The Nebula / CuriosityStream bundle is no longer active. Instead, you can sign up for Nebula directly with my discount now for about $2.5 a month with a yearly plan, which includes Nebula Originals AND the whole Nebula Classes platform, too, including my own class. Sign up here: go.nebula.tv/techaltar

@leapdrive

3 жыл бұрын

Best way for China to steal their people’s money.

@LateNightSummerRain

3 жыл бұрын

By the way put a caption for mute and deaf viewer 🤦🏻‍♂️

@leapdrive

3 жыл бұрын

@@LateNightSummerRain , that’s Chinese for “I’m so stupid.”

@1World1Humanity

2 жыл бұрын

I agree with almost everything he says except "atrocious human rights record of the Chinese government... or having an opinion that the government doesn't agree with" - he needs to study Chinese history thoroughly to understand why Chinese people comprises 1/6 of humanity... Population growth can only occur in times of peace and property... He may be digitally literate but he is history illiterate...

@ariekrampf2992

2 жыл бұрын

⁰

I follow a lot of tech channels but somehow Techaltar always manages to cover super interesting topics that no other channel covers.

@laxmandeadpool8260

3 жыл бұрын

True

@ingmar89

3 жыл бұрын

I know right

@proCaylak

3 жыл бұрын

indeed and that allows him to go at his own pace

@nimittpatel9236

3 жыл бұрын

Ever heard of yt channel named 'Technical Guruji'?

@laxmandeadpool8260

3 жыл бұрын

@@nimittpatel9236 yeah Famous for embargo

The amount of time we spend believing we can't is more than enough time to learn how you can. - my Brain

@lucusjames9892

2 жыл бұрын

That's truth

@sapiloogheneochuko2246

2 жыл бұрын

option trading is the future Investment, investing in it will be the wisest thing to do

@victoriaouellet4999

2 жыл бұрын

Am new to trading and my presumption is that I'll be needing an expert to guild me through the process of trading . But am a bit curious about get one.

@lilywatson8460

2 жыл бұрын

Trading has a newbie is quite stressful and discourage. I have watch alot of KZread videos trying to trade on my own but end up blowing my account

@hauwaahmad9606

2 жыл бұрын

Who's this professional Expert Lucy Griffin everyone talking about

I used to be a reporter who covered Central Bank Digital Currency and you did a great job explaining it here, glad it’s getting the exposure it deserves!

@TechAltar

3 жыл бұрын

Glad to hear I didn't mess it up then! 😅

@Elliotgn

3 жыл бұрын

@@TechAltar you definitely didn’t! Also glad to see you criticise SWIFT, they’re so outdated and engage in many questionable practices and it’s insane that our banking system relies on them so much yet nobody knows what they are. Also I hold a personal grudge because I once spent 2 hours on the phone trying to get a quote from them 😢

@Elliotgn

3 жыл бұрын

@@TechAltar if you want to know more about CBDCs I’d recommend having a look at the eKrona in Sweden, their research into the economic impacts is very extensive considering how small the country is, and they were one of the pioneers in thinking about CBDCs

@TechAltar

3 жыл бұрын

Thanks, I'll look it up if I have a bit more time!

@swingyflingex3458

3 жыл бұрын

That's awesome man. Anything in particular you suggest reading?

China effectively booted out the middlemen in order to be the middleman. I have always wanted to understand how this whole crypto trading thing works and all but I haven't just figured it out yet.

@brandonalbin2450

2 жыл бұрын

All you have to do is conduct some research and hire an expert trader because many people make a lot of money trading crypto, Nft, stocks, and other financial markets. Trading cryptocurrency was how I made my first million dollars.

@rebeccaings2845

2 жыл бұрын

Without prior knowledge, trading on your own can be dangerous; you could lose all of your money. I urge that you seek expert help because you will not be concerned about losing money and will learn more as a result.

@ej372

2 жыл бұрын

@@rebeccaings2845 I'm certain I'll require the assistance of an exp ert. Is there anyone that can give me a solid recommendation that I can lookup

@rebeccaings2845

2 жыл бұрын

@@ej372 George Wesley Oliver, is a qualified broker, a very reliable portfolio manager, and an Expert Trader. He has made a lot of money for me and I have successfully withdrawn money from my account, therefore he is really trustworthy and genuine.

@brandonalbin2450

2 жыл бұрын

@@rebeccaings2845 I know George Wesley Oliver, and he's not like other brokers who start telling you stories and making excuses for why the trade didn't go as planned after you've paid them.

