Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Asia-Pacific is home to a rise in new self-made billionaires

bloomberg.com

Post reply on HN
Print view View original

81–90 of 123 posts

Re: Asia-Pacific is home to a rise in new self-made billionaires

#81

Post by dang »

mevile wrote: post #6

Is this a contest where we should be rooting for a side or something? What's the significance of this? Is this some kind of national pride thing where I should be rooting for my home country to win? I'm happy for people that found success for what they've accomplished regardless of where they live. Good for them.

This is a case of the unfortunate omnipotence of titles over discussion. The title frames the topic as a nationalistic opposition; the subtitle does not. Therefore we have replaced the title with the subtitle above.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#82

Post by ShorsHammer »

psnatch wrote: post #44
tehlike wrote: post #42

Earlier quoted context omitted.

I feel same for xiaomi.

Their hardware, sure. Software, not so much. Mi Home is an abomination.

MIUI OS seems to be liked by some, personally think it's terrible.

That said, they are one of the few phone companies left that allow consumers to unlock the bootloader, along with offering some stock android models with zero bloatware and monthly security updates.

Samsungs are worthless now if you can't install Lineage on them.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#83

Post by rblion »

seanmcdirmid wrote: post #79
mrnobody_67 wrote: post #61

Earlier quoted context omitted.

Tencent and Alibaba are like those... and in many ways better.

They aren't international brands. Alibaba gets some traction outside of China for those who want to buy cheap Chinese goods, while Tencent has bought some foreign game companies, but otherwise no one outside of China really knows who they are.

This is about my familiarity with them to be honest. Brands I am aware of but haven't given a dollar to. Yet, I end up using Apple, Alphabet, Amazon, Microsoft services/products every day in one way or another. I don't agree with everything each of them does but I support them because I respect them.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#84

Post by alkibiades »

forkLding wrote: post #57
alkibiades wrote: post #25

Earlier quoted context omitted.

not to mentioned they are government-sanctioned/backed oligarchs.

Yeah but so is Ford ( https://qz.com/1262815/fords-move-to-stop-making-cars-was-en... ) and GM ($49.5 Billion US govt. bailout), they would have been crushed by the Japanese and European auto companies a long time ago but nobody cares, it's the winners that matter in the world so saying govt. sanctioned is pretty random chance of probability, I wish I was a govt. sanctioned company person in China but that is never g…

every submission of yours is chinese shilling. and it’s facetious to compare them.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#85

Post by samatman »

cromwellian wrote: post #47
sanxiyn wrote: post #39

Earlier quoted context omitted.

Bitmain absolutely is an amazing tech company. You may want to read 2018 retrospective at Bitmain blog: https://blog.bitmain.com/en/bitmain-following-a-busy-2018-wh...

The tech can be amazing, but the business itself can still be essentially, a kind of a ponzi scam. The vast majority of people cannot make money from an Antminer S15 unless they're able to steal electricity or get it super cheap. At current predicted hash rates, power consumption, and BTC prices, these miners are a wash, or net negative. ( https://www.asicminervalue.com/miners/bitmain/antminer-s15-2... ) That makes t…

This is not what a scam is.

An Antminer isn't a license to print money. It's a device for hashing blocks.

This is like calling Sony a scam because they sell video cameras to aspiring YouTube stars who never make money out of their aspirations.

It matters, because there are plenty of scams out there, where people exchange money in good faith and receive a substandard good, or nothing at all, in return.

If Bitmain does that, provide evidence. If it doesn't, stop making libelous statements about them.

You may not like their product. I would never buy it. But it isn't a scam.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#86

Post by samatman »

rdiddly wrote: post #19
threatofrain wrote: post #9

I think it's not good to frame wealth creation in terms of billionaires.

Came here to say that. Compared to making everybody richer, making one guy a billionaire is easy. It costs $1 billion. Even giving each Chinese person $1 would cost more than that. Edit: Which is not to be all "America Yay!" and "China Boo!" like some high school rivalry. America's legendary wealth inequality objectively demonstrates that it, too, leans closer to "making one guy a billionaire" than it does to "giving…

The median personal income in the United States is roughly 31,000 dollars.

So more like giving everyone 85 dollars a day, than one.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#87

Post by thaumasiotes »

baybal2 wrote: post #49
cma wrote: post #15

Earlier quoted context omitted.

Do they execute the mentally handicapped like Texas? (I think China is much worse on human rights fwiw, we just have a long way to go)

No, but they deny them marriage certificates - medical exam is a prerequisite for one. If you are handicapped, bad luck.

It's not like it's particularly bad luck. A marriage certificate is not a requirement of getting married.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#88

Post by hk-mars »

ShorsHammer wrote: post #82
psnatch wrote: post #44

Earlier quoted context omitted.

Their hardware, sure. Software, not so much. Mi Home is an abomination.

MIUI OS seems to be liked by some, personally think it's terrible. That said, they are one of the few phone companies left that allow consumers to unlock the bootloader, along with offering some stock android models with zero bloatware and monthly security updates. Samsungs are worthless now if you can't install Lineage on them.

OS? xiaomi can create their own os? I suspect that.

When we say the word “system”, it means a lot of foundation of system design and practices.

China companies lag in system design, this situation is very clear now; Still the root cause of this lag is related to the outdated government system.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#89

Post by rayvy »

threatofrain wrote: post #9

I think it's not good to frame wealth creation in terms of billionaires.

Agreed. If you're a regular reader of Bloomberg (I am myself), then you see that they almost fetishize abnormal wealth - constantly writing articles in regards to what the "elite", the "1%", the "ultra-wealthy" think/do. As someone who previously liked Bloomberg (about as much as someone can like that type of thing), the constant obsession with wealth is definitely a turn off.

Re: Asia-Pacific is home to a rise in new self-made billionaires

#90

Post by baybal2 »

thaumasiotes wrote: post #87
baybal2 wrote: post #49

Earlier quoted context omitted.

No, but they deny them marriage certificates - medical exam is a prerequisite for one. If you are handicapped, bad luck.

It's not like it's particularly bad luck. A marriage certificate is not a requirement of getting married.

But without it, you get no household registration as a married couple, which means no birth certificate, which means no household registration and lifelong non-personhood for the child
Post reply on HN