(Thread IKs:
fart simpson)
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Dreddout posted:They gotta scrounged together 200 diplo points to core it first i thought it was 100 military, 100 prestige and being in the top eight or having great power status vickysnipe
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Feb 22, 2021 21:01
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| # ? May 23, 2024 15:51 |
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Theyre working their way down that focus tree, just wait
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Feb 22, 2021 21:24
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Rutibex posted:bitcoins are so loving stupid If you are ever wondering if we are going to meaningfully combat climate change just remember that crypto currency mining is a thing we allow to exist lol.
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Feb 22, 2021 21:37
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Junkozeyne posted:If you are ever wondering if we are going to meaningfully combat climate change just remember that crypto currency mining is a thing we allow to exist lol. that China, a country that seems to see past the next scam, not only allows to exist but encourages the hell out of
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Feb 22, 2021 21:49
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SchnorkIes posted:that China, a country that seems to see past the next scam, not only allows to exist but encourages the hell out of adam curtis predicted thids
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Feb 22, 2021 21:57
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gradenko_2000 posted:We already knew this to be the case: lol every country involved in this is loving up bigtime
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Feb 22, 2021 23:05
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honestly China's refusal to do anything about bitcoin is a reason I doubt their commitment to transitioning to socialism
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Feb 22, 2021 23:06
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indigi posted:honestly China's refusal to do anything about bitcoin is a reason I doubt their commitment to transitioning to socialism thread title
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Feb 22, 2021 23:08
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SchnorkIes posted:that China, a country that seems to see past the next scam, not only allows to exist but encourages the hell out of  Hoist with his own petard
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Feb 22, 2021 23:25
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ted hitler hunter posted:Earlier ITT someone put forth a theory about using it to de-dollarize but maybe that's reading too much into it and putting too much stock into bitcoin and alt-coins. idk why you'd want to de-dollarize with a currency that takes the electricity output of an entire nation to maintain, has a hard cap on transaction volume, and completely limits your ability to manage supply
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Feb 22, 2021 23:28
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I'm pretty sure it's just Chinese people using bitcoin for capital flight and it's kind of hard to just ban bitcoin
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Feb 22, 2021 23:30
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execute ppl who mine bitcoin
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Feb 22, 2021 23:33
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tractor fanatic posted:I'm pretty sure it's just Chinese people using bitcoin for capital flight and it's kind of hard to just ban bitcoin it's a completely transparent system, a few forensic accountants and you'd be able to track down anyone moving it in quantity
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Feb 22, 2021 23:33
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indigi posted:it's a completely transparent system, a few forensic accountants and you'd be able to track down anyone moving it in quantity i don't think it's the uber wealthy chinese doing it, i think it's more henry types who want it as an insurance policy and are too numerous to bother with much
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Feb 22, 2021 23:37
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ted hitler hunter posted:Earlier ITT someone put forth a theory about using it to de-dollarize but maybe that's reading too much into it and putting too much stock into bitcoin and alt-coins. China not is going to use the currency that has child porn permanently etched into its vital infrastructure to get off the dollar
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Feb 22, 2021 23:56
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indigi posted:idk why you'd want to de-dollarize with a currency that takes the electricity output of an entire nation to maintain, has a hard cap on transaction volume, and completely limits your ability to manage supply also you can't escape the US dollar by using computer accounting tricks. the US dollar dominates the globe because the USA won WW2 and used military power to maintain its world hegemony after that. the US dollar is backed by minute man ICBMs
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Feb 23, 2021 00:10
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i say swears online posted:thread title
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Feb 23, 2021 00:19
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ted hitler hunter posted:Earlier ITT someone put forth a theory about using it to de-dollarize but maybe that's reading too much into it and putting too much stock into bitcoin and alt-coins. the chinese are mining the most bitcoin so they can destroy it later. what use to the ccp is bitcoin once everyone has a digital RMB account?
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Feb 23, 2021 01:58
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indigi posted:honestly China's refusal to do anything about bitcoin is a reason I doubt their commitment to transitioning to socialism
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Feb 23, 2021 02:37
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Btw China is coming out with its own currency (e-yuan) that isn’t going to require mining and I doubt they are actually supporting bitcoiners (since it is a way around capital controls). If anything bitcoiners are moving to Iran for both cheaper electricity and to get the government off their rear end. Btw Bitcoiners were using off the grid electrical power sources as much as possible in the PRC since local governments were tracing power usage. The reason mining is so popular is 1: there is an obvious bubble and 2: it is an easy way to get money out of the country without paying taxes. Ardennes has issued a correction as of 03:03 on Feb 23, 2021 |
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Feb 23, 2021 02:58
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*a bunch of american billionaires jubilantly invested in bitcoin and doge* president xi: dump eet
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Feb 23, 2021 07:07
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Ardennes posted:Btw Bitcoiners were using off the grid electrical power sources as much as possible in the PRC since local governments were tracing power usage. The reason mining is so popular is 1: there is an obvious bubble and 2: it is an easy way to get money out of the country without paying taxes. cops in the us can see little grow operations through apartment walls, Bitcoin farms probably have energy signatures that are visible from orbit lol wait for america to finally collapse, arrest all the idiot billionaires who thought they could hide on the blockchain, seize a few server farms, and enjoy an instant drop in global carbon emissions!
