It's unlikely China will respone in a strong similar way like the USA because it's clear that Beijing doesn't want it to be a direct confrontation in the way that can damage the global market.
Beijing is likely to intensify its economic alliances with other countries to offset the US market. One of the plans that can be taken immediatly is to promote projects such as "Belt and Road" Initiative (Known also as the new Silk Road that will connect China to the rest of the world), and also support more the BRICS project to counter the USA hegemony.
I think on the contrary, I believe that China will not give in and they are ready to confront directly if Trump still maintains his arrogant attitude and thinks that America can win.
China is the country that holds more than 50% of the rare earth supply and dominates the world's refining supply chain with a market share of up to 90%. That means if they issue a complete ban on rare earth exports to the US market. This would be a major blow to the US tech industry. I don't think Trump will let that happen because the consequences would be catastrophic for their economy.
Trump will have to give in.
We have seen Bitcoin price went down to 75k when there is first tariff tradeoff between US and Chine. The US president is losing his credibility by giving a statement and then backing off from that in few days. If same trend continues then no one will take US president serious in coming days. The Bitcoin went down due to new tariffs imposed by US on Chinese products but due to Chine firm stance US president has soften his stance. We must remain calm during such panic because Bitcoin price will eventually recover, just make sure we don't lose any money.
Trump softened his stance, pulled a bit of a TACO.
Price looks a little better but we are still $12,000 down from the ATH. Hoping we eat some of that up in the coming week. Would be great to get back to $120,000 quickly.
Therefore, ignoring Bitcoin as an asset is ignoring the fact that bitcoin has become an actual influential component of the contemporary financial system.
Critics actually ignores out of hatred. If they've only got clue of what actually bitcoin characteristics may posses, then they wouldn't even tend to ignore it so, let's leave it up to them that're acting out of lack of knowledge.
If bitcoin gets to $1 million today, you will still see the critics talking about bitcoin. There is nothing that you can use or be able to use to convince them but they will remain to be critics.
But I know that after a long period of time, bitcoin will always disappoint them. Bitcoin has disappointed the critics times within number.
The critics is the reason why Bitcoin is actually doing well today, if Bitcoin was loved by everyone, used by everyone, then the popularity and adoption wasn't been huge by today.
Critics make a product or a profile stands in the test of time, the same Bitcoin is everywhere because of critics everywhere.
Let the critics be there. They're also marketing tool for bitcoin speculations. Their implications initiates very high optimisms where after criticizing bitcoin in the public, those who're thoughtful before concluding will always do their research to know better about the "junk" bitcoin as heard but fortune that as they returns to the critics in the event of quoting them wrong that bitcoin isn't that bad as said. Then a wise critic who was criticizing bitcoin out of ignorance may follow suit by testing the dip.
Imagine after taunting bitcoin dip while assumes it's worthless to be asset and you just invested with an affordable funds you can actually let go and exercise your dramatic patient for a long time and then what you thought of being a nightmare comes reality where bitcoin would prove it potential value as a potential asset, I guess you'll ever regret missing out the good times when you were busy mocking it.
All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.
It's unlikely China will respone in a strong similar way like the USA because it's clear that Beijing doesn't want it to be a direct confrontation in the way that can damage the global market.
Beijing is likely to intensify its economic alliances with other countries to offset the US market. One of the plans that can be taken immediatly is to promote projects such as "Belt and Road" Initiative (Known also as the new Silk Road that will connect China to the rest of the world), and also support more the BRICS project to counter the USA hegemony.
I think on the contrary, I believe that China will not give in and they are ready to confront directly if Trump still maintains his arrogant attitude and thinks that America can win.
China is the country that holds more than 50% of the rare earth supply and dominates the world's refining supply chain with a market share of up to 90%. That means if they issue a complete ban on rare earth exports to the US market. This would be a major blow to the US tech industry. I don't think Trump will let that happen because the consequences would be catastrophic for their economy.
Trump will have to give in.
Satoshi Nakamoto is alive, and his real name is Nick Szabo
Satoshi Nakamoto - Nick Szabo S.N - N.S
Szabo is the only one among all candidates who, decades before Bitcoin, was actively researching and developing concepts around money.
Here is one of his texts where he writes about the history and the concept of money.
https://nakamotoinstitute.org/library/shelling-out/Before Bitcoin, he had a project very similar to Bitcoin called Bit Gold, but it failed The main reason Bit Gold failed was that there was no secure mechanism for digital scarcity there was no way to prevent double-spending and to ensure that each unit was unique and limited.It took Szabo 10 years for the problem to be solved and for Bitcoin to be created.
