Renminbi, Dong, SDR, USD, and the Flood of Central Bank Money onto the Blockchain
Two monetary worlds are crashing together.
The old fiat currency world which is structured around exchange rates and foreign exchange reserve accounts is being shattered by the new world of blockchain assets. The history of socioeconomics has proven that the less advanced cultures and economies are fragmented and absorbed into the more advanced systems which are expand under the exciting momentum of ingenuity and endless opportunity.
The beginning of 2018 has become a sort of holding area, or panic induced quicksand, for most of the cryptocurrencies. The value explosion that started in the second half of 2017, and continued at the beginning of 2018, has substantially reversed. Values are fluctuating within a wide band which varies by asset.