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Feb 23, 2021 08:15
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indigi posted:honestly China's refusal to do anything about bitcoin is a reason I doubt their commitment to transitioning to socialism Odd definition of "nothing" quote:Twelve months before the crackdown, China dominated the bitcoin exchanges market, accounting for more than 90% of trade volume. The heyday did not last. In September of 2017, the PBoC and five other ministries announced that financings using cryptocurrency, such as ICOs, are “in nature unauthorized illegal public financing , and [are] suspected of [being involved] in the illegal sale of coins, illegal issuance of securities, illegal fundraising, financial fraud, pyramid sale and other illegal and More could be done but there's a very obvious skepticism of crypto in policy. Mining remains highly precarious as there have been numerous signals the practice will eventually be banned outright.
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Feb 23, 2021 08:51
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The world's largest crypto exchange, Binance, was run out of China and had to relocate to Malta so it's not like it's completely safe to set up shop there.
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Feb 23, 2021 09:34
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comedyblissoption posted:*a bunch of american billionaires jubilantly invested in bitcoin and doge* 
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Feb 23, 2021 09:37
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Grapplejack posted:It is entirely impossible for non-whites to be racist; racism is, as you know, a tool of imperialism created by Europeans and perfected by Americans. Racism is taught and exported by these groups to other countries to facilitate their goals in other countries. Russia, for example, was an entirely equal society and pockets of that tolerance remain, however the culture has been aggressively damaged and tainted by western teachings and influence to create racism where there was none previously; Navalny is an example of western-style racism created in a vacuum where it did not exist previously Don't the various ethnic groups in Russia have a long history of loving to murder each other, or am I missing something?
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Feb 23, 2021 09:55
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lollontee posted:adam curtis predicted thids
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Feb 23, 2021 12:08
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you know what the real problem with chinese corporations is https://twitter.com/BBGVisualData/status/1363912419517624320 theyre not nakedly dynastic enough and also theyre probably too scared of guillotines to try
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Feb 23, 2021 13:49
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ah yes the very transparent chaebols of Korea didn't they cover up the CEO of Samsung being dead for a while?
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Feb 23, 2021 14:17
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The major difference between Korean big company and Chinese big company is the Koreans let Americans own more than 50% of the company?
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Feb 23, 2021 15:01
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Ardennes posted:Btw China is coming out with its own currency (e-yuan) that isn’t going to require mining and I doubt they are actually supporting bitcoiners (since it is a way around capital controls). If anything bitcoiners are moving to Iran for both cheaper electricity and to get the government off their rear end. number 2 cannot be overstated enough
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Feb 23, 2021 16:36
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indigi posted:honestly China's refusal to do anything about bitcoin is a reason I doubt their commitment to transitioning to socialism I've seen an interesting argument that China basically keep tabs in order to see whether is worth or not having a presence that can exploit the vulnerabilities in the blockchain
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Feb 23, 2021 16:43
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dead gay comedy forums posted:I've seen an interesting argument that China basically keep tabs in order to see whether is worth or not having a presence that can exploit the vulnerabilities in the blockchain I tend to believe that if China ever had enough combined hashing power to do a 51% attack on bitcoin*, or some other dumping scheme that would hurt its value at a time when it'd be advantageous to do so, that they'd pull the trigger. * I imagine it's possible that China already has enough compute to do this, and it's more a matter of opportunity.
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Feb 23, 2021 16:56
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gradenko_2000 posted:I tend to believe that if China ever had enough combined hashing power to do a 51% attack on bitcoin*, or some other dumping scheme that would hurt its value at a time when it'd be advantageous to do so, that they'd pull the trigger. i have the feeling that china is collecting lots of these little western vulnerabilities and they plan to pull the trigger on all of them simultaneously
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Feb 23, 2021 17:04
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Rutibex posted:i have the feeling that china is collecting lots of these little western vulnerabilities and they plan to pull the trigger on all of them simultaneously Or, and hear me out, maybe they aren't playing 50d chess and are just playing the same lovely game as the west with a different coat of paint
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Feb 23, 2021 17:05
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Grapplejack posted:Or, and hear me out, maybe they aren't playing 50d chess and are just playing the same lovely game as the west with a different coat of paint nah china is different than the west and pretending they are the same is a critical error. their system is clearly growing stronger over time as the west is becoming weaker
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Feb 23, 2021 17:09
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it still sounds like you're conflating the PRC with a bunch of random chinese people
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Feb 23, 2021 17:21
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tractor fanatic posted:it still sounds like you're conflating the PRC with a bunch of random chinese people to be clear i am talking about the sovereign nation state of china, which is controlled by a one party system known as the PRC. thats why i said "china" and not "chinese people" i am also not talking about taiwan, which also claims to be china. im sorry for the confusion
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Feb 23, 2021 17:24
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Rutibex posted:to be clear i am talking about the sovereign nation state of china, which is controlled by a one party system known as the PRC. thats why i said "china" and not "chinese people" sorry, i meant this quote: gradenko_2000 posted:I tend to believe that if China ever had enough combined hashing power to do a 51% attack on bitcoin*, or some other dumping scheme that would hurt its value at a time when it'd be advantageous to do so, that they'd pull the trigger.
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Feb 23, 2021 17:25
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| # ? May 23, 2024 15:51 |
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Encouraging the global speculation market or financial market is not benefitial to china, because china's core business is opposite of that, which are the manufacturing and infrastructure industries. And you can't realistically grow these "making physical poo poo" business faster than 3% annually. So china would only manipulate cryptocoin if she can realistically crash the dollar, which is not likely, because neither cryto nor rmb are ready to use as an currency substitute outside of china in near term. IMO the US eventually has to outlaw cryto in order to protect the dollar, because if not all the weak states will resort to use cryto ala The Diamond Age dystopia. Also the strong states will soon use their security agencies to attack cryto secretly IMO.
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Feb 23, 2021 17:48
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