Google were not chased out of China because they were getting difficult to handle. Facebook and Google was and is still promoting violence, regime change and terrorism within China. The Chinese Government asked Facebook and Google to assist them in their investigation as to the people who organised the mass killing of innocent civilians but Facebook and Google refused to assist the Chinese Authorities to investigate those perpetrators so that’s why these companies are banned in China.
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