In the markets, China has surprised me more than once. The last attempt to shutdown a major Bitcoin exchange preceded a major rally which basically got us where we are today (strong US investments are coming in now). It is harsh but it really teaches people to be smart and strong. Those that are both, are rewarded. I'm very grateful to the Chinese for all they have done so far.
I understand that currencies and markets tend to be protectionist from political instability but this doesn't change the discriminatory nature of this move. How would you feel if you were Chinese? I would feel like a second class citizen in this case.
I would have a lot of adjusting too do.. At a high I would imagine it is all the same: wake up friends and family (the masses), overcome fear, see the insanity where it exists, use and demand new systems that make the old systems obsolete, boycott evil even if it is more convenient.
This is just a statement that allows Block.one to cover their proverbial a## while having exactly zero bearings on Chinese people's ability to effectively invest in EOS. Let's not get too sentimental.
US Residents were also banned from purchasing EOS. China is being more extreme though. Places like South Korea, Japan and Switzerland are leading the way. Zug is the first City to put its residents on blockchain Government ID's.
In the markets, China has surprised me more than once. The last attempt to shutdown a major Bitcoin exchange preceded a major rally which basically got us where we are today (strong US investments are coming in now). It is harsh but it really teaches people to be smart and strong. Those that are both, are rewarded. I'm very grateful to the Chinese for all they have done so far.
I understand that currencies and markets tend to be protectionist from political instability but this doesn't change the discriminatory nature of this move. How would you feel if you were Chinese? I would feel like a second class citizen in this case.
I would have a lot of adjusting too do.. At a high I would imagine it is all the same: wake up friends and family (the masses), overcome fear, see the insanity where it exists, use and demand new systems that make the old systems obsolete, boycott evil even if it is more convenient.
and make new systems ourselves.
Absolutely.
This is just a statement that allows Block.one to cover their proverbial a## while having exactly zero bearings on Chinese people's ability to effectively invest in EOS. Let's not get too sentimental.
US Residents were also banned from purchasing EOS. China is being more extreme though. Places like South Korea, Japan and Switzerland are leading the way. Zug is the first City to put its residents on blockchain Government ID's.
This is really a very nice post.