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Thread: WARNING: END OF AUD

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    Default WARNING: END OF AUD



    It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. China, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as China's official coin! The government of China just informed that they have chosen a preferred firm for the purchase and marketing of their new coin - YuanPay Group. The sales of China's coin officially started on 19 of February 2023 and currently these coins can be bought only from YuanPay Group. In fact, China deputy minister of finance, Liu Kun, informed that their new official coin stating price is just 0.07$ AUD! That’s right, the coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin, for example, trades at $24846,07 AUD at the time of this writing and Ethereum trades at around $1792,33 AUD.

    Sir Richard Branson stated: "Everytime a major corporation announces even a small partnership with an individual cryptocurrency, that coin’s value skyrockets. I can't wait to see what is going to happen when a government officially adopts a crypto. When the name of China’s coin is released, many people will become millionaires practically overnight."

    One of the key factors that has been affecting the AUD in recent news is the state of the housing market. The housing market in Australia is a major contributor to the country’s overall economic performance, and any changes in the market can have significant effects on the AUD. In recent months, there have been concerns about a potential slowdown in the housing market, which has led to a decrease in the value of the AUD. This has left many Australians on alert, as they closely monitor the housing market and any potential changes that could affect the economy and the value of the AUD.

    Another factor that has been affecting the AUD in recent news is the state of the Australian labor market. The labor market is a key indicator of the health of the economy, and changes in employment and wages can have a significant impact on the value of the AUD. In recent months, there have been concerns about a potential slowdown in the labor market, which has led to a decrease in the value of the AUD. This has left many Australians on alert, as they closely monitor the labor market and any potential changes that could affect the economy and the value of the AUD.

    Additionally, changes in global economic conditions can also affect the value of the AUD. The global economy is closely interconnected, and events in other countries can have a significant impact on the Australian economy and the value of the AUD. For example, changes in the value of other currencies, such as the US dollar, can affect the value of the AUD. This has left many Australians on alert, as they closely monitor global economic developments and any potential impacts on the AUD.
    https://archive.is/mmGtK#selection-731.0-741.490
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    Traditional currency is based on shared confidence, which is in turn based on central bank`s pegging policies, if refering to MMT, fiat money value is based on government treasuries and their power over tax. However, the virtual currency pegs on the freedom and the volitality of the virtual space itself. When China as a politically controlled economy, the virtual space is rigged by the government and therefore would put peoples digitalized property in danger, also chinese virtual money should not be compared to BT which is totally free. So chinese virtual money will be very much like chinese stock market. Not to mention the procedural fees government will charge through the "services", making virtualization another money magnet. You can also take the virtual space itself as a new currency to replace the old, as the new is pegged onto the virtual space and the old partially unpegged from the reserve, thus the virtual market partially replaces the function of the foreign reserves. Although one might think to partially unpeg from the reserves a good thing, but virtual money might be set afloat in the controlled virtual space, thus this could bring a great danger to peoples property rights, very soon people will find something has to be paid with cash and those ask for cash will be very expensive, because of the money will be partially drained away in the process of virtualization. Also do not even dream of the virtualization as a means to compete with USD, because chinese virtual market is highly controlled and rigged, it is even incompatible with BT, rather like a blackhole of BT coin.

    Nothing good about chinese virtual money, just a new suckle on chinese people. If the virtual market is not totally free, it will not have any real value, however when it is totally free, the market risk will also be the most reckless. Do not trust any one, even your parents on the virtual market, it is a free space for value also for deception, or deception being the supreme dictator there.
    Last edited by Hexachordia; 02-20-2023 at 01:11 PM.

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