Chinese distruption in block chain could affect your future.

The Chinese pursuit of blockchain

Hey there crypty bronye here and today we will be discussing a crucial node in the future history of cryptocurrencies,
maybe a whale is stirring the waters or some crypto-indian is tearing scalps off poor little pips, take a guess,

no you are wrong. well the world is battling CoVID-19 but China seems to have it under wraps, mostly..... you know it's funny and ironic that I am sipping tea steaming hot tea when China (where tea supposedly originated from) is slipping the ring unto blockchain's ring finger and i just gave the answer away, see before we go further i suggest you go get some knowledge on blockchain technology, because the foreseeable future is one that is void without blockchain. I am just so excited, I like to think the future I always imagined with my introduction to blockchain might be coming true. Actually, if you are a worker in China (a government agent in Shenzhen, Suzhou,Chengdu, Xiong'an) chances are you are receiving your wage payment in "Chinese sovereign digital" the gist is China has started trials of it's own digital currency and it is designed to counter weaponised dollar. imagine Iran had some way of countering the US sanctions, yes this is China's way of doing it, by having a sovereign digital currency there is a working and available alternative to the dollar settlement system so any treat of exclusion or sanction is blown off it's tracks. A quick search on your favorite engine will show you how the whole idea is puported to work and we aren't really going into that but we want to ask what does this mean for the other cryptocurrencies, you might remember that last year President Xi focused efforts on blockchain technology (the Chinese government has always been clear on it's stance - as pro-blockchain not pro-cryptocurrencies),and a lot of Chinese crypto currencies experienced massive gains resulting from the news, again the state has stepped up it's game about blockchain technology to support it's digital currency, and it has stated that this currency will not be open to speculation like other main stream currrencies, one might view it simply as a digitization of it's fiat currency, be that as it may how aggressive China pursues development and integration of this technology into it's project might make other world powers feel threatened or they may decide to nose in and see what good it harbours, either way this move by the Chinese government will bring about an upsurge in blockchain related learning, and skill acquisition. what this means for bitcoin and other altcoins is speculative but weigh more on favourable outcomes, why? A simple answer, what you are about to become - HODLers with expectations rising, and everyone hoping this move by the Chinese would cast the favourable looks of other countries on cryptocurrencies a lot of people would definitely buy coins for hodling, however most world powers have always been favourable towards blockchains and not the cryptocurrencies supporting them, but one only asks the obvious question -- what is blockchain without it's underlying cryptocurrency or let us say, tokens. The word is out there, China is pursuing blockchain to support it's projects and to gain an edge in the struggle for power, so it is obviously worth your time to gain some knowledge on the blockchain tech. if you don't mind you can check out my store here