Re: Is Bitcoin infrastructure too Chinese? What should be done technically?
Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese?
Bitfury's latest ASIC https://bitfury.com/hardware/asic is pretty competitive with Chinese designs...
But where will they make the chips and assemble the miners for mass production that would make the price more competitive? I believe it will still end up to be "Made in China". Haha.
That to me is a slap in the face of the Western world. Trump is saying "Make America great again" and trade restrictions are implemented, but the Chinese still rule the technical manufacturing of complex electronic components.
Where are all the brilliant engineers and scientists of the western world? Elon Musk are one of the leaders in electronic manufacturing of components like this... Why are they not stepping up to the plate to fulfil this role?
We are gifting this to the Chinese.