Quote from: r0ach on May 12, 2016, 01:56:59 PM

Quote from: sockpuppet1 on May 12, 2016, 01:53:28 PM

I destroyed this logic fail from smooth in the past. Did you miss it?

You did not because you insist China will always have some type of competitive edge over the "inferior" west due to ingenuity or corruption.

The centralization is due to economies-of-scale of mining farms. It doesn't matter where it happens. It just happens to be that China is very conducive thus it is happening there. But if China wasn't the low-cost leader on corrupt free electricity or cheap hydropower, then it would still be happening where ever it is. Because this is a fact of the INSOLUBLE economics of Satoshi's design.

Come on r0ach, you are smarter than this.

Quote from: r0ach on May 12, 2016, 01:56:59 PM

China is a logistics nightmare and maybe they have a hard landing never to be heard from again once the shit hits the fan.

Even if that were a possibility (and it is not), it still would be irrelevant.

Quote from: r0ach on May 12, 2016, 01:56:59 PM

China's main fear is domestic political dissent for a reason. The top is all crooked and the bottom is eventually going to riot and send the country into chaos while all the leaders flee to Vancouver.

In your dreams. Even if that were plausible (and it is not), then still would be irrelevant.

The reason it is implausible is because China is an economic powerhouse that will reap huge economic growth as it allows its economy to diversify. They don't have the problems with huge number of retirees and people on social welfare and unemployment insurance. The West can't compete because of the burden of the cost of socialism.

China's economy will have a reset in 2020, but the Chinese are not going to abandon their culture. They will continue with the model of top-down organization. That is just the way Chinese people think. Do a little research on how their thinking about organization of society and capital differs from ours in the West.

Quote from: r0ach on May 12, 2016, 01:56:59 PM

Have you ever seen charts that show the wealth of a nation as a function of IQ? It always shows higher IQ countries having more wealth, except in the case of authoritarian socialist regimes, then the IQ makes no difference and wealth of the nation plummets. Due to China being a logistics nightmare, they will have to go more hardcore authoritarian than any other country on earth, and it will implode any type of ingenuity and it's impossible for them to keep up with other countries. The second we put up tariffs it's over.

The sad reality is we are entering a new world order where even very great totalitarianism of China will be much more profitable than the abject failure of socialism in the West.

Get used to it. The ideals of our founding fathers are dead. They won't be coming back to the world for many decades from now. You and I will be dead by then.

Sorry to give you the bad news.