Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by robocat on Wednesday January 10, 2018 @08:37PM
(#16120822)
It happens with streetlights in Belgium: https://nytimes.com/2017/12/12/world/europe/belgium-electric...
“Streetlight consumption translates into profits for electricity producers, distributors and the state, he said. The profits of electricity distribution companies are paid out ‘in dividends to the local municipalities that own shares in them, and in salaries and stipends to the local politicians who sit on their oversight boards,’ he explained.“
Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by moz23 on Wednesday January 10, 2018 @11:11PM
(#16121338)
Well, there are things like the US prison system, US telecommunications, US military industry, etc., etc., that would give you lots of good results.
Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by hello_newman on Wednesday January 10, 2018 @08:05PM
(#16120643)
In China, everything has a price...
Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by vm on Wednesday January 10, 2018 @08:14PM
(#16120699)
Every country has corruption, both illegal and legal. https://en.wikipedia.org/wiki/Corporatocracy
Re:Bitcoin Can Drop 50% and China Miners Will Still Make Money
by adventured on Wednesday January 10, 2018 @09:57PM
(#16121126)
The bottom 150-160 countries in terms of corruption are extraordinarily corrupt compared to the top few dozen that are the least corrupt. The gap between New Zealand or Denmark, two of the least corrupt nations, and Croatia or Hungary, is night and day.
There is a dramatic acceleration of corruption after you get outside of that general top 30-40 group. Your statement is an equivocation, when in actuality the level of corruption often varies dramatically from nation to nation. Saying every country has corruption is meaningless as such.
https://www.transparency.org/news/feature/corruption_percept...
Has this happened before? It sounds bizarre and Googling gave me nothing.