China will launch a state-backed blockchain to support NFTs

Auburn_Tigers

Limp Gawd
Joined
Mar 16, 2013
Messages
432
China doing China. Putting a block on anything that deals with money, until they can
control it. So, my thought is. Is it not amazing how all this starts to play out, when were only
a few months away from when the new video and cpu's will start dropping out? That China
says, nft Bitches. Can anyone say extreme shortage now. It starts all over again. But it will
all be put on China's surge of new nft miners. Not really shortage, more than a lie. Kyle says
shortage, but any day I want to buy a 3090, 3080 TI, 3080 or a 3070. All I have to, is fork the
money out for a new pc. Bam, anytime I want, anyplace I want. Bam!!!! High end graphics, but my
thought is this. If, and I'm saying if, there really is this shortage. Why can any day of the week
I choose, is it, that I can buy a high-end graphics card in a prebuilt system? I know, we all can
say well, companies are just looking out for the resellers. But is not a shoratge, a shortage for
everyone, or is just a shortage for people like you and me?
 
Didn't they ban mining some time last year? Do they expect the rest of the world to validate these NFT transactions or was the ban only limited to warehouse style operations?

Also might want to add some paragraphs ;)

Edit: did some reading and it's their own, closed/private blockchain that they're only accepting Yuan for payments with. So there is no distribution of mining, it's all government-controlled...
 
This is safe to assume in any situation regarding China.
Perhaps but given all the caveats from what I briefly read it seems like there's no reason for it to even be blockchain based. Wonder what the reasoning was.
 
This is safe to assume in any situation regarding China.
Under dictator-for-life Xi Shin Ping, Every company must serve the State and above all, The Party. Why should blockchain be any different?

Makes me long for the days of Deng Xiaoping.
 
Under dictator-for-life Xi Shin Ping, Every company must serve the State and above all, The Party. Why should blockchain be any different?

Makes me long for the days of Deng Xiaoping.
Makes me long for the days when the entire planet wasn't bowing down to China in the name of corporate greed and profits at the cost of the human soul.
 
Where are these PC's with high end graphics cards ?

You mean like this one ?..............https://www.newegg.com/hp-pavilion-tg01/p/1VK-001E-4C7F8?Description=hp%20pavilion%20tg01&cm_re=hp_pavilion%20tg01-_-9SIAA0SFNF0334-_-Product
 
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