Earlier quoted context omitted.
First Russia with nginx just a few days ago, now this. I'm starting to think despotic regimes are bad.
As if any other country is better.
First reply to a comment about Russia is a whataboutism, shock
Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
41–50 of 76 posts
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#42Earlier quoted context omitted.
There's a reason all of the big western companies left China. I'd bet money China's economy could be growing 10x faster if it had independent courts and foreign companies who become successful weren't treated like criminals. Just imagine how many of us would be moving to China to start companies and how much more VC money would be flowing in. And all of the global HQs and products and innovation that would be happeni…
Having a bunch of US companies making profits in China isn't necessarily good for China. If the choice is between, say letting AWS in and building their own. Building their own would put 5000 of their own people to work, the broad technical demographic it will take, and build up all the surrounding industries like servers, networking etc. All the profits stay within China, and they now have more skilled people who ca…
Literally like 99.9% of all economists who don't work for the Trump administration would disagree with this, and 100% of the ones who study the effects of international trade.
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#43Earlier quoted context omitted.
Surely you’re trolling. This is not the place for it because, by any objective measure, despotic regimes are worse places to live.
Unless you're the despot. In which case they are the best place to live.
Except for the tendency for despots to be violently overthrown (relative to non despotic countries at least)
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#44Earlier quoted context omitted.
Having a bunch of US companies making profits in China isn't necessarily good for China. If the choice is between, say letting AWS in and building their own. Building their own would put 5000 of their own people to work, the broad technical demographic it will take, and build up all the surrounding industries like servers, networking etc. All the profits stay within China, and they now have more skilled people who ca…
Literally like 99.9% of all economists who don't work for the Trump administration would disagree with this, and 100% of the ones who study the effects of international trade.
I don't think you are right but if you are then I don't think those economists are right. There is a balance to strike. If your country is behind them protectionism can be powerful.
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#45Earlier quoted context omitted.
Interesting note about bail, but can we just...not re: the Epstein references?
Why? Why should we just move on from the world’s most powerful men indulging in child rape and killing off threats to their continued access to children to rape?
What does it accomplish except derail and memefy the conversation?
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#46Earlier quoted context omitted.
Would the leadership rather be absolute leaders of a slower-growing, still-globally-significant economy? Or lesser leaders of a faster-growing one? I don't think the economic growth benefits outweigh their priorities.
Non-democratic, non-free China's economy has been growing 5 times faster than democratic, free India's. This is despite both countries starting from the same, largely rural, highly impoverished starting point 60 years ago.[1] So, yes, they'd rather be the absolute leaders of a faster growing economy, than the non-leaders of a slower-growing one. [1] China was even worse off, actually, since it spent the first half of…
The assertion was not that China is growing slower than India, but that the current Chinese economy is growing slower than a more liberal Chinese economy.
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#47Any way around the paywall?
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#48Earlier quoted context omitted.
Why? Why should we just move on from the world’s most powerful men indulging in child rape and killing off threats to their continued access to children to rape?
What does it accomplish except derail and memefy the conversation?
I guess, what can we as ordinary citizens do about the world’s most powerful people, Presidents, princes, CEOs, billionaires, in a giant child rape ring going unpunished? Just shake our fists at the sky? What can we do?
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#49Earlier quoted context omitted.
>Of course, conspiracy theorists would say 'of course he would say that'. That comes with the territory when you're a totalitarian state with no rule of law.
These kinds of characterisations frustrate me. It's a horrible simplification that leads one to a whole set of conclusions that are probably way off target. No complex society runs without rules. By and large, if members of the society do not follow those rules then the result is chaos. Clearly, China is not a lawless state where people do whatever they choose and the strongest one wins. It is a country with real law…
I think you're totally wrong. China is not a nation of laws the way the US or European countries strive to be. It's a different philosophy. They have laws, but the laws are not supposed to be supreme over the rulers.
And there are TONS of examples of official lies, especially on the subject of the ownership and control of large enterprises.
Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up
#50Earlier quoted context omitted.
>Of course, conspiracy theorists would say 'of course he would say that'. That comes with the territory when you're a totalitarian state with no rule of law.
These kinds of characterisations frustrate me. It's a horrible simplification that leads one to a whole set of conclusions that are probably way off target. No complex society runs without rules. By and large, if members of the society do not follow those rules then the result is chaos. Clearly, China is not a lawless state where people do whatever they choose and the strongest one wins. It is a country with real law…
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