Commiecunts CCP is finished.

[pvtpublic]

no lah ,crypto currency and SWIFT transfer are two different thingy all togather

SWIFT is an authentication system of real currency transfer...simply put if so much of money can be transferred, without physical notes ,certain authentication is a must ...that the bank indeed has so much money to back it and most importantly ,the receiving bank of SWIFT message must be guranteed its a genuine instruction from an originating bank ...so some kind of code peculiar to each financial institution is used

but had read even that was hacked ,where a Bangladesh bank was robbed a couple of hundred millions by a intermediary bank in Phillipines...I don't have the details with me

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.

 

[pvtpublic]

U high?

Let me apologize in advance for my bad French but...

ARE YOU FUCKING STUPID OR WHAT?

Again, pardon my French.

 

[frenchbriefs]

Let me apologize in advance for my bad French but...

ARE YOU FUCKING STUPID OR WHAT?

Again, pardon my French.

I tot u was making a reference to the movie trainspotting......my bad.

Yes I am stupid.

 

[frenchbriefs]

Nope, that is a fact and you don't know it. CCP will be doomed without US and they know it. That is why they are now begging for US to not to control capital flow of USD/HKD.

China may one day be the center of the world but not under CCP. If it were under Taiwan, maybe there is a chance. CCP and commiecunts can go fuck themselves in their dreamland.

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.

It is impossible to control the Chinese unless uh they choose to embrace cultural Revolution.

 

[Devil Within]

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.

It is impossible to control the Chinese unless uh they choose to embrace cultural Revolution.

Blah blah blah.... To equate China history with CCP is super dumb. CCP is not China. CCP are crooks that now rule China under bandit laws.

CCP is nothing compared to US. Continue with you day dreaming commiecunts.
14 hundred years of world dormination but still ended up as sick man of east in the end.
This goes to show that the world have moved on and progresses while CCP China still hunta kaki. No wonder commiecunts and CCP are still fucked.

This short video already put out the facts that why CCP are fucked. LOL!...

分析中國有多獨立或多倚賴國際 我對中美密會的猜測【patreon獨家影片預告】2020-06-14

 

[pvtpublic]

I tot u was making a reference to the movie trainspotting......my bad.

Yes I am stupid.

Apologies for the out burst. U almost ruined my wonderful afternoon.

Follow the context of the conversation I was in the middle of. Trainspotting can also reference as an idle observation of characteristics of events.

Hope this clarifies.

 

[Nice-Gook]

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.

LOL

so ,what will China's crypto currency be backed by ?

you see, currencies are backed by something valuable, e.g. Sing dollars is backed by a basket of other currencies ..currencies cannot exist in a vacuum

than the legality of crypto currency ...see the word ,legal tender,printed on your dollars ,it simply means it has legal implications ..in short ,you cannot say you will not recognise a singapore dollar in singapore ...of course ,you can say that to malaysian ringgit in singapore .
so is china gonna make crypto currency legal ?

the very most crypto currency can evolve into, say ,a non negotiable instrument but still who is going to peg the value which is internationally acceptable? ..

if china and Iraq, only need to trade and need some sort of measurement ,they can do it in either of their currency ,which ever is more stable or have an escrow account like a barter trade .
barter trade is still an acceptable norm in international trade

 

[pvtpublic]

That's a lie and u know it.....China will grow once it embraced capitalism and opened its markets.....with or without USA.....

It might take ten years,twenty years longer but it will eventually get there, especially when it starts to gain steam in the early stages and news of early success gets out and every Tom dick n Harry in the world wants to join the gold rush......all USA did was secure it's seat at the front row.

One day China will be the center of the world again just as it was for 1400 years from 0 a.d to 1400 a.d. and every country in the world from Asia to middle East to the west was beating a door to middle earth and begging for trade relations.

Dude a market economy is fundamentally at odds with a communist government (state control.)

Your vision will be correct if and only if China ditches their communist government for a democratic one. Where the allocation of resources is determined mainly by the markets and not the government.

The Soviet Union collapsed because the state was a poor allocator of resources. Xi Jinping is already threading the same path. If nothing else, he will be the downfall of China.

Maybe there will be a miracle and the communist government will trust the free markets to determine the direction of the economy. Maybe when pigs fly and hell freezes over.

 

[frenchbriefs]

Blah blah blah.... To equate China history with CCP is super dumb. CCP is not China. CCP are crooks that now rule China under bandit laws.

CCP is nothing compared to US. Continue with you day dreaming commiecunts.
14 hundred years of world dormination but still ended up as sick man of east in the end.
This goes to show that the world have moved on and progresses while CCP China still hunta kaki. No wonder commiecunts and CCP are still fucked.

This short video already put out the facts that why CCP are fucked. LOL!...

