It’s not just a question of faster, but of the unleashing of other technologies, such as AI, augmented reality and the metaverse. The 6G “pipe” will be stratified into several layers, some reserved for audio, some for data and some for the Internet of Everything and some for police/military communication.
In the 2007-2008 financial meltdown, it was so-called ‘derivative’ market that almost toppled the world. Derivatives are bets on future market or economic behavior and loose no consequences until certain triggers are pulled. Estimates of the size of the derivatives market are in the quadtrillions.
As a Technocracy, it is no surprise that China would summarily wipe out any and all competition for its own central bank issued currency. Secondly, this is a form of capital controls because many citizens were moving their wealth offshore with Bitcoin and Ether. That avenue is now closed.
