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All things in the political arena︱Lian Dengzi laughs at not knowing Bitcoin Shi Yongqing: I know enough to deny it

2021-01-17T06:29:18.910Z


Shi Yongqing, the founder of Centaline Real Estate, wrote an article in the newspaper “AM730” founded by him on Friday (15th) that “Bitcoin lacks the characteristics of currency”, questioning Bitcoin's lack of universal circulation capacity and lack of


Political situation

Written by: Wu Zhuoan

2021-01-17 14:22

Last update date: 2021-01-17 14:23

Shi Yongqing, the founder of Centaline Real Estate, wrote an article in the newspaper "AM730" founded by him on Friday (15th), "Bitcoin lacks the characteristics of currency", questioning Bitcoin's lack of universal circulation capacity and lack of the most basic of currency The trait once again pointed out that "Selling a bowl of wonton noodles is only tens of Hong Kong dollars, and a unit of Bitcoin is tens of thousands of dollars. It is very risky to use real banknotes to redeem it." "Lian Dengzi" questioned "Shi Yongqing's understanding of Bitcoin." The mistake is so serious."

Regarding the questioning of "Lian Dengzi" caused by the article, Shi Yongqing responded today (17th): "I don't know (Bitcoin) well, but what I know is enough to deny him." He added: I don’t know if it’s virtual or not, but it’s not circulated, and there is no way to buy and sell. Once circulated, it will be banned by the government."

Lian Dengzi criticized ``Do you think it really is a coin?''

Shi Yongqing mentioned in a column that Bitcoin broke the $40,000 mark. Some readers asked him whether he should add Bitcoin to his investment portfolio. He forgot that he should not invest. Although Bitcoin is called "coin", it lacks currency. Due to its characteristics, it can't perform the function of currency at all. It can even be classified as "counterfeit currency" and may be banned by the government at any time.

He also questioned that the designers of Bitcoin were deliberately asking people to "mining" on computers to create Bitcoin. The process involved not only energy, time, and electricity, but no practical value was created. Come out, "its greatest function is to do black market transactions and evade government supervision."

"Lian Deng Tsai" published an article in the Lian Deng forum on "Shi Yongqing's Understanding of Bitcoin Is So Seriously Wrong", questioning Shi's lack of understanding of Bitcoin. Some netizens admitted: "Did you think they really belong to coins?", " Bitcoin is not a currency...it is just an intangible commodity."

However, some people support Shi Yongqing, saying that Shi only means that the price of Bitcoin is unstable, and trading as real currency is risky.

Shi Yongqing questioned virtual currency as unlimited supply

After attending a forum to discuss the Regional Comprehensive Economic Partnership (RCEP) today, Shi Yongqing said: "I don't know (Bitcoin) well, but what I know is enough to deny it." He explained that the key to the Bitcoin problem There is no currency function. "They are virtual or not one by one, I know, but they are not circulated, and there is no way to buy and sell. Once they circulate, they will be banned by the government."

He pointed out that one of the important functions of the government is to issue currency, which is like printing counterfeit money.

He also believes that currency is characterized by a limited supply, but in addition to Bitcoin, there are also Ethereum, Litecoin, etc., and believes that virtual currency "is basically an unlimited supply."

Shi Yongqing (middle) pointed out that currency is characterized by a limited supply, but in addition to Bitcoin, virtual currencies also include Ethereum and Litecoin, which are "infinite supply at all."

(Photo by Wu Zhuoan)

Talking about dual citizenship: as the central government’s countermeasures,

In addition, it is rumored that the central government will prohibit Hong Kong citizens holding BNO from serving as public officials and prohibit dual nationality. Shi Yongqing analyzed from a macro perspective and pointed out that the relevant problems are related to the degree of friction between China and the United States. The boundary between the enemy and the enemy will be very clear, and the country will require its citizens to be loyal to the country.

He continued that in the early days of the reunification, the central government handled the issue of dual citizenship in a more relaxed way, hoping that most Hong Kong people and even foreigners would stay and play Hong Kong's special functions, including financial functions, but now these functions are restricted and cannot be used. "Well, if you leave the foreigners to oppose the central government, then you are not a Hong Kong citizen and you are not allowed to save."

The Regional Comprehensive Economic Partnership Agreement (RCEP) was signed by 15 countries at the end of last year, including China, Japan, Australia, and New Zealand. Shi Yongqing believes that in the past few years, economic deglobalization has occurred and the United States and other countries have developed nativism. However, Australia and New Zealand, members of the Five Nations Alliance, also joined RCEP. They believe that this phenomenon represents resistance to globalization. They also believe that Australia and New Zealand, as the Five Eyes Alliance countries, closely follow the United States in political terms, but are closer in geography. Asia, coupled with the fact that the two countries are also large in land and small in population, their economies depend on exports. They account for nearly 30% of the global GDP in RCEP member countries. We believe that Australia and New Zealand will not be economically far away.

Cai Suyu (third from left) thanked the central government for giving Hong Kong the "National Security Law."

(Photo by Wu Zhuoan)

Cai Suyu: Thank you central government for helping us in Hong Kong's "National Security Law"

Representative of the Hong Kong People’s Congress and the Democratic Alliance for the Betterment of Hong Kong Cai Suyu thanked the central government for implementing the National Security Law in Hong Kong, which helped stabilize Hong Kong’s society in the past few months. At the same time, the country launched the Greater Bay Area Guidelines and signed the RCEP. , Don’t politicize everything.

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Source: hk1

All news articles on 2021-01-17

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