Let me just say, when you upload a video, I usually stop whatever I am doing and watches it. I LOVE your content so so much! And I am very sure that I am not the only one who does it.

@rudraxx

3 жыл бұрын

Same. I usually turn on DND and put the video quality to highest.

@mike.camille

3 жыл бұрын

You're not

@Bendzsike

3 жыл бұрын

Can confirm, stopped to make out with my gf as soon as I saw Martin uploaded a new video.

@mike.camille

3 жыл бұрын

@@douginorlando6260 either way it's still in the hands of a few. Pick your poison.

@matpk

3 жыл бұрын

suggest compare 1930s Nazi Germany Vs 2020s Communist China in your next video

Meanwhile my country is releasing new bills to replace older ones, gotta love that third world

@wilkinlow

3 жыл бұрын

I remember a story in my country about some old granny money got eaten by termites which she had saved for 50 years lol

@pcm1011

3 жыл бұрын

@@wilkinlow lmao don't remember me that. All of my savings are in those older bills but they will soon become obsolete so I'll have to change them at the bank.

@mateowang6570

3 жыл бұрын

May I ask which country you are from?

@TaintedFaith88

3 жыл бұрын

Sounds like USA

@mitriablue

3 жыл бұрын

same dude , fcking backwards shitt

State-owned Enterprises or Enterprise-owned States, take your pick.

@NA-ck6cz

3 жыл бұрын

Every state is controlled by it's ruling class. So state-owned sounds pretty good in a society where the common people hold power, like in China.

This is kinda like the UPI(Unified Payment Interface) system we've got in India, well UPI is not a digital currency, but just a payment method, linking our bank accounts with a virtual payment address, opened with third party apps like GooglePay, JioPay, SBI Yoni, etc It's actually pretty convenient using UPI with QR codes for payments. UPI was started by NCPI(National Payments Corporation of India) which is owned by banks and those third party participants, along with the Reserve Bank of India, so I guess the data is being collected by the govt. here too....

Really great to start see this channel differentiate itself from all the others, with the broader motivations surrounding new tech.

you and Rene Ritchie were only youtube tech channels I used to subscribe notifications from, now it's just you. hopefully your content will stay as good as it has been for the past several years.

I really like the direction you're taking this series, more like mini documentaries. Keep up the good work!

Best pronunciation of “yuan” I heard from a foreigner to China. 👍

@samuelflg607

3 жыл бұрын

he knows mandarin

Very well researched, I greatly appreciate the effort! Super interesting topic

@TechAltar

3 жыл бұрын

Glad you liked it!

@kenim

3 жыл бұрын

This was the most interesting “China Insider” topic I have come across so far.

The reasons of China government had the talk with Jack Ma and halted the Ant IPO: 1. Jack Ma was trying to issue ABS through the Ant Group, the same financial product brought 2008 financial crisis. And he could have done it with Alipay, which could create celestial level of risky asset. 2. He was asking the government to loose the regulation on the internet corps' new financial product.

@fauxhound5061

3 жыл бұрын

got a source?

@alwang31

3 жыл бұрын

@@fauxhound5061 www.reuters.com/article/ant-group-abs-shhex-1125-idCNKBS28509U zhuanlan.zhihu.com/p/307914864 Not much materials in English though, I can only find some partially summarized articles in Chinese. The Ant Group has already issued 3 ABS, which have created around 1:100 leverage ratio since 2017. That is, 3.8 billion RMB to more than 300 billion RMB. And Jack Ma wanted more. In China, people say Jack "become the dragon he once wanted to slay".

@theOverseasJin

3 жыл бұрын

@@alwang31 It would've been like the 2008 financial crisis all over again somewhere down the road had the CCP not stepped in.

@madsam0320

3 жыл бұрын

@@theOverseasJin Also a conduit for black money.

@archangel7052

3 жыл бұрын

Capital must not control the government.

2:58 I don't understand how merchants can simply refuse to accept cash. Isn't cash also a legal tender in every country? If they can do that, then they can also refuse to accept DCEP, can't they?

