When Beijing Says ‘Blockchain’ But Means ‘Controlled Decentralization’

Just when you thought policy whiplash couldn’t get more entertaining - China bans crypto exchanges but puts blockchain at the heart of its digital economy strategy. It’s like watching a vegan open a steakhouse while preaching plant-based diets!

The Irony is Strong With This One

Building DeFi protocols myself, I nearly spat out my tea reading about ‘decentralized technology’ in a plan from the most centralized government on Earth. Their version of blockchain probably comes with CCP-approved validators and a Great Firewall middleware.

Geeky Prediction Time

Watch for:

• The world’s first ‘centralized decentralized’ apps (Oxymoron 2.0)
• CBDC integration that makes cash look rebellious
• Blockchain patents filed faster than you can say ‘Satoshi’

So… who’s taking bets on how long until we see Mao Zedong NFT collectibles? 😏