Chinese semiconductor industry

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emblem21

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localizer said:
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Hehe they trynna bait CCP into doing stupid shit with all these moves

I mean we can always fuck taiwan up.
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Only problem is that China knows and will tank the attacks until all these red flags eventually blows the states to the point of an all out civil war, I mean the Washington riots and now the GameStop event are just signs of what is to come given that both didn’t even need China to mess with them at all. Sooner or later when the USA is at its lowest point and when China is ready, they can simply cease sending any goods to the USA on the grounds that the USA cannot pay for goods anymore not to mention that the USA are the aggressors. Then we can see if the USA has the ability to be self sufficient as they have claimed nonstop (which I highly doubt given that the food banks are stressed right now, imagine if the whole nation is on it, plus the USA is supposed to be the most prepared nation for a pandemic, so the same result will happen in regards to food supplies)
 
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Anlsvrthng

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quantumlight said:
That's my understanding of bitcoin.... and all the other similiar type of alt-coins based on the bitcoin concept of blockchain digital currency... The more the market cap of these combined digicoins ramp up (I still remember back in 2008 when each bitcoin was 1 penny, now each is $40,000+ recently) the more they take away from and devalue ALL money/coins/currency everywhere...
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Bitcoin is similar to the Papua New Guinea shell money.

The Papua shell money has value because it is long and time consuming to make the necklaces from the shells. Due to that it is still used as money these days in same places.

Bitcoin has value because it require investment and lot of electricity to make new coins (and to validate all transactions) , and the bitcoin supply is very limited - there is a maximum number of coins.


The bitcoin unfit for transaction money - the transaction validation/database extremely energy intensive (this is what everyone call as mining) , and there is no central authority to increase/decrease the money in circulation if required.
 
quantumlight

quantumlight

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Anlsvrthng said:
Bitcoin is similar to the Papua New Guinea shell money.

The Papua shell money has value because it is long and time consuming to make the necklaces from the shells. Due to that it is still used as money these days in same places.

Bitcoin has value because it require investment and lot of electricity to make new coins (and to validate all transactions) , and the bitcoin supply is very limited - there is a maximum number of coins.


The bitcoin unfit for transaction money - the transaction validation/database extremely energy intensive (this is what everyone call as mining) , and there is no central authority to increase/decrease the money in circulation if required.
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Bitcoin supply is unlimited, anyone can start their own coin... its "network effect" that props it up, just like social netowrking went from xanga to livejournal to friendster to myspace and facebook... who knows if 10 years from now another coin takes the throne

Bitcoin specificially, well even then each coin is divisible by up to 8 decimal places, max of 21 million coins , you do the math

The fact that as bitcoin rises in value and hashing difficulty gets exponentially more difficult and it takes more energy to mine increasingly less coins does NOT add value, it is a net energy SINK and subtracts wealth from the system!
Bitcoin is a scam in this sense, imagine it taking 100 dollars to print one dollar bill!!!!!

A currency that requires more and more real energy/resources to be brought into existence when itself is neither an intrinsic storage of value nor has any instrinsic utility is bound to fail in the long term, it makes no sense from thermodynamic standpoint
 
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Anlsvrthng

Captain
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quantumlight said:
The fact that as bitcoin rises in value and hashing difficulty gets exponentially more difficult and it takes more energy to mine increasingly less coins does NOT add value, it is a net energy SINK and subtracts wealth from the system!
Bitcoin is a scam in this sense, imagine it taking 100 dollars to print one dollar bill!!!!!

A currency that requires more and more real energy/resources to be brought into existence when itself is neither an intrinsic storage of value nor has any instrinsic utility is bound to fail in the long term, it makes no sense from thermodynamic standpoint
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Bitcoin per definition the same like gold or any other supply restricted commodity money.

It has the same issue like the gold, with constrained supply the increase of its users lead to deflation, and that means initiative to remove it from circulation as the source of increasing wealth, enforcing further deflation.

most likely the transaction volume of it will collapse, with the value increase, and finally in the future, during a financial crash or something like it will collapse in value, as everyone struggle to get cash, and never recover again.
 
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gadgetcool5

Senior Member
Registered Member
ansy1968 said:
@daifo

Hahaha, Xiaomi now a willing participant after being sanction, hope BKK also join, better late than never. They should had prepared long ago after the Huawei ban , instead of greed. Lesson learned Never rely on foreign grace to run your business.
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Great news (if it gets approved). Now they just need a similiar consortium for software.
 
quantumlight

quantumlight

Junior Member
Registered Member
Anlsvrthng said:
Bitcoin per definition the same like gold or any other supply restricted commodity money.

It has the same issue like the gold, with constrained supply the increase of its users lead to deflation, and that means initiative to remove it from circulation as the source of increasing wealth, enforcing further deflation.

most likely the transaction volume of it will collapse, with the value increase, and finally in the future, during a financial crash or something like it will collapse in value, as everyone struggle to get cash, and never recover again.
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One major difference... no one can create gold, it can only be discovered and is finite amount. Gold was created in belly of dying star that went supernova.. real energy went into creating real matter that then of courses take human effort to extract...

Mining bitcoin is a complicated math and computational cracking problem for no good reason. Anyone can create a bitcoin clone or competitor, in that sense the supply is infinite and the value prop is due to social network effects....

5000 years from now gold will still have value, bitcoin? going the way of SecondLife
 
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