@TechAltar

3 жыл бұрын

You are right, they should in theory not be allows to refuse it, but the government hasn't cracked down on the practice hard offline so far, plus it's a little harder to monitor every last dumpling stand across the country, especially when they can just say "sorry, I don't have any change right now. Do you have Alipay?" The thought is that enforcement online should be easier as there are fewer merchants and its easier to track what payment methods they do or don't accept

@cyzcyt

3 жыл бұрын

People are already refusing cash. Even in the west. It's like when you get a Uber and you have to pay through the app. The app's gateway basically forces users to use only those approved options. When there is no cash option, you are forced not to use cash. Ie: you can't just order a Uber and then pay the driver directly with cash. It's the same here in China. Except imagine not just limited to ubers or e-commerce. Imagine like going to a small street food truck type shop, and they ask you to pay them using their QR code. You are probably already using a system like this, which cash is refused but you aren't aware of it. Like my town's public bus system would only accept exact change in coins. Or you could go get a prepaid card from the station. Bus drivers would refuse to give back change. Or use any other payment methods

@bumbiedumb

3 жыл бұрын

Simple, because cash has alot of counterfeits. Nowadays nobody uses cash there, if some shady dude shows up to buy with a stack of cash. You will think somethings is up. Counterfeits in china are very hard to tell the real from fakes. Another reason is laziness, collect cash and you will need to travel to bank it in. No other place likes using cash so why accept it in the first place?

@captainheat2314

3 жыл бұрын

@@bumbiedumb counterfit digital currency also exists with credit card theft to cryptocurrency back to another card

@shivam-aggarwal

3 жыл бұрын

@@TechAltar Wouldn't use of a system like UPI be more useful for stated objectives rather than creating a new currency? How could a govt force citizens to use it's digital currency instead of mobile apps which offers Cashback and other exciting offers?

saw the thumbnail and TOTALLY thought it was a Polymatter video

@oliverspiler9101

3 жыл бұрын

🤣

@InventorZahran

3 жыл бұрын

PolyMatter does do a lot of videos about China's economy...

@user-vv7ir1pl4j

3 жыл бұрын

@@InventorZahran it does one ok china every 3-5 vids just to take a steaming shit on it

I live in China. The major flaw to mobile payment is that it relies on you having battery. Which is not always the case at 2 AM after a night out. That's why I still use my contactless debit card in the UK even though I predominately use QR codes in China. I also carry a transport card now as backup in case my phone battery dies.

@HAWXLEADER

3 жыл бұрын

Technically, you could have contactless cards in crypto as well.

@walden6272

3 жыл бұрын

You don't need batteries in the future. You will be the battery, if Matrix is right. :)

@chiriko7335

3 жыл бұрын

In the future you could always use facial recognition payments as a backup

@deanswift9132

3 жыл бұрын

The Scamdemic is being used here to condition the population to using QR codes all day, every day. They’ve implemented compulsory QR check in for every business. We’re being prepped for the Chinese system.

@christianpearson7108

3 жыл бұрын

@@deanswift9132 to condition ppl to get used to contactless, this is as clear as day but youll get called a conspiracy theorist for pointing this out.

Here in the Nordics paper currency is rarely used. I don't even remember the last time I used any. Additionally, the government can and does scan everyone's bank accounts, and they'll quickly send you a tax bill or cut benefits if you receive money from someone. China doesn't sound that much different in practice.

@cyzcyt

3 жыл бұрын

That's insightful

@lookingforsomething

3 жыл бұрын

There's a huge difference. The biggest one is that China doesn't do things for the benefit of its citizens it does it for the best of the party leadership. Good tools in the hands of the corrupt leads to terrible results.

@lordkekz4

3 жыл бұрын

WTF how are there not protests against this?!?

@syarifht5929

3 жыл бұрын

@@lordkekz4 because they implement it very well and their citizen is well educated too unlike ur country

@andrewgwilliam4831

3 жыл бұрын

@@lordkekz4 As I understand it, the Nordic countries are transparent about who earns what, and pays what income tax, so in that context it probably makes perfect sense.

*Poor mindset immediately sees a surplus as an opportunity for consumption.* *Rich mindset seeks to spend their time,* *Resources,* *And energy on work that continues to pay off long after the effort has been invested.*.

@samuelteddy.439

3 жыл бұрын

That's true.

@samuelteddy.439

3 жыл бұрын

Anyone who is not investing now is missing a tremendous opportunity.

@bevylake3623

3 жыл бұрын

Yes. It's better to take risk and make sacrifices than to remain poor or settle for less..

@bevylake3623

3 жыл бұрын

investlng in financial_market is what all rich people do. This is not a living but to grow our portfolio.

