China’s Bitmain dominates Bitcoin mining, wants to cash in on AI

Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by Tenoke on Tuesday August 22, 2017 @07:01AM (#15071217)

>How great would it be if AI advances ended up controlled by an authoritarian Chinese government built off of the profits of libertarian Bitcoin users?

Bitmain is a private company. And even if you can describe bitcoin as a libertarian technology, I wouldnt think that most of Bitmain's profits come from libertarians based on who uses their hardware.

>It's kind of fascinating just how dependent the value of cryptos and interest in them has been dependent upon China.

Nothing special in the biggest part of the market dominating the price the most, really.

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Re:China’s Bitmain dominates Bitcoin mining, wants to cash i... by digitalzombie on Tuesday August 22, 2017 @08:13AM (#15071575)

I think most libertarian see it as libertarian because it is not issued by any government and so it isn't affected by gov when they change interest rate.

It is purely dictated by the market of supply and demand.

This is just what I think why Libertarian see it as libertarian; I'm not one in any real sense nor do I subscribe to any of Ayn Rand's reasoning.

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