[2016-01-20] China's central bank plans to launch its own digital currencies

[LiteCoinGuy]

China's central bank plans to launch its own digital currencies

China's central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers' control of money supply, the People's Bank of China (PBOC) said on Wednesday.

http://www.reuters.com/article/us-china ... SKCN0UY1JT


they will call it: Litecoin

[iFixBTCmemoryIssues]

China's central bank plans to launch its own digital currencies

China's central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers' control of money supply, the People's Bank of China (PBOC) said on Wednesday.

http://www.reuters.com/article/us-china ... SKCN0UY1JT


they will call it: Litecoin

Let me revise that for you, they will call it "Ourcoin"

The terms will be something like, "If you are interested in withdrawing money, we may, at any given time for no reason, deny you withdrawls for 1 year or however long, we decide - not you."

[LiteCoinGuy]

they could call it WorthlessShitCoin too. Just a suggestion

[iFixBTCmemoryIssues]

At the end of the day, China can think they can do whatever they want, the reality is they need to let the markets survive themselves and embrace the volatility.