@patersondavis3858

3 жыл бұрын

I have got to understand now that. A lot of Americans don't even think about investlng little of there money and then grow there portfolio instead they wait for NFP every first Friday of every month hoping there are more employment. You guys are getting it all wrong. Start investlng.

music is a bit too loud imo

@onebeastchris

3 жыл бұрын

It really is, especially noticeable if watched in a faster speed

tech is sucha prevalent factor in China's lifestyle, like they use their phones to replace so many things (e.g. wallets, bus passes, etc.)

@underhorse5367

3 жыл бұрын

Not a good thing for old people unfortunately

@xuchen4012

3 жыл бұрын

@@underhorse5367 The regular one, like bus pass, still works.

@deezeed2817

3 жыл бұрын

This is also a trend in the west. People will inevitably choose convince over old technologies. Furthermore it is more secure to carry a digital wallet which does everything than a real wallet which can be lost or stolen.

@chaoli6395

3 жыл бұрын

@@underhorse5367 LOL, the adaptability of Chinese old people even surprised me

@benbentan4005

3 жыл бұрын

@@underhorse5367 but young is the future.

The best one yet! Great content man.

Great video as always. Just a point, please reduce the volume of ur background music while you talk coz that's obtrusive.

This was very good, maybe one of your best works!

you put so much effort in a single video. 👏👏

@TechAltar

3 жыл бұрын

Glad you are seeing it :)

Excellent work with this. Hope it gets out to a lot of eyes. Well done.

Great video. Very well researched and incredible video editing!

@Tobey_318

Жыл бұрын

Let me show you how, DM let's talk about investment👆👆

Basically this is just cash with government tracking. Instead of just alipay / wechat. If anything, most likely the fintech companies will be forced to use the system and now all three will be tracking. It's not like the fintech is going to be able to operate out of the loop anyway

@helengyang

3 жыл бұрын

NO, digital currency is a new sovereign currency issued by the country, Alipay/WeChat is a currency payment method, the two are completely different

Get rid of swift is a good thing. Which is centralised in US.

@nehcooahnait7827

3 жыл бұрын

Yeah but decentralization isn’t exactly good

@astartes8621

3 жыл бұрын

@@nehcooahnait7827they're just centralizing to their own country lol.

@Tofu3435

3 жыл бұрын

The world is changing I feel in the force

@jakewest6273

3 жыл бұрын

@@astartes8621 exactly. Let each country control their own currency. Why should Swift aka US control and use it to spy on others?

@cassius_eu5970

3 жыл бұрын

@@astartes8621 Yeah, which is miles better than a hostile power like the US controlling every other country. Let every country control itself.

My country also do this, Indonesian government make some regulations regarding digital payment app mostly local companies like dana, ovo & gopay. I once help my family member set their account and they need to take a selfie, a photo of ID card (isued by Civil registration for every citizens), phone number (every mobile phone number require registration with ID number too). So this regulations pretty much normal here, everyone with OVO, DANA or Gopay account do same thing. Their justification is to prevent fraud because it's working like bank account, people just transfer their balance from normal bank to this app for convenience.

Investment is very good and necessary

@ednerklax4456

3 жыл бұрын

I trade my bitcoin and other crypto currencies with a broker and make lots of profit that's my investment

@houstonlamer1731

3 жыл бұрын

Because of the market fluctuating price, Investing in online trading now will be the wisest thing to do especially that it's very profitable

@houstonlamer1731

3 жыл бұрын

Online trading is really profitable as an investment

@luckiestjames7254

3 жыл бұрын

I know its wise to invest in bitcoin but as the price is rising its likely to fall, so I am afraid of investing

@queenjones5692

3 жыл бұрын

Trading experts are not easy to find

Background music seemed very loud and distracting in this episode. Otherwise excellent content as usual.

@shreevari

3 жыл бұрын

It gave a good effect though

@vratikranka8960

3 жыл бұрын

Seconded! Don’t get me wrong, the video is great but lower volume of BGM would just enhance the experience. Kudos!

@Kai_Squared

3 жыл бұрын

i agree! it makes me stop watching the video. i've tried to watch it 3 times and had to stop midway cuz i cant stand the music

@mark-ish

3 жыл бұрын

@@Kai_Squared 😄❄😉

i just love your ability to segue to a sponsor segment without making it awkward or obvious at all.keep doing what you do man.if i am a fan of someone on youtube,it is definitely you.

@Tobey_318

Жыл бұрын

👆👆👆 Dm let's talk about investment,let me show you the strategies I use📩

This channel has great content. Very well researched and analyzed. Seems like other techies are only doing computer and smartphone reviews.

