Which one is the centrally managed police state? Which one is the pro-innovation jurisdiction embracing open-source technologies and decentralized governance networks?
OK. I’m being a tad facetious. The reality is Chinese President Xi Jinping has severely concentrated power. In general, his government, with its Hong Kong crackdown and Uighur detention camps, has encroached upon people’s freedoms more than at any time since Mao Zedong’s rule. Also, the default assumption should be that China’s blockchain vision favors cryptographic backdoors, centralized master keys and transaction monitoring systems more than it does the permissionless, censorship-resistant ideals of those six blockchains – Ethereum, Tezos, NEO, Nervos, EOS and IRISnet.
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
Nonetheless, the contrast between