Why China's Digital Currency Doesn't Matter

Audio editing by Eric Schneider
Motion graphics by Vincent de Langen
Everything else by Evan

This includes a paid sponsorship which had no part in the writing, editing, or production of the rest of the video.

Video supplied by Getty Images

[booper]

We all know zimbabwe dollar will take over

[secondfinance]

Next video on Wendover Productions:
The Logistics of China’s Digital Currency

[ihavetowaitdaystochangem]

Why would we need a Digital Yuan to replace the US Dollar if we already have Robux?

[ChrMuslimThor]

The puppet for the Netflix profile was a nice touch.

[WanderTheNomad]

"The world chooses the dollar because of its stability, liquidity, and transparency."

So like ice?

[thomasnoh]

Imagine the solution to money was making it not real and giving it an expiration date.

[neonbunnies]

9:27 Hold up is that train going *though* a building? That seems both extremely cool and extremely dangerous

[breadman]

If fiat currency is only worth what the government says it is, then digital fiat currency is only worth what the government says it is to you. Fiat currency with a built in off switch. Make the government mad? Goodbye savings.
USD can still be individually spent without anyone's permission.

[vishnuprasadbh]

Corruption can never be taken out of the system, it just takes different form .

[Ushio]

I expect criminals in China to adopt the bling standard then, buy gold jewellery and use that as currency between themselves with only a fraction being converted to digital currency by selling it when needed.

[LeoN-wcod]

I saw no difference from the beginning, only more surveillance.

[faence]

The digital yuan can't even replace the regular yuan

[atari]

I live in China, the digital yuan was launched a few weeks ago and chinese citizens can already put money into it. it's a bit confusing to set up though and not a ton of people are using it or care, at least for now

[nahx]

"If this sounds revolutionary.."
*One solar flare would like to know your location*

[hgbugalou]

A purely electronic form of cash bound to one of the most authoritarian government on the planet. What could go wrong?

[Huntracony]

Interesting system: clickbait thumbnail, honest title.

[khalilsherwani]

The Xi reference with the Winnie the Pooh is hilariously good

[wubs]

You guys should upload the audio of your videos on spotify, i would like to listen to these.

[patrik]

Thanks for linking straight to the Nebula episode. So much easier to get to it from here.

[whats]

"There will be nowhere for corrupt politicians to hide"
Allow me to press X, repeatedly.