Wow. You put so much effort into this video. Thanks.

Things are going in right direction in some manners at least especially ending the reliance on US dollar and SWIFT

@prasadpawar7027

3 жыл бұрын

@Vitamin protein Digital Yuan uses blockchain. So two users can even make transaction without internet connections. Which can't be done on paytm.

In India, every street vendor and shop have QR code placed at the counter. Almost everyone with a smart phone and mobile data pays with their phone.

Loved the analysis!

A very interesting and informative video. Also as a Bahamain, I knew that the number of countries launching digital currencies was small, but I didn't realize it was THAT small lol.

Your channel is informative and unbiased. Immediately subscribed after watching this video.

@francischidozie751

2 жыл бұрын

What coin are you investing on

You might be one of the only people who gave fantastic information about this. Just gave straight facts and a fantastic background story regarding the system unlike so many other channels. Also your work was unbiased as well so well done

That's an incredibly interesting video! Great work!

Impressed by the amount of research done on this topic!

Superb insight Marton! Am I missing something? Watched it on Nebula (don't tell YT!) - no Likes or Comments available there - is that right?

@auliamate

3 жыл бұрын

Wait... his name is Marton?

@yohanespasaribu8546

3 жыл бұрын

@@auliamate yes.

This was scary, it seemed like some episode of Black Mirror.

@proCaylak

3 жыл бұрын

小熊维尼 inherent value? yes, it is worthless. but, it is backed by one of the strongest powers in the world. it's still widely accepted as a payment option.

@proCaylak

3 жыл бұрын

@小熊维尼 That comment was just about US Dollars, not anything else. I didn't say anything about China in that comment.

@proCaylak

3 жыл бұрын

@小熊维尼 I have no worries about that digital money. Also, that system makes perfect sense for CCP.

@swirer270

3 жыл бұрын

You already in one.

@santiagorappy71

3 жыл бұрын

@@proCaylak hahaha come on, tell the guy he’s a wumao, that’s what you westerners always do. Btw, we Chinese love CCP, call me shill I couldn’t care less

I don't know why I don't get ads on your videos ever. But I'll take it. Very good and informative video.

I was waiting for months for your new video

Government vs Private company Government has a political incentive to maintain social stability through responsible financial policies. Private companies cares only about profit, and if they're too big to fail, they can do pretty much whatever they want.

@alexturlais8558

3 жыл бұрын

Yes but government's dont always have that political incentive.

@obsidianstatue

3 жыл бұрын

@@alexturlais8558 that's true for democratic countries with duopoly on power. like the US.

“Both are quite dystopian” . Yeah pretty much... it’s feeling more and more hopeless

@NuclearTopSpot

3 жыл бұрын

2040: Ehm yeah can I just directly pay with my soul I'm out of Bitcoin

@feisaljauharitufail

3 жыл бұрын

2059: You will be ruled by super AI.

@briandsouza7854

3 жыл бұрын

Yeah, but the Chinese government already spies on you. And they do say they can improve the economy instead of these private companies who will just look for their profit! 🤔

@ventilate4267

3 жыл бұрын

@@feisaljauharitufail -Sybil system-

@mixererunio1757

3 жыл бұрын

It's getting boring, but fuck me, Orwell was so right

Good job posting together all this analysis. It's definitely inclusive and interesting, I'm glad I don't have to dig all these up and make connections myself.

Is the transaction going to happen in Dcep or in CNY just using DCEP platform? In India there is a UPI framework, that has basically enabled every mobile user to use digital payments without Any private e wallet. If the DCEP linked account is still going to hold CNY then it’s not really different

@yingzhengchin4100

3 жыл бұрын

Yeah, but what can I buy from India? any Indian product recommendation?

Us and EU has visa and MasterCard India has UPI China has digital currency. Major contries have their own ways of payment processing

@meow4619

3 жыл бұрын

I think you mean UnionPay to MasterCard. Digital currency is a totally new thing.

It's like we live in a civilized world but when you peek under the wallpaper, the walls are made from bones.

DCEP looks more like India's UPI. There are lot of similarity... There are only cosmetic changes in DCEP.

it's so cool to see your production quality come so far from clipping your mic to your beard hair, keep making the good stuff

Was ich an deinem Kanal schätze: Du machst nur Videos, wenn es wirklich spannend ist. DANKE für deine tollen Video!

