China-U.S. Conflict Opens Door to Digital Currencies, Says Ethereum Founder by lfgiaa

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· @lfgiaa ·
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China-U.S. Conflict Opens Door to Digital Currencies, Says Ethereum Founder
The United States and its cold war with China are continuing.

The battles between the two countries revolve around computer chip circuits, digital services and mobile applications...
![ريفرسكو 3.png](https://files.steempeak.com/file/steempeak/lfgiaa/PGqGB9br-D8B1D98AD981D8B1D8B3D983D988203.png)
Who will win, Chinese or American technology companies?
Maybe cryptocurrencies will win.

> This was suggested by Ethereum founder Vithalik Butrin in a recent audio interview with Morgan Beller, general partner of investment firm NFX.



The founder of Ethereum said after referring to America's aggressiveness towards Chinese technology companies, saying:
![image.png](https://files.steempeak.com/file/steempeak/lfgiaa/1acLsvQG-image.png)
https://open.spotify.com/episode/2c2arv13nfl1zqNOg8nYee?si=aRjJ18-7TiegpH-aUf8NjQ

> There is certainly a lot of conflict, even if its impact is negative for humanity in general, it is particularly useful for encrypted digital currencies.

The Trump administration spent much of its time arguing that Chinese technology companies were a trojan horse for the Chinese government.

President Trump has tried to block the popular WeChat app (currently used by more than a billion people worldwide) because of national security concerns and has also tried to force the sale of the video-sharing platform TikTok run by China's ByteDance.

Before leaving office, President Trump imposed customs duties on GPU cards from China.

Buterin believes that's the wrong way to handle things, and he says:


> Basically, if your strategy to deal with the scary things that worrie you at a Chinese technology company is to pursue China, you'll be highly vulnerable to any non-Chinese technology company, or anyone from any other company, to fill the void.

Part of the world is trying to do exactly the same thing.

Butrin added:

> This is where cryptocurrencies come in because decentralization is the only way you can convince people that you are really interested in trying to protect people.


How will cryptocurrencies gain a foothold in the conflict between the two giants?
The founder of Ethereum explains how cryptocurrencies will triumph and provides the following example:

- Three people fighting in a gun battle.

- Person A is less or equally skilled with "B"

- And B is less skilled than "C."

- Likely to win?

- Answer: It's "C."

- The reason for this is that A and B know that A and B are the biggest threats to each other, so they will basically kill each other, so C is the most likely to be the winner.

- Cryptocurrencies are "C"

#### Digital currencies are not on either side but are decentralized and resistant to censorship.

#### The founder of ethereum added, in the clarification:


## Cryptocurrencies are certainly one of those things that are well positioned to be "c", and this is the winner of a big conflict between whether one country versus another or countries versus companies.


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