China does most of the bitcoin mining... the nation that controls over 51% of bitcoin nodes can take over bitcoin...
but for what its worth, my opinion is bitcoin is actually a CIA project
Chinese Economics Thread
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but for what its worth, my opinion is bitcoin is actually a CIA project
I demonstrated why your reasoning was obviously dismal: saying that billionaires aren't necessary is far from saying that they should be eliminated. You can't answer this, so you fall back on popularity arguments.
You said that about innovation after loudly claiming the exact opposite. You think the people here have short memories?
Curbing the billionaires (such as by making them more open) by no means destroys their companies -- and hence does not affect China's current competitiveness. Innovations come mostly from small organizations, so China's future competitiveness is also not affected. You made some similar claims in earlier comments and I debunked them then. Reiterating the same disproven arguments does not enhance my perception of your intellectual honesty.
Do medical people need to know exactly how SARS-Cov-2 works to understand that it is deadly and that something -- they don't quite know what -- must be done about it? I can see that billionaires are quite capable of corrupting China's government; I say that something needs to be done to curb the huge potential corruption. You on the other hand love the billionaires and say that nothing must be done to them -- in spite of seeing what they have done already (such as censoring the President of the USA). Are you a really slow learner?
So? You claimed that some innovations can only be done in "megacorps", and you mentioned the invention of lithography as an example. I proved you completely wrong by saying Fairchild Semiconductor was a tiny company (with like 8 engineers) when one of its employees, Robert Noyce, invented the monolithic integrated circuit.
When Fairchild was small, it did not need to be monitored. Now that it's a billion-dollar corporation, perhaps the company's richest shareholders should curbed (if Fairchild were in China, for the good of the country's future).
The rest of your comment is like that: lots of noise and spurious arguments to waste everyone's time.
Was it Montenegro that accused China of "debt trap" (after taking China's help)? The EU is more likely to do that, I think. But I don't know.
It didn't straight out say it. However when you ask for help to service the Chinese loan thats obviously the same thing.
I am sure their foreign ministry and the gov is aware of the optics however they still did it.
China must be careful to where it is giving its loans. So it gave a good loan with ultra low interest rate and 6 years grace period and now it is getting back propaganda and bad reputation.
You could be right.
Perhaps China should be careful to dole out the money over time in small tranches, as the IMF does. That should keep the needy country from being too treacherous, if it needs the rest of the cash. That should also give the Middle Kingdom time to see what the recipients are actually doing with the money.
Yes. The world thinks that China is a golden cow which can be milked and then forget their loans and start slandering it. China must set standards and string conditions on loaning money.
Another example is Pakistan, the CPEC program is delayed from the Pakistani Gov because like every year they want to renegotiate terms and it is now slowing down.
China must be extremely firm on contracts and loans and extract blood if needed. These loans are money that could be used internally to reduce poverty and now these ungrateful countries are mocking China by not repaying loans or by wanting to renegotiate terms
manqiangrexue
Brigadier
It's dismal because you can't refute it and it makes you look bad and lots of people agree LOL
I've already proven that for a competitive modern tech power, billionaires are indeed necessary. While you did not directly say that they need to be eliminated, I was responding to the general old generation commie vibe that they steal and cheat and they are a drain from society. And obviously, if something is a drain, it should be eliminated.
Furthermore, your stupid plan to deprive billionaires of privacy will drive them out. Taxation is one thing; billionaires can afford more taxes, but privacy is invaluable and will devastate someone's lifestyle regardless of their wealth if this basic human right is taken away.
Why did you cut my quote short? LOL Cus you know that the rest of the sentence disproves what you are saying. Billionaires are needed to be competitive, and China needs to be at the top of the world in competitive. Memory is not your problem; it's that you have a broken ego so even though you know you are defeated, you will keep talking and start to use desperate tricks like cutting quotes in half to make them sound like something else and using "yapping" to try to glance over things you cannot answer. A person who knows how to debate and defeat all of your points takes all that you write and debunks them in a point-to-point.
All they have to ask is, ""How open? More open than someone with a regular amount of wealth? How is it enforced? Are you suggesting that once someone reaches above a certain level of wealth that s/he be stripped of his/her human right to privacy? That's ok with you? That's not persecuting success?" And you'll just slink under the desk with some, "I didn't think it all through. I don't need to know the details," and everyone will just laugh at you and your silly idea.
This was already debunked; repeating it won't make it true. This is another desperate technique for you to save face when you know you've lost.
Chinese Economics Thread
Big businesses (and billionaires) do not lead in technogical innovation. As this article in Inc. says, "Small businesses are the innovators of the world". You goofed again. You took out the word "technological" before the innovation and it made things so different. Billionaire businesses have...
www.sinodefenceforum.com
Your 3 sad examples only showed that 1. billion dollar companies can grow out of humble origins, but they need to become billion dollar companies to keep up with the tech and 2. You need to go back centuries to over a millennium to even try to debunk a modern trend that is obvious to all with intellectual honesty. By the way, your allusion to China's invention of "rockets" was the funniest. This is 2021; when people say rockets, we mean the thing used to launch things into orbit, NOT the giant firecracker made out of paper and wood used to kill Mongols.
Yes, we do. When you make suggestions that are amorphous and without thought, it makes you sound like Trump telling people to inhale bleach and inject UV light.
Something more than what is already done? What makes you say that what is already done and China's current grip over them isn't enough?
Because I don't see them running rampant causing problems and I don't try to pre-emptively punish people who are driving Chinese innovation under the illogical assumption that whatever happens in the US will also happen in China's very different political system. I see them acting as a massive engine of innovation that can finally back up China's state sector and whenever there is a potential problem, I see the CCP coming down on them to prevent it. I see nothing that doesn't work and nothing that needs to change.
When the speaker spouts nonsense, I will not learn it at all.
Like I said, unicorns turn into billion dollar companies, no problem. But cutting edge companies need to be big and that's what your example shows because Fairchild did become a billion dollar company. If you wanted to prove that cutting edge technological innovation comes from small businesses, you would need to show me a company that is currently small (maybe single digit millions) and creates technology that leads or cannot be replaced by any mega corporation. Showing me a billion dollar company that came from humble origins does not back up your point at all.
Now it's dead; too small, taken over by ON Semiconductor for $2.4 Billion.
It's all like that when you have no answer. Even though you have said more things that mean nothing than anyone else, I always crush them rather than glance over them hoping they disappear, because I can.
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Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling this year driven by large exchange traded fund outflows. The metal has staged a tentative recovery in the past fortnight, rising about 2 per cent as a handful of bullish factors have converged. Two indicators have pointed to robust demand in China, the world’s biggest consumer. The price of gold in the country has traded at a premium to international prices in recent weeks, from a discount in 2020. At the same time, the amount of gold withdrawn from the Shanghai Gold Exchange doubled in March from a year earlier to 168 tonnes, according to exchange
" Do not treat China as an enemy. Otherwise it will develop a counter-strategy to demolish the United States in the Asia-Pacific"
- Lee Kuan Yew
All i have to say to the white homosexual anglo oligarchs like Thiel is to suffer for their sins for China is their Nemesis in this life and the next,