@TechAltar

3 жыл бұрын

Freut mich, dass dir die Videos gefallen!

Background music’s too loud.

@mallasaugat

3 жыл бұрын

No

congrats on 500k keep it up

Super informative channel!

congrats on 500k

So basically the episode from black mirror called "nosedive" can happen irl pretty soon huh.

@TheEyeKnightFr

3 жыл бұрын

It already exists in Suzhou in China.

@OasisMilo

3 жыл бұрын

There already is a point system that literally wont let you use public transportation if you dont visit you parents enough. That country is mental

@ramkumarsr5326

3 жыл бұрын

@@OasisMilo hold up is this for real ?

@rappermerch7785

3 жыл бұрын

@@ramkumarsr5326 Not that extreme but yes they use ai and if you loose too many points you will get publicly humiliated and lose social privileges.

@aligmal5031

3 жыл бұрын

Already here with china's social credit system

Man, your hoodies looks really nice. Can you tell me which hoodie it is?

Tracking identities could also be a great way to fight corruption. Maybe you should mention that too.

I wonder what effects the DCEP will have on tourism, if the DCEP becomes the standard form of payment to the point of making businesses stop accepting cash (as a lot of shops have in Sweden). Very interesting topic and great video!

@brandon-22

3 жыл бұрын

Mastercard/Visa can enter China's market now so they would probably fill this void for exchanging currencies at instant

@TheZachary86

3 жыл бұрын

Cash is still legal tender in China and shops must accept. However enforcement is difficult as they will have to track complaints and then take action.

Poor people think about what they can buy with their money, rich people think about what they can invest in with their money.

@williamscharles7166

2 жыл бұрын

Interesting, most people don't understand the market move and tend to be mislead in fact like this and always depend on money 💰 in the bank. That is very bad idea.

@donarkjohn1188

2 жыл бұрын

As a newbie investing in crypto will be best for you, I know of a portfolio/invesment manager Mrs Jennifer an expertist in bitcoin trading invesment as you don't have to under go any stress in the trade , he managed my trading.

@virgillinda7762

2 жыл бұрын

Her availability is open to the public 👇👇

@virgillinda7762

2 жыл бұрын

+1 30

@virgillinda7762

2 жыл бұрын

256

Your hoody is amazing! I want to buy one of those :D

I interpreted "72nd edition" as "70 second edition" 😅 I was so disappointed until I checked the video duration! Thanks for these in-depth videos about the coolest things that most other youtubers never seem to cover!

If a citizen goes against their gov't they can take all of it away. Quite scary.

@dduay

3 жыл бұрын

Which the government around the global can and have been doing for decade. The US in perticular can do this to a citizen of another country, in another country.

@dduay

3 жыл бұрын

@@thomashirtz The government controls the banks, all your money are in the banks. Unless you use cash only. Even that, the government can claim the notes you hold illegal.

@brandon-22

3 жыл бұрын

banks already can freeze your money for no reason under "laundering" suspicions. government can already take money out of your bank account automatically. you want to take out money from banks? you will be charged a lot if it meets small monthly threshold. you're tied already to it

@dduay

3 жыл бұрын

@@thomashirtz ever heard of the central bank? The government controlled bank that issue all the notes?

@TheZachary86

3 жыл бұрын

@@dduay They can already do that as long as it’s under Chinese jurisdiction/in yuan

cut short, all gov want to control their citizen. Cut down paper currency also cut down corruption in a good way, all transaction traceable

@TheZachary86

3 жыл бұрын

Lol. You want to go back to gold/silver? If you want BTC to be successful it must first be non-volatile. There is too much volatility in crypto to be used as currencies.

@rishabh_gupta

3 жыл бұрын

Even if all transaction are traceable, All major corruptions happens through transactions with electronic payment So I don't think there is ever end to corruption even you can have all transaction traceable Because there is always a loophole to get things around

@chloelee5405

3 жыл бұрын

Governments are the biggest corruption industries...

@BalaenicepsRex3

3 жыл бұрын

By any chance, are you Chinese?

@apathak34

3 жыл бұрын

@@rishabh_gupta That's high level corruption. The low level corruption that citizens have to face day to day is mostly done in cash.

Amazing video! Thanks!

@TechAltar

3 жыл бұрын

Glad you liked it!

