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Commiecunts CCP is finished.

nightsafari

Alfrescian
Loyal
The idea of this crypto thing is great. It is just that, a great idea. Nothing more, nothing less.

For it to be truly useful, it has to be accepted as tax payment for whatever countries. Until then, it is only dikum dikum on cyber world and have no real value in the real world where you have to pay tax.
good point about tax. but if I can't use it as you say and I agree, it's just an expensive toy. a boondoggle. And I've seen people lose life savings over it. really shake my head.

oh. and since I'm here. I just wanted to voice support for your chosen 4 sig lines.
 

Nice-Gook

Alfrescian
Loyal
there are a LOT of odd guys who will accept it. Maybe not in SG, but in those "tech-savvy" countries, people boast about their bitcoin wallets. Sometimes have to be grateful for MAS.

For what it's worth, I think it's just dumb.
this is the take of crypto currency by the MD of MAS...there was a talk a lot more extensive on the subject but no video ...pretty much what I am saying here

 

pvtpublic

Alfrescian
Loyal
You are bit confused it seems over SWIFT and currency ...currency is a legal tender of payment whreas SWIFT is a one of the method of swiftly transferring that currency , not physically but by an book entry

to put it simply ,say a millionaire buys a ton of your product and has no money in pocket .,but signs an IOU ,which you accept since you know he is a millionaire with big big house ...than you buy something from your neighbour and no money to pay ,so you give the rich man IOU to him , he too accepts as a payment ..now ,that is a negotiable instrument because you and your neighbour knows that IOU is backed by a big big house ...but it’s a not a legal tender and you cannot force that as a payment to some one who refuse to accept that IOU

please understand this basic before we dwell further

Trying to digest. Can u explain what happens if China is locked out of Swift? How would they transfer currency without Swift?
 

Devil Within

Alfrescian (Inf)
Asset

No use. In order for any international system to work, it has to first be transparent, next, there must be a strict application of a clear and defined law and regulations. Also, strict and trustworthy enforcer for this law and regulation. Without these very basic fundamentals, who will be willing to trust this system? CCP has time and again proven to be a snake with no honour of words nor contract. Not all people are not stupid. There may be some in this forums who are dumb as fuck, but not everyone in the banking system.

Also,, CCP's CNY is not transparent and cannot be compared to USD. CNY from what I understand is not a free floating currency hence it cannot be exchanged freely. They need HKD to enter into international market. That is why they are so freak out when US says they will be restricting flow of HKD.
 

pvtpublic

Alfrescian
Loyal
No use. In order for any international system to work, it has to first be transparent, next, there must be a strict application of a clear and defined law and regulations. Also, strict and trustworthy enforcer for this law and regulation. Without these very basic fundamentals, who will be willing to trust this system? CCP has time and again proven to be a snake with no honour of words nor contract. Not all people are not stupid. There may be some in this forums who are dumb as fuck, but not everyone in the banking system.

Also,, CCP's CNY is not transparent and cannot be compared to USD. CNY from what I understand is not a free floating currency hence it cannot be exchanged freely. They need HKD to enter into international market. That is why they are so freak out when US says they will be restricting flow of HKD.

Ok I was just wondering what options China would have for trade settlements if they are really kicked out of the Swift system. Need the finance guys' input on this. From what I understand from the article, it's a 2 part system for sending money, first the Swift message is transmitted followed by the transfer of funds separately.

Wouldn't their own crypto currency bypass the need for a 2 part system? In fact it would be more efficient.
 

redbull313

Alfrescian
Loyal
U know for 1400 years,China goods were in demand all over the world?the whole world sought to trade with China,everything from luxury to technology.....porcelain silk tea etc,China made tempered iron 1000 years even before the west figured out how to do it......west had nothing,they were barbarians.

Now we are seeing the same thing all over again.everything made in china

what a crock of shit cheap crap that no one wants fuck china
 

laksaboy

Alfrescian (Inf)
Asset
Everything made in China because labour is (was?) cheap, and totalitarian shithole exploits workers in sweatshops.

One of the reasons why China was allowed to join the WTO was the ang mohs (on hindsight, foolishly) thought that by letting the commies prosper through free trade, they would discard their old ways and become civilized members of the world community. It is beyond debate that did not happen, and China is in fact a national security threat to every other country on the planet.

But no worries, China will get regime changed. Expect changes on the map. :cool:
 

laksaboy

Alfrescian (Inf)
Asset
people inside china now turn against their own party soon communism gone

Most of the people inside China have been utterly brainwashed since young, like Sinkieland's National Education but on steroids with bigger revisionist accounts of history.

They also live behind a Great Firewall, and their social media platforms (Weibo, Wechat) are heavily censored, critical comments usually get deleted quickly, so only the 'positive' comments are visible.

And a lot of them, even if they managed to get out of China, they only get their information from Sina, Weibo etc. So, although physically they are no longer bound by the Great Firewall, mentally they still are trapped in their gulag back home.
 

redbull313

Alfrescian
Loyal
Most of the people inside China have been utterly brainwashed since young, like Sinkieland's National Education but on steroids with bigger revisionist accounts of history.

They also live behind a Great Firewall, and their social media platforms (Weibo, Wechat) are heavily censored, critical comments usually get deleted quickly, so only the 'positive' comments are visible.

And a lot of them, even if they managed to get out of China, they only get their information from Sina, Weibo etc. So, although physically they are no longer bound by the Great Firewall, mentally they still are trapped in their gulag back home.
they follow the leader no concept of what is real
 

tsang

Alfrescian
Loyal
CD978D2E-2B4C-46A3-AEDE-D0A2737B05D0.jpeg


下一個梗係搞新加坡喇,個政府咁乃共,正正就係共產黨奴才
 

JohnTan

Alfrescian (InfP)
Generous Asset
The chinks just killed some kelings and took over their territory.


China ruled the world for 14 hundred years before USA even existed.

It doesnt matter whether China is under CCP or not,all Chinese cities and civilisation eventually becomes rich and rise to the top......China is like the equivalent of 100 Hong Kong's Taiwan's and Singapore's put together.chinks love money u see and nothing can stop us until we own the world.

Did Russia or Europe or Persia take chinkland's orders during those 14 hundred years?
 

Hypocrite-The

Alfrescian
Loyal
If China's quantum encryption as good as they say, they can by pass SWIFT and use RMB crypto direct with their trading partners like Iran.
It seems the CCP is already bypassing the SWIFT code issue with their alipay etc. Its just a matter of time b4 ah tiong land can overcome these ang mor restrictions
 

Hypocrite-The

Alfrescian
Loyal
Most of the people inside China have been utterly brainwashed since young, like Sinkieland's National Education but on steroids with bigger revisionist accounts of history.

They also live behind a Great Firewall, and their social media platforms (Weibo, Wechat) are heavily censored, critical comments usually get deleted quickly, so only the 'positive' comments are visible.

And a lot of them, even if they managed to get out of China, they only get their information from Sina, Weibo etc. So, although physically they are no longer bound by the Great Firewall, mentally they still are trapped in their gulag back home.
Singkies overseas also sama sama. Loves to read shitty times
 

tsang

Alfrescian
Loyal
唔洗swiftcode又點啊,人仔根本就唔係國際交易貨幣,結果咪係要用返美金黎交換...

屌!正廢柴
 
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