satoshinakamoto

Wang Yongli, former Vice President of the Bank of China and financial expert, recently published an article offering an in-depth analysis of China’s decisive move against stablecoins. The insights are huge and a must-read for everyone in the crypto space! 🔥
Why has China taken a ‘one-size-fits-all’ approach to stablecoins?
1️⃣ US dollar stablecoins dominate the market
US dollar stablecoins like USDT and USDC now control over 99% of the global market. This leaves very little room for other stablecoins to survive. If China forcibly launches a renminbi-backed stablecoin, it risks becoming a ‘vassal’ to the US dollar, further undermining the renminbi’s sovereignty.
2️⃣ Digital renminbi is the ultimate trump card
China already leads the world in mobile payments and digital yuan technology. There’s no need to take a “detour” with stablecoins. The digital yuan offers instant settlement, controllable anonymity, and cross-border circulation, making it a strategic tool at the national level.
3️⃣ Financial security comes first
Cross-border stablecoins are hard to regulate and can easily facilitate money laundering and fraud. China must close these loopholes to prevent capital outflows and financial instability.
💡 What this means for Chinese users
Short-term pain: Domestic stablecoin trading faces restrictions, but the digital yuan pilot is accelerating, with potential future support for cross-border payments.
Long-term gains: Successful internationalization of the digital yuan could bring lower fees and faster cross-border transfers.
Risk warning: Trading overseas stablecoins still carries legal risks, so caution is needed.
🚀 Wang Yongli’s key advice
Focus on promoting the internationalization of the digital yuan and leverage digital identity technology for unique advantages.
Observe and learn from overseas stablecoins while complying with regulations.
Be aware of the “harvest” of US dollar stablecoins—the US is strengthening dollar dominance via stablecoins, and China needs its own path.
The future of crypto isn’t just about technology—it’s a battle for currency sovereignty. Understanding policies is crucial for predicting trends.
#SatoshiNakamoto #CryptoMarketCorrection
Original source: Wang Yongli’s public account (“Why did China resolutely stop stablecoins?”). This summary is based on publicly available opinions and is not investment advice.
Which would you prefer: the digital yuan or stablecoins? Share your thoughts in the comments!

🌐In 2008, amid the global financial crisis, a 9-page whitepaper appeared online:
"Bitcoin: A Peer-to-Peer Electronic Cash System."
This single document changed the world, introducing decentralized money and the foundation of blockchain technology.
January 2009:
Satoshi released the first Bitcoin software and mined the Genesis Block.
Hidden inside was a headline about the bank bailout—a clear message that the old system was broken.
For a few years, Satoshi communicated only through emails and forums.
No one ever saw or heard them. In 2011, they left one final message:
"I've moved on to other things," and disappeared forever.
Satoshi’s wallets, holding over 1 million BTC, remain untouched to this day.
Many have tried to uncover their identity—Hal Finney, Nick Szabo, Craig Wright, and others—but the truth remains a mystery.
Was Satoshi one person, a group, or someone we’ve never heard of?
No one knows.
But one thing is certain:
Satoshi changed the world, proving that anonymity can truly revolutionize finance
The tech world still circles around one question:
Who is Satoshi Nakamoto?
Maybe we’ll never know… and maybe that’s the point.
#bitcoin #blockchain #SatoshiNakamoto #BinanceSquare #CryptoHistory
@BNB Chain @CZ
$BTC
$ETH
$BNB

According to him, the main risk is that many early wallets operate in P2PK (Pay-to-Public-Key) mode — when the public key is visible directly in the blockchain. However, no software error has yet been identified that could compromise the keys of Satoshi Nakamoto's wallets.
"If a hypothetical attacker manages to directly break ECDSA, then P2PK wallets will become the first targets. It is estimated that about 4-6 million BTC on other early addresses are also at risk of such a hack," the expert explained.

Who is the man or group that planted the seeds of the global financial revolution? Satoshi Nakamoto is not just a name; it is a concept that embodies mystery, genius, and financial freedom.
1. 📜 The Birth of the Digital Revolution:
In 2008, Satoshi published a research paper titled: "Bitcoin: A Peer-to-Peer Electronic Cash System." This was not just an article; it was a blueprint for a complete financial engineering based on encryption and decentralization. Shortly after, the first block in history (Genesis Block) was mined in January 2009.