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Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

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Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#21

Post by powowow »

dmix wrote: post #11
PatrolX wrote: post #8

I can just see it now: "Competition is bad, arrest him immediately!"

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…

meanwhile Sam Altman is writing essays about how China enjoys greater freedom than America.

If you think I'm kidding: https://blog.samaltman.com/e-pur-si-muove

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#23

Post by jacquesm »

dman wrote: post #13
solotronics wrote: post #5

There is rumor Bitmain (creaters of Antminer, see Ant Financial aka Alipay) was really owned by Jack Ma. Now everything that was Jack Ma is now owned by CCP I would bet Bitmain is the CCP.

Any pointers on why / how everything that was owned by Jack Ma is owned by CCP?

Jack Ma is on the record that this is nonsense:

https://www.wsj.com/articles/alibabas-jack-ma-denies-beijing...

Of course, conspiracy theorists would say 'of course he would say that'.

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#24

Post by jacquesm »

powowow wrote: post #21
dmix wrote: post #11

Earlier 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…

meanwhile Sam Altman is writing essays about how China enjoys greater freedom than America. If you think I'm kidding: https://blog.samaltman.com/e-pur-si-muove

Cringe.

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#25

Post by vkou »

dmix wrote: post #11
PatrolX wrote: post #8

I can just see it now: "Competition is bad, arrest him immediately!"

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…

> There's a reason all of the big western companies left China.

Are we on the same page, here?

Name two.

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#26

Post by fakegalitarian »

cneurotic wrote: post #10
datashow wrote: post #9

Also remember China does not have a real bail system. If you get arrested, you are very likely end up in prison directly. You also can be disappeared (better than be suicided) during the process. Edit: No. I wasn't referring to the Epstein case. Also, Chinese police has a habit of using force to rob the corpse of the victim from the family who want to send the corpse to the 3rd party for examination. For example: htt…

Interesting note about bail, but can we just...not re: the Epstein references?

Not until his conspirators hang

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#27

Post by vkou »

ethbro wrote: post #19
dmix wrote: post #11

Earlier 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…

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 twentieth century torn apart by civil war, European colonialism, civil war again, a brutal Japanese invasion and occupation, and then some more civil war, followed by two decades of self-inflicted political purges and repression. India only had to contend with two of these problems!

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#28

Post by paggle »

cneurotic wrote: post #10
datashow wrote: post #9

Also remember China does not have a real bail system. If you get arrested, you are very likely end up in prison directly. You also can be disappeared (better than be suicided) during the process. Edit: No. I wasn't referring to the Epstein case. Also, Chinese police has a habit of using force to rob the corpse of the victim from the family who want to send the corpse to the 3rd party for examination. For example: htt…

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?

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#29

Post by StavrosK »

powowow wrote: post #21
dmix wrote: post #11

Earlier 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…

meanwhile Sam Altman is writing essays about how China enjoys greater freedom than America. If you think I'm kidding: https://blog.samaltman.com/e-pur-si-muove

Where did you get "China enjoys greater freedom than America" from "I can do this one thing in China more easily than in SF"?

It's true, by the way. I was in SF for a week a few months ago and the constant need to watch what I say was exhausting. I couldn't even joke around with my gay friend because people were getting offended on his behalf, much to his dismay.

Re: Bitmain Rival’s Founder Arrested as War of Crypto Miners Heats up

#30

Post by 3001 »

powowow wrote: post #21
dmix wrote: post #11

Earlier 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…

meanwhile Sam Altman is writing essays about how China enjoys greater freedom than America. If you think I'm kidding: https://blog.samaltman.com/e-pur-si-muove

what exactly is wrong with his argument?

He is saying groupthink is bad.

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