Very interesting video so thanks :)

**** Do a video on UPI. **** Its great system!

Soon even how we use the washroom will even be monitored 😞

@JL-ug4fs

3 жыл бұрын

soon？or already？🥲

@noblecollins9549

3 жыл бұрын

@@JL-ug4fs Already I guess. You can see something in your dream and the next morning you'll wake up to adds ☹️

@anaskhan4

3 жыл бұрын

@@JL-ug4fs where did you saw that a washroom was being monitored. Dont be a foolish

@MasterKey2004

3 жыл бұрын

How can you even benefit from monitoring someone’s excretion. I get that privacy will be lost but not in that way.

@proCaylak

3 жыл бұрын

monitoring washroom might be outlandish if it isn't for blackmail. but I see your point and I can agree.

That's a great explanation!

One of the best videos you've ever made for sure.

@TechAltar

3 жыл бұрын

Glad to hear!

TBH I'm impressed that a government is capable of making an app that works. Our government in the US can't create anything that functions

@nehcooahnait7827

3 жыл бұрын

Nah. If you go back to China in 2013, not just apps developed by the government, even mobile apps of the biggest commercial banks suck, in comparison with all other apps at the time.

You're killing the *Bald and Bearded* look!

Just discovered the channel. Really awesome content.

@TechAltar

3 жыл бұрын

Glad you enjoy it!

So where to trade YCC? And what about BTY? Is the latter a private project?

So digital voice that can understand beginners too...

can you cover UPI?

@yingzhengchin4100

3 жыл бұрын

Yeah, but what can I buy from India? any Indian product recommendation?

@yingzhengchin4100

3 жыл бұрын

@@vegatwice4342 better read the news, blind?

Who is going to operate and run the network of the digital currency? Would there be a beginning and end-user fees? Would there also be integration of other processors?

Very interesting. Recently saw a report on the digital Euro and didn't quite get it. This makes it more clear, albeit with the Chinese example.

I don't understand why we are still talking about "digital currency" = "cashless" in the comment section. Cashless society is already a reality in China so it's certainly not something the Gov is trying to push rn. "Cashless" means M1 or even M2 goes virtual, but every number in your Alipay is still corresponding to a paper bill in the bank, which means whenever you do a purchase, both your digital wallet /card and the seller need to inform the bank to change the owner of that certain amount of paper bills lying in the safe of that bank. Whereas "digital currency" is the paper bill itself, it means M0. When you do a purchase, the money just go to the seller's pocket without notifying anyone just like what you do with a real paper bill. Chinese gov is trying to find a way to avoid the potential, financial and international lockdown on China by the US through the swift system.

Make a video on UPI Payment (used in India)

@yingzhengchin4100

3 жыл бұрын

Yeah, but what can I buy from India? any Indian product recommendation?

That's why I bought Huawei Mate 40 Pro, for the dedicated encryption chipt of the digital Yuan.

very good and thorough education video

@TechAltar

3 жыл бұрын

Glad you enjoyed it!

One thing that deserves mention, with a digital yuan, you practically wipe out most of the money laundering in short order. That's got to be a good thing right?

@chiriko7335

3 жыл бұрын

Yep, you also wipe out briberies, drug dealers and shadow banking. It's a great thing and a game changer for an economy

@Gameprojordan

3 жыл бұрын

Lol no. Someone will find a way to do all of this in no time. I'd give it a couple years at most before hackers figure out how to rig this system. All this is going to do is make criminals more tech-savvy

@Gameprojordan

3 жыл бұрын

Nah what you're going to end up seeing is people finding a way to store digital currency on flash drives where it can then be exchanged without any online tracing

@ericcoskun1

3 жыл бұрын

@@Gameprojordan that's not how the CBDC works

I think that song should've ended after the intro,,,

Essentially when you say that the Chinese Government can look at the detail spending habits of the people in the whole country or either the 2 companies are able to see all the transactions of all the people in the country. It is also the same around the world because the whole world uses Visa and MasterCard and both Visa and MasterCard is able to see the spending habits of all the people around the world. They can then sell this data to respective companies to use for their marketing purposes. The other thing I think you missed out is that aparantly the Chinese Digital Yuan is also based on the Block Chain technology as far as I have read.

Can someone explain me how to buy digital yuan? I don’t want to trade. Just buy and save it in wallet or stick. Just see „digital yuan pay group“- is this fake or can I trust them?

