~20 BTC mining pools with 81% of the hashpower in China - a communist country

Nojokur
Nojokur

"muh decentralization"

~20 BTC mining pools with 81% of the hashpower in China - a communist country.

Tell me more about your decentralization, corecucks.

Other urls found in this thread:

buybitcoinworldwide.com/mining/pools/
businessinsider.com/china-is-churning-out-a-new-billionaire-every-5-days-2017-10

w8t4u
w8t4u

China
communist

Pick one. China is ultra capitalistic

askme
askme

China is the future ;-)

idontknow
idontknow

I mean BCH is just as bad

Proof of Work needs to die out in general

likme
likme

don't worry bro

we got based mcafee on the case

Deadlyinx
Deadlyinx

This must be old. If you look at statistics now it's somewhere between 40 and 65%

Raving_Cute
Raving_Cute

It's from July

buybitcoinworldwide.com/mining/pools/

Booteefool
Booteefool

yup because cash is 100% chinese kek

Supergrass
Supergrass

Being this retarded.

What the actual FUCK are they teaching you kids in school these days?

lostmypassword
lostmypassword

Its communist in name. As far as business goes its like america in the early 1900s.

Fraud isnt even a fucking criminal offense there, only a civil one

Techpill
Techpill

Im not into asian chicks so the guys would like me there

girlDog
girlDog

Are you fucking kidding me? They EXECUTE you for fraud in China.

Holy mother of Christ I fucking weep for the future...

Lord_Tryzalot
Lord_Tryzalot

I'm Chinese and I'm telling you they do not execute for fraud.

RumChicken
RumChicken

No? Let's ask Zeng Chengjie about that... shall we?

Or do all of your internet filters not allow you to read about that? You know, like tiananmen square?

BunnyJinx
BunnyJinx

American propaganda aimed at braindead Americans lol

whereismyname
whereismyname

You think jihan controlled bcash would be any better? Delusional my man.

Lunatick
Lunatick

This may be a really stupid idea, but perhaps don't commit fraud? :)

Boy_vs_Girl
Boy_vs_Girl

Yeah, but only compared to cuckold regions like north america and yuroop

MPmaster
MPmaster

people get executed in china, like the whole baby formula fiasco

girlDog
girlDog

They also dont let people play video games, and anyone caught playing video games is a put in a rehabilitation camp.

Emberfire
Emberfire

the people who got executed literally caused the death of a bunch of babies
if they did the same thing but didnt kill anyone they would get a slap on the wrist

WebTool
WebTool

The level of ignorance on this board has reached such levels to where I can't even tell if people are trolling or are actually this fucking stupid.

Fuzzy_Logic
Fuzzy_Logic

meant

Lunatick
Lunatick

Jesus Christ you are stupid. Buy a passport and leave your basement.

Emberfire
Emberfire

@5296590
Nice bait.

CodeBuns
CodeBuns

This level of idiocy on a biz board.

You literally cannot open a services or utilities company in China unless you appoint members of the Communist party to your board to oversee the internal activities of your organisation.

Traders avoid the Chinese stock market like the plague, because the listed figures are changed to suit central planning agenda.

You are on the wrong board.

Lunatick
Lunatick

bch is actually worse.
fewer pools mine it
asicboost

Sir_Gallonhead
Sir_Gallonhead

"communism"
businessinsider.com/china-is-churning-out-a-new-billionaire-every-5-days-2017-10

Playboyize
Playboyize

is there anything the chinese do that is useful? i literally hate chinks so much. i hate every race, but chinks moreso. jesus christ everything about chinks is so fucking annoying.

idontknow
idontknow

And this is where Americans wake up to the realities of the world.

It used to be the joke that socialists would say "that wasn't proper communism" when you asked them to name a single example of a successful socialist state.

Now it's the other way around. When you tell a free market fundamentalist that Communist China is the world's most powerful nation, they will also tell you "That's not real communism".

BunnyJinx
BunnyJinx

he thinks "statist" = "communist"
They're a highly statist capitalist economy. They're effectively less socialist than most of western europe. Tbh less socialist than the united states even. Will probably change when they get richer and can afford to spread the wealth more around, but this is how things currently are.
You must be a burger aren't you?

SomethingNew
SomethingNew

Well policy wise they haven't been communist since Xiaoping, they operate much like the Asian Tigers that proceeded before them and produced the blueprint for rapid modernization and economic growth. The only difference is that China is a fucking huge country compared to the Tigers.

likme
likme

Not sure if dumbass or confusing China with North Korea

LuckyDusty
LuckyDusty

Meant troll*, not dumbass, but he's a dumbass either way

Evilember
Evilember

CHINA IS A COMMUNIST COUNTRY YOU FUCKING RETARD.

TreeEater
TreeEater

Tell me how any European nations or the US have more socialistic elements than China. Go on. It's such a dumb claim.

Economic structures are defined by the levels of control. China is a command economy with internal markets. Those markets may be allowed to implement or experiment with free market concepts such as price discovery, entrepreneurship, and competition while they fall in line with the direction of the Chinese government. However, the party still holds ultimate executive power and has the mandate to literally seize any private enterprise operating in the country if it so chooses.

It is communism. The western media commentary which tells you "China is becoming Capitalist" is literally just to placate you, make you stick to the assumption that socialists never win, and that "China has only got good now because it is copying America."

(I have in fact visited China, and I'm European and that's besides the point.)

idontknow
idontknow

avert yee eyes, you must be [ THIS RICH ] to veiw

JunkTop
JunkTop

all state control of economics is necessarily communism
Nazi Germany would like to have a word with you. If you had ever actually read Marx, you would know that economic regulation by the state is part of Socialism, not Communism. Communism by definition cannot take the form of a state; it only arises post-state.

Deadlyinx
Deadlyinx

Nice strawman you built to defeat there. Is it your first week on the internet? Who told you that all command economics was Communist? Not me. I said that China was not ruled by the free market. The Communist party rules China's free market. By definition meaning it only has freedoms up to a certain point.

Raving_Cute
Raving_Cute

You are confused about your political theory, too. You are essentially saying that communism either exists everywhere in the world simultaneously, or it cannot exist at all. Where is your proof for this?

It's not an unheard of take on it - it was a popular concept pre-Stalin, and was the reason for the internationalist movement. but from a purely economic perspective, it is simply untrue.

StrangeWizard
StrangeWizard

Comurisem

King_Martha
King_Martha

Does anyone even care about BTC?
I know you still need it for trading on some exchanges, but besides that it's a dying coin.
Even normies are aware of alts now.

Ignoramus
Ignoramus

傻B。你什么都不知道。我是个美国人,要告诉你:你错。

Spamalot
Spamalot

又找个傻B

AwesomeTucker
AwesomeTucker

Etherdelta is already buying BZC for 5x ICO price faggots.