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Chinese President Xi Jinping Calls Blockchain a 'Breakthrough' Technology (cnbc.com)
Even as cryptocurrencies continue to draw skepticism from some, at least the underlying technology, blockchain, has found yet another high-profile admirer: Chinese President. Xi Jinping said in a speech this week that blockchain has "breakthrough" applications. From a report: "A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications," he said Monday, according to a translation of his remarks. Xi also emphasized the need for China to focus on technological development and become the global center of science and innovation.
You can track EVERYTHING with Blockchain. Make the one-time association between user and hash, and you have everything they ever do. Perfect for an all-controlling State!
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do the math...
If the translation is right, he said "breakthrough applications" and not "breakthrough technology". See the difference?
Blockchain is commonly defined by investment folks as such, sure - but it's just a database oriented to ensure uniqueness and carefully tracking user access.
Here's a gaming-oriented view on how Blockchain can be used more generally, and not just to ask for money:
https://www.youtube.com/watch?...
Perhaps in the end, it will all be a dead-end, since those same ideas can be mixed better in something not called 'Blockchain' - but as it is, it is nicely well-tested set of code you can use for lots of other stuff. It seem a waste to not use it as a basic toolset, when it's so relatively well-tested.
Ryan Fenton
what Xi is saying is that the next 5 year plan will have money in it for block chain. you can bet the researchers at universities in china are already developing ideas.
nothing to see here - move along
China has always been a fascist oligarchy, like pretty much all Communist nations end up (or, more accurately, start at and never move beyond). A small group of families run everything, and maintain dictatorial control via 100% State control of key industries. China still does this - complete control of communications, steel, transportation (air and rail), banks, and a few other key industries. It also maintains strict controls on the flow of currency in and out of the country, as well as goods and services; not just tariffs on imports, but required tariffs and controls on exports.
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I wonder what it's like to have a leader who understands things.
Well at least with the popularization of hashtags Americans have finally progressed beyond calling # a 'pound'.
It would have made the #metoo campaign a little... awkward.
"Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
Nope. Clearly the government of China is impressed by developments in Russia and are themselves going to pursue changing China to a technocracy https://en.wikipedia.org/wiki/.... Democratic at the mid to high level and the rest are taught to vote the right way. It is in line with current trends, it provides significant developmental and economic advantages. The US kakistocracy is rapidly consuming itself, a snake eating it's own tale, being eaten alive by corruption and trying to compete with technocracies will tip it into collapse (it will have to spend enormous amounts whilst corruption steals away most of what is spent but the demand to spend more in order to compete with the technocracies will drive it to continue even though corruption is consuming all of its efforts beyond be able to spread chaos and carnage).
Chaos - everything, everywhere, everywhen
Everyone in China gets an encrypted social credit https://en.wikipedia.org/wiki/.... All transactions get tracked.
When the Communist party detects anything that is not approved that social score is lowered.
The "blockchain" is not just about creating new wealth.
Domestic spying is now "Benign Information Gathering"
You are an absolute idiot, there are almost 3000 elected officials in the Chinese government; the fact that China actually has election within CCP is probably lost upon you. Calling China a fascist oligarchy is like calling US is a fascist oligarchy, it is moronic. The fact that you are even somehow voted 5 informative shows ./ is full of idiots, probably (hopefully) just Americans.
Hmmm... Hi there, I lived in China for 6 years, been spending half my life there for the better part of 20, and my wife is Chinese. One of my best friends is Chinese, still lives there, and has worked his way up quite high in the Zhejiang provincial power structure (politically connected into Beijing, and he runs a division of a heavy industry owned outright by the CCP). Only certain members of the CCP can vote, you need to be sponsored in to the CCP in the first place, and each election has almost always a single candidate for any position. Those "3000" people are all from the same families, they never change over. Xi is causing a bit of a disruption because he's being a bit more vindictive against his political enemies as compared to the last several PMs (who always serve for 2 full terms, for some reason)...
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