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

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

#91

Post by baybal2 »

seanmcdirmid wrote: post #73
baybal2 wrote: post #62

Earlier quoted context omitted.

By the way, China is the one and only foreign market where GM ever managed to sell their bad cars.

You mean SAIC-GM (51% SAIC, 49% GM JV of course). Buick is considered a decent brand in China. American brands are more competitive with Japanese brands in China due a fluke: as all of them are made in human labor intensive factories (vs. using more robots), the quality of Japanese designed cars has gone way down to the point that Toyota and Honda aren't thought of as being very good cars like they are in the states.

And yes, Chinese made Toyotas are terrible

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

#92

Post by taobility »

baybal2 wrote: post #58
xkcd-sucks wrote: post #26

Earlier quoted context omitted.

Xiaomi is another one, their build quality is good and they make a whole bunch of actually useful non "tech" things like escooters, air filters, vaccuums. I don't know if they're shady with finances or data collection though

> useful non "tech" things like escooters, air filters, vaccuums. Since when scooters, air filters, and vacuums turned "not a tech?"

before some starup in Silicon Valley started related business

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

#93

Post by thaumasiotes »

baybal2 wrote: post #90
thaumasiotes wrote: post #87

Earlier quoted context omitted.

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

Where in the world are you getting your ideas? You can't (legally) prevent a child from being registered for a birth certificate even if you want to, as you would expect from the fact that birth certificates are meant to benefit the government, not you. It is literally the first element of Texas HSC §192 ("Birth Records"):

> Sec. 192.001. REGISTRATION REQUIRED. The birth of each child born in this state shall be registered.

Children receive birth certificates regardless of whether their parents are married, or are citizens, or any other consideration. There is no requirement for a marriage certificate, or for anything else.

It's also not true that you can't be registered as a married couple without a marriage certificate. You can, and it's easy.

Edit: You're probably talking about China, not Texas.

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

#94

Post by taobility »

rgbrenner wrote: post #24
logicchains wrote: post #18

Earlier quoted context omitted.

Just like the Chinese got no chance to vote on America's unilateral sanctions against Iran, but are still subjected to them.

Iran was under UN sanctions at the time Meng violated those sanctions. China is on the UN security council, and as a permanent member, they have a veto. They did get a vote, and they voted yes. Are you somehow not aware of this? They were a founding member of the UN, and have been on the Security Council since it's beginning. They have abstained or voted yes on every UN action that involves the SC (international peac…

Meng is an individual person, which not represent the company or the organization. If US has a war with China, should China legal to kill any US citizen in China?

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

#95

Post by mike11111 »

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

#96

Post by iamaelephant »

cromwellian wrote: post #2

Count me skeptical about of some of these 'self-made' billionaires. Pinduoduo for example, as with many Chinese companies, has been accused of falsifying revenues to pump stock prices. Yes, this stuff happens in the US as well (we all remember Enron and Theranos), but to what extent, are the statements of these companies transparent and well-audited, and regulated by government differs by region. And Bitmain? Is it t…

Even the legit examples are bullshit, I hate the term self-made (b|m)illionaire because almost all of them came from some kind of privilege that enabled it, and lucky circumstances that precipitate their rise. Take these Atlassian blokes who like to tell the story of starting a company on $20k of credit card debt and a dream to make a living wage without working for someone else. That story doesn't mention they came from rich white families who got them into prestigious high schools and gave them all kinds of networking advantages. It doesn't mention that unlike most of us they could take their $20k debt risk because they already had charmed lives with fallback options that most of us don't have.

Self made wealth is almost always a product of an entire community.

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

#97

Post by [deleted] »

iamaelephant wrote: post #96
cromwellian wrote: post #2

Count me skeptical about of some of these 'self-made' billionaires. Pinduoduo for example, as with many Chinese companies, has been accused of falsifying revenues to pump stock prices. Yes, this stuff happens in the US as well (we all remember Enron and Theranos), but to what extent, are the statements of these companies transparent and well-audited, and regulated by government differs by region. And Bitmain? Is it t…

Even the legit examples are bullshit, I hate the term self-made (b|m)illionaire because almost all of them came from some kind of privilege that enabled it, and lucky circumstances that precipitate their rise. Take these Atlassian blokes who like to tell the story of starting a company on $20k of credit card debt and a dream to make a living wage without working for someone else. That story doesn't mention they came…

[deleted]

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

#98

Post by sanxiyn »

taobility wrote: post #92
baybal2 wrote: post #58

Earlier quoted context omitted.

> useful non "tech" things like escooters, air filters, vaccuums. Since when scooters, air filters, and vacuums turned "not a tech?"

before some starup in Silicon Valley started related business

https://getawair.com/

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

#99

Post by cromwellian »

samatman wrote: post #85
cromwellian wrote: post #47

Earlier quoted context omitted.

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…

And what legitimate business or personal need does hashing blocks satisfy? A camera is useful even if you don't use it to produce a Youtube video. The average person buying a camera isn't seeking to make money off of it by photographic profession or vlogging.

However, the vast majority of people purchasing ASIC miners think they're going to make money from them.

Another example: GPUs, some people bought em for mining, but independent of mining they accelerate games and digital content creation, and lots of other useful computation.

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

#100

Post by keiferski »

iamaelephant wrote: post #96
cromwellian wrote: post #2

Count me skeptical about of some of these 'self-made' billionaires. Pinduoduo for example, as with many Chinese companies, has been accused of falsifying revenues to pump stock prices. Yes, this stuff happens in the US as well (we all remember Enron and Theranos), but to what extent, are the statements of these companies transparent and well-audited, and regulated by government differs by region. And Bitmain? Is it t…

Even the legit examples are bullshit, I hate the term self-made (b|m)illionaire because almost all of them came from some kind of privilege that enabled it, and lucky circumstances that precipitate their rise. Take these Atlassian blokes who like to tell the story of starting a company on $20k of credit card debt and a dream to make a living wage without working for someone else. That story doesn't mention they came…

This sort of attitude is really nonsensical. It's the sort of extremism that seems to say: you're only self-made if you grew up in a cave, made your own clothes from animals that you yourself hunted, taught yourself language and built your business while working 80 hours a week as a [worst-job-here]. In other words: a dangerous level of holier-than-thou self-righteousness.

The reality is that wealth and "privilege" are a scale: no matter who you are in the world, there are both people above and below you, in terms of advantages.

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