We westerners just don't understand what China is doing. We westerners just don't understand that economies, countries fight each other. It's not about being democratic and being vocal and happy about it. It is about how good you can be on the play field of the globe, where resources are indeed finite, gains can only happen to one side when the others are loosing and the rules are not set at all. Anything, any strategy is welcome. Win the global war for finite resources, win the global war of creating a society that is capable of living through ages, eons. Win the war for getting your culture stay alive, win the war to secure your place on earth for the coming few thousand years. That is the game they are playing. We seem to be puppets in that game for the last decades or so. If you can win this war, great. If you can keep your citizens (your people) more or less happy at the same time, congratulations, you did a great job. And we westerners are whining about "distopian", "orwellian". Ehh. Would be good to see results on "individual happiness level" of people in West vs China.

@fedcoin1602

3 жыл бұрын

There are many westerns that understand exactly what this means.

Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?

@debra8950

3 жыл бұрын

Well... I will advice you should stop trading on your own if you keep losing and start trading with Mrs Laura Donna trading services

@donaldmark6093

3 жыл бұрын

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

@herrickanderson5402

3 жыл бұрын

Bitcoin mining is a very lucrative crypto currency business to invest in due to it's current rise...

@beckymcgowan9259

3 жыл бұрын

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

@davidmolly545

3 жыл бұрын

That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

I really enjoy these types of videos. Can someone recommend some similar channels like TechAltar?

@samuelflg607

3 жыл бұрын

The Friday Checkout ^^

@psmstr

3 жыл бұрын

Techmoan, 8-bit Guy, and Techquickie

@matpk

3 жыл бұрын

@@samuelflg607 suggest compare 1930s Nazi Germany Vs 2020s Communist China in your next video

Runescape is actually very interesting. It has under the table worked as an economy since basically forever, but the reintroduction of free trade in 2010 sent it to new unseen heights. The gp is so consistently valuable that there are multiple companies formed around the currency. The main con to gp as of now is that it's all under the table so the fees to cash in or out are high.

@Tobey_318

Жыл бұрын

👆👆👆 Dm let's talk about investment,let me show you the strategies I use📩

Can we get a video on UPI (Unified Payment Interface) system of India?

@yingzhengchin4100

3 жыл бұрын

well, unfortunately Indian money is not strong enough

@Mayank-sl3bb

3 жыл бұрын

@@yingzhengchin4100 If you read my question, they I asked about a technology.

@yingzhengchin4100

3 жыл бұрын

@@Mayank-sl3bb then what technology do you have in India? better product quality?

@aliakbarsafdari4084

3 жыл бұрын

@@yingzhengchin4100 Mate, you've commented this on literally every single comment on UPI on here. What's bothering you so much about us Indians?

@Mayank-sl3bb

3 жыл бұрын

@@yingzhengchin4100 We have democracy. We don't run Tanks over children. Haha

We want a video on India 's UPI and impact it had.

@yingzhengchin4100

3 жыл бұрын

Yeah, but what can I buy from India? any Indian product recommendation?

India almost all digital transaction are done with the currency from bank account to account with the UPI technology, where users mobile no are linked with the bank. Digital wallet companies couldn't complete with UPI and adopted UPI.

@mythzsnow5456

3 жыл бұрын

Totally different, UPI is a national backed transfer platform. DCEP is national backed currency - M0, which is RMB. The first country in the world implementing this recently

@yingzhengchin4100

3 жыл бұрын

Yeah, but what can I buy from India? any Indian product recommendation?

1. The DCEP is by design usable offline, just like another banknote. 2. The DCEP is by design able to track transactions. How can both work together ?

@dgcu-t96

3 жыл бұрын

I think merchants have to go online to claim their new banknotes from customers.

@lijiayi0921

3 жыл бұрын

@@dgcu-t96 Nop. They instantly have the DCEP in their digital pocket. They can use them wherever it is supported (for now very few). But sure they will have to go online to deposit them to their bank account, just like banknotes. (Well that's how it's designed, as far as I know) Maybe internet is not need, but GSM yes ? Need to be confirmed.

@TechAltar

3 жыл бұрын

From my understanding there is a tiered security system. Two wallets can transact small quantities of money between each other without an internet connection right away. Once one of the two goes online, the transaction syncs back up online. Bigger transactions would need to be verified online (and users need to pass stricter KYC requirements too, btw, not just a phone number)

@lijiayi0921

3 жыл бұрын

​@@TechAltarThat makes sense. The news articles I read definitely didn't cover this part. And I think the offline mode is yet to be deployed. BTW I really like your objective and informative content, with clear explanation and nice visual presentation. Carry on mate!