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On our television screens we see these presidents shaking hands. But in practice, the United States imposes high tariffs on raw materials that are exported to China. It's a boomerang effect. The US needs microelectronics components made in China. The truth is that the commercial exchange between these two giants is of enormous dimensions.
The decentralized and tax-free nature of the Blockchain has the economists of nations very busy trying to figure out how to make a profit by applying some kind of tariff to crypto market operations.
China has the highest concentration of mining in the world. In fact, it represents an environmental impact for this country, since most of its energy generation comes from the combustion of hydrocarbons.
It should come as no surprise that at some point the economies of these countries focus on the crypto-finance market. This market is volatile like any other where there are fluctuations in values, but it is still much more stable than the oil market for example.
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Now, some questions arise:
Would the current Blockchain infrastructure have the capacity to absorb such a magnitude of investments? We all know of the imminent collapse of the capacity to process requests that the blockchain presents. Furthermore, who would benefit from such a magnitude of investment? Suppose they decide to acquire Bitcoin, the value would rise sharply. What would happen to the other cryptocurrencies?
There is also the possibility that these nations create their own cryptocurrency. Perhaps there would be monopolization.
War is like a game of chess, sometimes you have to sacrifice pieces. Sometimes you have to pressure so that the opponent also gives in. But in general what is sought to give checkmate.
@juanmolina
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Greetings, very interesting colleague, your article makes China unique, which does not care about its government system, but its overwhelming capitalist economic model, since it wants to dominate its Asian market and be competitive with the new era of blockchain.
Good article, one of the most alarming things about China and its communist system is that they don't mind burning up the world for a little power.
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This war are not new. It will be great seeing them investing in crypto currency but it might not be bitcoin but their own token which is not still bad.
Hi @juanmolina, brot This is precise and conclusive:
"But in general what is sought to give checkmate."
This is a compelling argument, the question is who will you give checkmate to?
The world system is undergoing great changes, I believe that there are things far beyond what one expects, beyond what one can see, that are defining what is happening and what will happen, and the common citizen has no idea about it.
This is what theorists call "the world order." It is an open secret.
The checkmate is always given by those who have the best technique and take advantage of the "oversights" of their opponent.
Thanks for your valuable comment, dear friend.
Hello @juanmolina.
Let's hope that among the big beneficiaries we are the small ones, I say this in reference to what you say in the post, that it could be that these two big giants in the economy like the United States and China can absorb a good part of the adoption of the block chain technology and with it large amounts of BTC.
Greetings friends successes and stay safe.
Greetings friend @juanmolina, perhaps my appreciation sounds somewhat utopian, but I believe that the economy on a global scale, is going to adopt this use of the Blockchain and this will impact exponentially on the price of cryptocurrencies. Therefore, I believe that in our case we have a certain advantage in being incorporated in this world in advance; these are times to accumulate what is within our reach. Thank you for sharing this kind of visionary content.
Excellent article.
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Thanks.
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