Did the world end today?

Chapter 300 Centralization

The solution to the financial collapse caused by quantum computers is very simple and does not even require any complex quantum encryption algorithms.

The economists' thinking is frighteningly simplistic and crude.

Before the password migration plans of various countries and financial institutions have been completed, the government has taken the lead in releasing an emergency channel for CBDC (Central Bank Digital Currency), allowing financial institutions to exchange threatened assets for CBDC at a 1:1 ratio.

This is essentially a special government bond with quantum attack insurance, and its issuance is still based on national credit, serving only as a risk hedging tool.

Theoretically speaking, its protection against quantum attacks is limited.

When a large amount of funds flows into CBDCs, a sharp drop in the financial market could still trigger a run on the banks.

The problem is that at this moment, all that capital needs is a little bit of "confidence".

The sovereign credit tied to CBDC is precisely this confidence.

Its essence is that the credit of the entire sovereign nation pays for the credit of commercial banks.

But now, are sovereign states' creditworthiness strong enough?

That was stronger than ever before!

Explosive technological development, continuous breakthroughs in fundamental theories, and a bright future that is clearly visible.
It can be said that this is an era in which sovereign credit is frighteningly strong.

Against this backdrop, coupled with official endorsement, [the situation became even more complex].
A small "quantum crisis" is no longer enough to cause the financial system to collapse.

Therefore, the panic over the "cracking of crypto assets" was directly overwhelmed by the euphoria of "new technological breakthroughs".

What is reflected in the market is a scene of vibrant life and thriving competition.

After listening to the economist's explanation, Lin Xu suddenly had a vague understanding.

He asked thoughtfully:
"So this plan... you've actually been planning it for a long time, haven't you?"

In the video, the scholar nodded slightly.

"We have been planning this since the day quantum computing technology was born."

"In fact, it was first created in 2016."

"We didn't expect it to be implemented in such a short time."

2016 years!
Good guy.

So, from that time onward, these Chinese scholars had already begun to harbor the ambition to overturn the US's international settlement system?!
you do not say!

Surely no one really thinks that CBDC is only solving a financial crisis triggered by a "quantum crisis"?
of course not.

Under this system, China, as the country with the strongest sovereign credit, is very likely to obtain the highest liquidity value and acquire the most leverage in the process.

The more chips you have, the more room you have to maneuver.

With subsequent technological advancements, there is a high probability that the entire global financial system will undergo a complete reshaping.

What? SWIFT?

Stop it.

My CBDC directly supports distributed keying and atomic settlement.

Privacy and surveillance risks?
CBDC directly supports the use of quantum entangled states for zero-knowledge proofs, and it does not collapse without observation, directly crushing all zero-knowledge proof technologies on the market.

Geopolitical risks? Disputes over the transfer of sovereignty?
In this era of alliances, CBDCs will naturally move towards decentralized governance, since the world is essentially one big alliance.

Of course, you shouldn't ask who the leader of the league is.
Lin Xu gradually formed a complete outline of this strategy in his mind, and only then did he realize that, based on the information he had provided, the work that the authorities had already done was far more than he had expected.

They are not simply “adapting to technology”.

Even before the technology was officially implemented, they had already begun using "expectations of technology" to try to gain the most important power in the world!

Combined with what I had heard before about the "allocation of technology shares"
An order centered on China, or more accurately, on itself as a butterfly, is being established step by step.

Lin Xu didn't ask any further questions. By then, it was already 9 p.m., and the meeting secretary briefly summarized the meeting before adjourning it.

As he left, Lin Xu walked up to Qin Feng and asked:
"So you knew all along that they were already prepared?"

"I do not have."

Qin Feng innocently shrugged and looked at Lin Xu, who answered in a serious tone:
"I'm an intelligence officer, I can't possibly know everything."

"At least in terms of economics, I know absolutely nothing."

"The only certainty is that after the alliance is officially established, in order to ensure that the path you have chosen can be successfully opened up, and to ensure that the world continues to follow this path."

"They have indeed done a lot."

"What you're seeing now is just the first step; more actions will emerge as we move forward."

As Lin Xu followed Qin Feng out of the conference room, he nodded thoughtfully.

Judging from the current situation, the official strategy is indeed quite commendable.

Leveraging its technological advantages, China aims to shift the world's decision-making center from the United States to China, and further strengthen its control over large capital and interest groups with "excessive liberal tendencies."
This can indeed consolidate power, reduce internal friction between different interest groups, and thus improve efficiency.

But, will an overly aggressive strategy cause a widespread backlash?

Thinking of this, Lin Xu asked:
"Are you sure that implementing such a strategy won't trigger a serious chain reaction, leading to even more severe divisions?"

Qin Feng shrugged and replied:

"who cares?"

"A split can only happen within purely interest groups that are completely unaware of the apocalypse, but are these interest groups really important to us?"

"This world no longer needs opponents."

"If there are indeed such opponents, the iron fist of sovereignty will surely strike them on the head."

As he finished speaking, Lin Xu slowly shook his head.

"That's what I'm worried about."

"Interest groups can influence the decisions of a sovereign state—what if the division originates from within the alliance?"

"Will they begin to doubt the legitimacy of the alliance because of such influence, and try to seize this 'central position'?"

"You think too much."

Qin Feng stopped and looked at Lin Xu solemnly before asking:
"I asked you a question before."

"If you were given a choice, would you choose China or another country?"

"Your answer is already very clear."

"And this answer determines that no other sovereign leader would be foolish enough to fight for any 'central position'."

"Because it's the butterfly's choice."

"Actually, there's something you seem to still not understand, or rather, you haven't really thought about it seriously."

"Because you don't really care that much about this matter."

"That's the difference between you and Zhou Yue, and Zhang Liming."

"However, the vast majority of decision-makers are very clear about this."

"That is, the so-called central position is not a certain country or a certain interest group."

"The center is a butterfly."

"Where you are, that is the center."

(End of this chapter)