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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!
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
If the translation is right, he said "breakthrough applications" and not "breakthrough technology". See the difference?
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.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
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.
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