Quote from: RealMalatesta on June 24, 2021, 07:43:10 PM

Quote from: Obito on June 23, 2021, 07:10:40 AM

~snip

China is hurting itself, and I love watching it happen in real time. What they are doing to crypto is not a huge deal because that is just a small portion of what they are earning, but this is the nation that made TRILLIONS of dollars from manufacturing and because they decided that they can do whatever they want and no nation would ever bother to change it, even the capitalists are getting to the end of it.

European nation or USA having unemployment trouble now? Watch in a decade when major places move most of their places from China to other places meanwhile having more and more local manufacturing for smaller stuff and smaller companies, it is going to be so much so that China will beg to manufacture stuff for the "west" and that will keep going until they stop being a bad nation and commit a genocide (which they are doing now) and in order to get those companies back they will have to tone down all the bad stuff they are doing.

I wouldn't per se say that they are hurting themselves because I believe that bitcoin is just one or two aspect of their economy meaning that even if they were to abandon it, it won't make too much of a dent since there's a lot of other ways that they can reliably make money out of. I don't necessarily agree with your take on the time that China will lose the production power but I think that if they can serve all of Asia, it won't matter because that means that they will still have customers even if the west does some sort of embargo.