Meraglim Blog

China Wants a National Blockchain. Big Brother is Watching Cryptos.

Facebook
Twitter
LinkedIn

We’ve said frequently that we distrust most (not all) cryptocurrencies. We’ve also made the point that governments don’t go down without a fight and will not stand by while cryptocurrencies undermine their monopoly on money printing and monetary policy. Finally, we’ve also said that blockchain technology, what we call distributed ledger technology or DLT, has a bright future even if the cryptocurrencies built on DLT do not.

Now all three of those points have converged in a single development as reported in this article here. China has announced that they will develop national blockchain standards. No doubt those standards will include ease of government monitoring of message traffic on government approved blockchains.

The next step is for the Chinese central bank to create its own cryptocurrencies, which is the subject of this article. So, blockchain and cryptocurrencies may be here to stay but they will be built to state specifications and controlled by the state.

China already imposes massive censorship on internet traffic. (I know… because when I visit China, my twitter account, @JamesGRickards, goes dark and I cannot use it while I’m there). Now China will use the same tactics when it comes to cryptocurrencies.

Other nations cannot follow China’s lead on internet censorship, but they will follow China’s lead on cryptocurrencies. Last week the head of the IMF, Christine Lagarde, said the G20 governments should “fight fire with fire” by using government blockchains to monitor and control private blockchains.

It sounds like China and the IMF are on the same page. The rest of the world will not be far behind.

QCI and Meraglim Join Forces to Deliver Capital Markets Risk Analysis Powered by QCI’s Mukai Quantum Computing Software Platform

LEESBURG, VA, December 1, 2020 – Quantum Computing Inc.(OTCQB: QUBT) (QCI), the technology leader in quantum-readysoftware development and execution, and the only public pure play in quantum computing, has partnered with Meraglim Holdings Corporation to deliver advanced capital market risk analysis powered by QCI’s performance-leading Mukai™ quantum software development and execution platform. As an industry leader in predictive analytics, Meraglim was the first

Read More »

IF THE SCIENCE IS NOT ON YOUR SIDE, JUST TRY THREATS

It’s clear that good science does not support the extreme claims of the climate alarmists. Yes, there is such a thing as climate change, but it’s slow, difficult to predict and almost impossible to model because of the complexity of the process. The climate alarmists have grabbed most of the headlines for the past ten

Read More »

WHY TRUMP WILL WIN REELECTION: NOT POLLS OR PUNDITS; JUST COMMON SENSE

Political analysts use polls, betting odds, historic trends and other inputs to make their (usually wrong) political predictions. We all remember that “experts” said Hillary Clinton would win the presidency in 2016 (they gave her a 92% chance on the morning of the election), and that the UK would vote to “remain” in the EU

Read More »

HERE’S ANOTHER ELITE WITH ANOTHER PLAN TO TAX AWAY YOUR WEALTH

The elites never rest when it comes to devising new ways to take your money through taxes, inflation or outright confiscation. The latest Trojan horse the elites are riding to take your money is climate change. The climate does change over long periods of time for reasons that are not well understood except that they

Read More »
Scroll to Top