wintom
Joined 12 years ago
Joined 12 years ago
Aviation and top R&D being stolen from Boeing, just in general corporate espionage is rampant just Google it. The kicking out of top tech firms, why is Google not there in China? Why is that fair? China does not play by any rules and therefore they can’t be allowed to play with us.
The purposeful devaluation of their currency, why is that fair?
I could go on and on. I assure you I’m not a Nazi and I really dislike that part of Trumps campaign but man he is so right on this one.
Donald Trump and your mad about it.
People couldn’t believe Uber was worth more than Delta airlines in one of their valuation rounds.. this is very common. They were about to own the taxi industry and take a cut out of every ride.
This is so much bigger than that.
And just because employees at Google refuse, employees in one of the big Chinese firms won’t be able to. If our government does not have this tech then someone else will.
We live in this fantasy, like people aren’t dying everyday from war in so many places around the world. We are not immune to that.
Edit: to all the folks down voting me it’s a good idea to get a different perspective sometimes.
Blockchain is a distributed ledger that guarantees consensus without any central party. It has many other properties, like making the transactions public in most cases, and many other important things that are different from centralized databases and non public databases we have been using for the last 30 years.
That being said, this isn’t the first time where mining has plummeted in profitability. Early last year similar articles started popping up and in fact GPUs on eBay we’re being sold at dirt cheap prices because crypto was “plummeting”.
I wouldn’t bet on crypto going anywhere, not in this crazy world we live in.
Instead of focusing on building real applications with blockchain, programmable money, and changing the world everyone is focused on trading and get rich quick schemes. This stuff could change the world it is money ripped out of government hands and it could be baked into everything we do on the internet but I am not so sure that will happen anytime soon anymore.
I am very jaded with the whole space because of all this fraud.
I think people forget that there is a lot of value to a censorship resistant currency.
Before Bitcoin was worth hundreds or thousands of dollars it was being used in the black market at whatever rate it was floating at. That rate is a non zero value. There is no other way, other than another crypto currency, to do business in these black market places.
Now blow that out exponentially to places like China where your money isn't exactly your money. Or places where its ok to seize someones property, depending on whose in power.
This then starts to give you an idea that even when the bubble crashes we will still have Bitcoin.
You are right though and I am being a little sarcastic on purpose. People have argued that Gold has real intrinsic value which it does have its uses but no more or no less than any other important precious metal we use.
They are still stuck in the 1960s, their economy is absolute garbage and the people are dirt poor, they lost multiple generations of opportunity.
Have you been to Cuba? It’s like going back in time 70 years.. the country itself is beautiful if they had taken a different path they could be incredibly propsorous. A small country like Cuba could get by on tourism alone and do much better than they do now.
Everyone needs to take their own path, if suppressing people’s religions and no freedom is that path the Chinese want to take then that’s their choice.
Our government and our corporations should not support that.