If you analyze Szabos texts and Satoshis writing on this forum, there are certain similarities in writing style, making it 99.9% likely that Szabo is Satoshi.
This is a new story i come accross regarding the Nakamoto search campaign different from what we used to see with Craig Wright. I remember see many other thinkers talking about the concept of money even before Szabo. So if i can find similarities with Satoshi style, would i say that they are the same person?
This narrative looks so logic if "according to you" there is a clear similarity between Szabo and Nakamoto. Can you please provide more proofs that the similarities was proven right? I am not an English native speacker on my own and i can't make the differences myself.
There's no accurate or hard proof that can point out the real identity of Satoshi and even if they said that Szabo is the closest entity that can be point out to be the real Satoshi still it doesn't unveil everything.
That's why the identity of Satoshi remain to be mysterious and search campaigns still didn't end up yet. Many people are still curious on his whereabouts.
But for OP maybe he should read this since I think this is an interesting story about what happen in the past
https://plasbit.com/blog/gavin-andresen-cia Even after creating bitcoin to curb with this, we see how bitcoin itself shifted a little bit from itss major goal to limit banking culture within society. There is still assumptions that bitcoin will be widely used in everyday transactions but always under banking control.
Satoshi made it very clear in bitcoin's white paper that he created it to be a peer-to-peer currency. But in the past 16 years, it has never been widely used and recognized as a currency, and no one wants to use it that way.
It can be said that bitcoin has completely deviated from its original purpose and we, Bitcoin investors, have killed the original purpose of bitcoin because of our greed.
If bitcoin is widely used in everyday transactions and is considered as currency but if it is under the control of banks. If that happens it just shows bitcoin has failed, so I don't expect that to happen.
You are correct Danica22, if bitcoin is under the control of bank it means that bitcoin has failed and a lot of people will lose faith in Bitcoin if bank is now controlling bitcoin it means that the government is controlling Bitcoin and those that are now using Bitcoin has no freedom anymore and the reason why satoshi nakamoto created Bitcoin will fail, so I don't even think it is possible for bank to control Bitcoin even the government has no control of Bitcoin no one has control of Bitcoin and it will remain like that and that is why it is even more trusted by people.
Some sort of people really don't understand the reason why bitcoin is been accepted by a lot of people it is because of its privacy and the fact that no one controls Bitcoin that is why people are investing in Bitcoin even nations are also investing in Bitcoin because no one has control over it when bitcoin is being controlled by someone or an organization it loses it trust.
So I also don't expect a bank controlling Bitcoin it will never happen.
Even after creating bitcoin to curb with this, we see how bitcoin itself shifted a little bit from itss major goal to limit banking culture within society. There is still assumptions that bitcoin will be widely used in everyday transactions but always under banking control.
Satoshi made it very clear in bitcoin's white paper that he created it to be a peer-to-peer currency. But in the past 16 years, it has never been widely used and recognized as a currency, and no one wants to use it that way.
It can be said that bitcoin has completely deviated from its original purpose and we, Bitcoin investors, have killed the original purpose of bitcoin because of our greed.
If bitcoin is widely used in everyday transactions and is considered as currency but if it is under the control of banks. If that happens it just shows bitcoin has failed, so I don't expect that to happen.
Some users may not mind the cost on subscribing to any of these services, while some will only maintain the use of free mode to some of them, we can't deny the way they have been found amazing in making the use of internet becomes more attractive and appealing because of the solution they provided and how they make things easier for us to achieve.
In my country, we still live in technology stone age. Believe it or not, we still don't have access to online international payments. People in my country can't use PayPal or Debit/Credit international cards. And even with virtual cards, we can't deposit into them by all means because we are not allowed to send money abroad without a permission from the central bank. Imagine we still can't buy stuff from azon or airbnb. Even Uber is not supported here. Why i say this? To mention we can't use paid versions of those apps. We are sticked at free versions includind companies and individuals, which make people unable to use the technology to improve their skills and businesses.
Personally, i prefer using deepseek. I asked him once about how to overcome the situation in my country like i just described. He simply suggested to use bitcoin or to leave the country.
Generally Chat GPT is more recognized than the Deepseek probably due to the level of their efficiencies on attending to users commands. Whether it is free or subscription AI, it should be drawn to attention that the AI can not be 100% correct especially if it is used as a tool to detect or research about uncertainty events.
Maybe perhaps both free and payable AI's are the same as long they can not be reliable at all course of it provisions but that base on your input though.
Let with me I will not afford to use such tool and still have to subscribe it when I know it can not be totally trusted and besides... In some cases the AI could profer you false information which could be misleading but until you realizes the limit the AI can function, then you will learn not to believe the AI can do everything.