
MacroVoices #289 Jim Bianco: Persistent Inflation/ Bond Yields/ DeFi
Macro Voices
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I Like We Chat Pay Better. Let's Make Them Worse
China has designs to have its own digital currency, the digital wan. They're probably going to roll it out at the winter olympics,. Then push real hard after the olympics to try and see if they can get adoption on that as well. The problem china's been facing is they've been testing their digital wan in china. Some of them are not discentralized enough so that one or two actors can exert control over them. But i would say this isn't necessarily a time for people to understand some early nineties concepts like Spend thi spend space. That got some plans for it but that's a tall order too. And there's more ideas
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