RE: China Puts On Harsh Sentences For Bitcoin Fundraising
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Bitcoin is a monetary network, it means that it's not the amount of users coming in but the amount of value it brings in. As western economies in Europe try to tighten their grip on flows into Bitcoin and China do too, it only means massive capital allocators cannot get exposure.
This helps with the early redistribution of value and keeps the little guy in the pound seat if he or she is willing to stack. Once the exclusion of the bitcoin standard comes back to bite your country as others progress past you, those flood gates will eventually release.
Dear @chekohler, I didn't know about cryptocurrency, but I could understand a little bit by reading your article.
I've always wondered how cryptocurrencies can affect the world's politics, economy and life.
As you argue, if Chinese students and citizens in 1989 received global funding through cryptocurrencies, their protests may have been successful.
I thought that if cryptocurrencies displace fiat money and dominate the world, individuals could easily get global money and develop the world in a balanced and equitable way.
I don't know how it will affect politics I think we're seeing it now in real time, with El Salvador embracing bitcoin, while Venezuela becomes a crypto state not by choice but necessity and then whats going on Canada and Ukraine, this is the next test for bitcoin so lets see how it fairs
Dear @chekohler , Americans and Western Europeans talk about the advantages and limitless value of cryptocurrencies. However, you are talking about the impact of cryptocurrencies on non-Westerns like us.
So, the claim of a non-Western person like you is a special experience for me.
I felt that you certainly gave a different perspective to the way East Asians like me use cryptocurrencies than Westerners!
I felt that you are definitely giving me a different perspective from Westerners on how to use cryptocurrencies.
I guess you are an Indian living in Cape Town, South Africa!
I agree with you, it's hard to understand how it impacts our nations, as most of the content is western-centric, I myself would love more critical looks at bitcoin and crypto from a developing country view so I can learn more.
I am glad you finding value in my learnings, but I am no expert, just someone trying to figure it out like the rest of us, and sharing my thoughts
Lol No I am not Indian, my heritage is a mix of South African, Philippines, German and Chinese, but you wouldn't be the first to think so, many people when I have travelled think I am their nationality. I've been asked if I am Egyptian, Columbian, Mexican even Pakistani, but I've worked with many Indians who have moved here and I do enjoy a Masala dosa, or chicken korma like everyone
I agree with you! Especially for East Asians like me, it is difficult to understand cryptocurrencies because they are not used to English. So, East Asians understand cryptocurrencies as speculative products simply for making money.
I think we should study how cryptocurrencies will affect people from non-Western countries like us.
So, I look forward to helping you a lot in the future.😄
I had a gut feeling that you have a similar sensibility and intelligence to Asians!
South Africa is one of the most developed countries in Africa because it has the most European orientation in the black African world.
I felt that your point of view as a non-Western person had different charms and values than Americans and Europeans!
With your help, I want to break free from a western-centric view! 😄