Reply to post: Re: "And then there’s the Digital Yuan"

China all but bans cryptocurrencies

vtcodger Silver badge

Re: "And then there’s the Digital Yuan"

"As for blockchain, could someone please tell me how that non-scalable technology is going to improve any economy whatsoever ?"

It's a distributed ledger that doesn't depend on a single potentially untrustworthy authority. Somewhere in the wide world there should be some useful applications for that sort of thing.

But I'll be damned if I can think of an example. I don't think serving as a wrapper technology for what is basically Monopoly Money is one of them.

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