NEO is not The One. But, they may be china's new crypto-currency. However, when it is taken over by china, they will tend towards locking it down. Centralizing it. And this may make doing anything but buying chinese goods all but impossible.
I don't know how well block-chains will do in captivity. It appears that they lose much of their robustness, but does this make them more susceptible to attacks?
Right now I am thinking about possibilities and this is one of the scenarios that could play out. I sure hope it does not get bogged down with centralization.