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Comment Re:Might as well invest in tulips (Score 1) 84

Crypto is NOT useless, it is a currency where anyone can pay anyone, and it is essentially impossible for governments to stop it (in theory it might be possible, but so far we don't seem to have seen that).

In practice, that makes it useful for a lot of things, including payments that might get sanctioned like oil from Iran, or outright scams like ransomware (no citation needed since everyone here is aware of that).

And in the last few months, coinciding roughly with the drop in virtual currency prices (it's not crypto), we've seen a lot of scammers arrested and forcible removal of a president who was evading sanctions.

tl;dr scammers disappearing means less demand for bitcoin.

Comment Re:Hyperbole (Score 1) 65

China isn't communist.

They are led by the communist party.

They were moving away from communism for a long time, doing things like privatizing land and allowing capitalists into the communist party.

But since Xi, they've turned back towards communism, arresting the capitalists and following "Xi Jinping thought," which is "communism with Chinese characteristics." You can read about it on Wikipedia (and other places, but Wikipedia has a good summary): https://en.wikipedia.org/wiki/...

Comment Re:Hyperbole (Score 1) 65

You are blaming Trump for China weaponizing rare earths. China has been planning on weaponizing rare earths since the 80s, and actually weaponizing them since long before Trump was president.

Spend more time reading history. It's not about Trump.

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