分析中國有多獨立或多倚賴國際 我對中美密會的猜測【patreon獨家影片預告】2020-06-14

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

 

[pvtpublic]

LOL

so ,what will China's crypto currency be backed by ?

you see, currencies are backed by something valuable, e.g. Sing dollars is backed by a basket of other currencies ..currencies cannot exist in a vacuum

than the legality of crypto currency ...see the word ,legal tender,printed on your dollars ,it simply means it has legal implications ..in short ,you cannot say you will not recognise a singapore dollar in singapore ...of course ,you can say that to malaysian ringgit in singapore .
so is china gonna make crypto currency legal ?

the very most crypto currency can evolve into, say ,a non negotiable instrument but still who is going to peg the value which is internationally acceptable? ..

if china and Iraq, only need to trade and need some sort of measurement ,they can do it in either of their currency ,which ever is more stable or have an escrow account like a barter trade .
barter trade is still an acceptable norm in international trade

China's crypto will be backed by the RMB, nothing too fancy there. It will simply facilitate the payment of bills between her trading partners (beyond Iran) if they are locked out of Swift. To borrow from history, a new axis of evil is forming (from the perspective of the almighty dollar)

Now what will the RMB be backed by? Gold perhaps? Rare Earth metals? Or a whole basket of metals? That will work for a while until America starts harvesting asteroids to crash the metals market.

This is purely a Gedanken Experiment of course.

 

[Narong Wongwan]

Since when did China dominated the world?
Bring up the Genghis Khan x Yuan dynasty logic again? Pray tell when did China rule the world? China had always been a closed country regarding rest of the world as barbarians

 

[eatshitndie]

no lah ,crypto currency and SWIFT transfer are two different thingy all togather

SWIFT is an authentication system of real currency transfer...simply put if so much of money can be transferred, without physical notes ,certain authentication is a must ...that the bank indeed has so much money to back it and most importantly ,the receiving bank of SWIFT message must be guranteed its a genuine instruction from an originating bank ...so some kind of code peculiar to each financial institution is used

but had read even that was hacked ,where a Bangladesh bank was robbed a couple of hundred millions by a intermediary bank in Phillipines...I don't have the details with me

nk stole from bangladesh.

 

[Nice-Gook]

China's crypto will be backed by the RMB, nothing too fancy there. It will simply facilitate the payment of bills between her trading partners (beyond Iran) if they are locked out of Swift. To borrow from history, a new axis of evil is forming (from the perspective of the almighty dollar)

Now what will the RMB be backed by? Gold perhaps? Rare Earth metals? Or a whole basket of metals? That will work for a while until America starts harvesting asteroids to crash the metals market.

This is purely a Gedanken Experiment of course.

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

 

[nightsafari]

nk stole from bangladesh.

awesome.

 

[nightsafari]

LOL

so ,what will China's crypto currency be backed by ?

you see, currencies are backed by something valuable, e.g. Sing dollars is backed by a basket of other currencies ..currencies cannot exist in a vacuum

than the legality of crypto currency ...see the word ,legal tender,printed on your dollars ,it simply means it has legal implications ..in short ,you cannot say you will not recognise a singapore dollar in singapore ...of course ,you can say that to malaysian ringgit in singapore .
so is china gonna make crypto currency legal ?

the very most crypto currency can evolve into, say ,a non negotiable instrument but still who is going to peg the value which is internationally acceptable? ..

if china and Iraq, only need to trade and need some sort of measurement ,they can do it in either of their currency ,which ever is more stable or have an escrow account like a barter trade .
barter trade is still an acceptable norm in international trade

nice gook. both you and me may be outdated. Crypto currency has no intrinsic value and no backing from governments or other currencies. The only thing I can understand is that everybody wants to be part of the latest tech craze. But there are a whole bunch of people willing to pour their life savings into it.

 

[Devil Within]

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

See how stupid you are still living in the past while the rest of the world have already progressed? Tsk tsk tsk....

Commiecunts still dreaming of the past and have not wake up to reality. What does CCP China have now that the west do not have? Oh wait, cheap slaves workers and no ethical business practice that do not honour signed contracts.

 

[nightsafari]

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

sorry to say this, but a lot of arguments lack critical analysis. The above statement you made is an example.

Chinese goods were in great demand. That's because they were technology leaders up until the Tang collapsed. Nobody else knew how to make porcelain, tea and even youtiao.

Then the whole of China was literally pwned by barbarians who had a good time with all the ladies. It went from technological leadership to a decline that it never shook off.

Now everything is made in China because nobody else will do it for those prices because of effective slave labour. People buying Chinese goods because they were the best in the world with nothing in comparison versus it's the cheapest because of cheap labour are 2 very different things.

I sympathize with your remark that it was the best for 1400 years. It literally was brought down by foreign barbarians and it has had foreign barbarians influence to this day. That's why it will never rise to it's pre-eminent level before.

 

[Nice-Gook]

nice gook. both you and me may be outdated. Crypto currency has no intrinsic value and no backing from governments or other currencies. The only thing I can understand is that everybody wants to be part of the latest tech craze. But there are a whole bunch of people willing to pour their life savings into it.

Yes I understand that ...but crypto currency had not reached the level of gold for example where any odd guy will accept it as a payment even though it has no value as a legal tended ..,perhaps in the future , we don’t know .,,until than crypto currency value as an interntional instrument for trade is nothing
there was a talk on this by the head of our Monetary Authority on this subject

 

[nightsafari]

Yes I understand that ...but crypto currency had not reached the level of gold for example where any odd guy will accept it as a payment even though it has no value as a legal tended ..,perhaps in the future , we don’t know .,,until than crypto currency value as an interntional instrument for trade is nothing
there was a talk on this by the head of our Monetary Authority on this subject

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.

 

[Devil Within]

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.

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.