/biz/ - Business & Finance

>>12173324
>>12174563
Jesus guys, get a basic grip of what a blockchain transaction is before investing in it.

A wallet is nothing but a user interface to turn a string (private key) together with some choosen input to another string, the tx (code to invoke a small script, e.g. one that moves some crypto).
A transaction (the script input) is just a few kilobyte.
All crypto (a set of address:amount pairs) is only ever stored on the blockchain. Thousands of people (the full nodes) all "have" all crytpo, but can't move it without the right code.
No crypto was ever in any peoples "wallet".
MEW doesn't hold any crypto. MEW is a website. A website is some html text you can call with your browsers, being downloaded from the server (computer) of the guys who made MEW. The html text has javascript code, which is a real language that your browser can also execute. The private-key-to-transaction code is expressed in javascript, that's their " service" to you. You ciuld also create a bitcoin or ethereum transaction on paper in principle.
The only security risk with MEW is that if they are evil, they make the html/javascript send info about your private key back to your server when you enter it. I don't think the risk is high, but it's trust of course.

>>12015324 #
I have seen a lot forced memes in my time but this spinning smug face is just fun to look at

>>11922524
$100k per inch that you're below 6'6

GDP and economic production is a linear function of energy inputs (energy production/usage).

China is going to build a network of thousands of massive nuclear power plants, subsidized by the state (free electricity in unlimited quanties) and completely automate its industrial production with robotics (the chinese are building robot factory/AI research cities and I have driven through them and seen 50 km of highway billboards of companies building different industrial robots).

And then will just export all of the cheap manufactured good to the rest of the world over their train (one belt-one-road) and shipping empire.

While Canada, Europe and the west adapts "zero growth", no carbon, high debt, no industrial policy, anti-industrial growth policiss and has their domestic industries destroyed.

And we are not entering a "post-industrial" society, but a hyper-industrial society where human service jobs are replaced by mass produced objects (automation, AI, robotics, IoT).

The US and Europe does not even have a manufacturing supply chain anymore, except for a few monopoly industries. They cant even manufacture motors and do not even have access to rare Earth metals. Silicon Valley does not even have chip manufacturing capacity anymore.

IoT means that the industrial, military and consumer markets have merged and share the same supply chain and manufacturing base. The countries with the largest domestic consumer base will dominate the military, industrial and consumer products markets (highest volume, lowest cost) and dictate the standards globally.

Countries without a middle class do not have enough consumer demand for industrial production of electrics and to support military, industrial, consumer manufacturing toolchain or industries.

The US and EU need a civil war to turn around at this rate.