U.S. Losing Grip on The Blockchain Industry

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Quote from: DooMAD on February 09, 2020, 03:13:16 PM

It stands to reason that crypto is going to flourish in the places with the least bean-counting regulatory interference and authoritarian government meddling. Meaning not America. But at the same time, definitely not China either.

Not automatically. If they could come up with something lightweight and assured people that was how it was going to stay that may attract more people. We all know though that they're incapable of being anything other than a lumbering beast.

Having to give Americans the boot must cost exchanges a great deal of money, but I guess not more than the cost of accommodating them. If they could tweak that they'd do well. They won't of course.

I wouldn't be reassured by a place operating out of the loosest jurisdiction they could unearth. The chances are high they'll just continue to migrate when they tighten up and eventually run out of options.

DooMAD

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Arguably, it's precisely because the US tried to tighten their grip that things started to slip through their fingers. As far as I recall, the first attempt to regulate crypto was the New York "BitLicense". I'm sure I remember a large exchange moving away from the US due to some US regulation or another. It stands to reason that crypto is going to flourish in the places with the least bean-counting regulatory interference and authoritarian government meddling. Meaning not America. But at the same time, definitely not China either.

gentlemand

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Quote from: jossiel on February 08, 2020, 04:13:55 PM

They are not interested in it, it is simple as that.

The developments so far have happened despite of the authorities rather than because of it.

That can work as long as it remains relatively under the radar. If it steps up to the world stage then that's when they need to pull their finger out. Let's see if they do.

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They are not interested in it, it is simple as that.

Let them pass it on China and with the CBDC idea coming from them or it came from another Asian country, they will take action on it as soon as possible. But if that's all they have and they really are not showing interest in it, they are not losing grip on it.

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Quote from: kryptqnick on February 08, 2020, 01:28:05 PM

In any case, it's unfortunate that the US does not see the Blockchain Industry as a potentially good investment. The government and traditional economists don't see it this way, at least. Some serious influential people actually do.

I watched all of the Libra hearing in Congress or wherever it was. There was a clear awareness from plenty of lawmakers that they risked chucking away their edge and sending the whole space elsewhere. Whether others will be willing to loosen up a little, or just show some common sense, is another matter.

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Quote from: DooMAD on February 07, 2020, 10:05:49 AM

Pffft. As if they've been at the forefront of technology all this time. Even back in the '90s, all the best games consoles, cameras, stereos and pretty much all the other electronic gadgets in our homes were Asian. The US is only at the forefront of empty boasting. I'd take a Samsung or Huawei phone over an iphone any day of the week. And I'd be willing to bet that most american phones are are either made in Asia, or primarily built from Asian parts. It's no surprise at all that the the US aren't a leading force in blockchain technology.

In short, this blog is a load of guff.

Well, I would not buy Huawei because of the scandals, but I do like my Xiaomi, so I agree with the point. Japan has been the leader of technologies for a long time. China is like a cheaper mass production version of what Japan does, as for me. But yeah, in the end, what I usually use is also Chinese. And the US is the country that makes the right investments into foreign businesses and establishes relationships that are profitable to it. Where the US might be the leader in technologies is perhaps weapons and space tech. In any case, it's unfortunate that the US does not see the Blockchain Industry as a potentially good investment. The government and traditional economists don't see it this way, at least. Some serious influential people actually do.

sn88p

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Now all productions are in Asia, Asia region are more actively developing that USA, there are a high qualificated personal in Asia. So no wonder that technology developing in Asia more actively they in USA, including blockchain technology.

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Quote from: mamamu111 on February 06, 2020, 04:00:57 PM

Since the end of World War II, the United States has been at the forefront of embracing emerging technology. This position has given the country a strategic advantage in

dictating how technology is adopted and setting the basic standards for its use. However, as we enter the new decade, the U.S. is at risk of losing its place as the leading innovator to Asia, impacting our technological future significantly..... READ THE COMPLETE ARTICLE VIA THE LINK BELOW.. https://worldpublicityblog.com/index.php/2020/02/06/u-s-losing-grip-on-the-blockchain-industry/

The only thing that the US have successfully been doing since WWII is generating tons of money out of every single aspect of human life

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That is mainly because blockchain has already penetrated not just the US for themselves to control and regulate, but blockchain has grown too far in a sense that it is now widely adopted in the entire world. What that mean is instead of blockchain or crypto imposing threat to US, turn table of the mindset of the people especially the government could possibly happened. How? In simple means of thinking whether blockchain is a friend or a foe to the development that it could bring to a system.

Moreover, time will come that instead of having a grip in the blockchain industry in such a way that they tend to control it, they might want to encourage people utilize it.

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Lol, was the US ever in a strong position in the blockchain race?

They've got one of the least favorable crypto regulations of any country, hence why almost every major platform (at least as far as trading is concerned) blocks or restricts US users.

The CFTC and SEC are absolute savages in the US, which is why most blockchain startups, except those with serious backing are unwilling to operate in the country.

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Quote from: mamamu111 on February 06, 2020, 04:00:57 PM

Since the end of World War II, the United States has been at the forefront of embracing emerging technology. This position has given the country a strategic advantage in

dictating how technology is adopted and setting the basic standards for its use. However, as we enter the new decade, the U.S. is at risk of losing its place as the leading innovator to Asia, impacting our technological future significantly..... READ THE COMPLETE ARTICLE VIA THE LINK BELOW.. https://worldpublicityblog.com/index.php/2020/02/06/u-s-losing-grip-on-the-blockchain-industry/

Thinking about this or that country having superiority in high technology industries is kinda stupid.
Many US corporations have invested billions of dollars in Asia during the last few decades.
Asian corporations were copying or directly stealing US patents,now they have gained enough capital and knowledge to invest and create their own high tech innovations and patents.
Anyway,the United States will remain a tech leader in the next decades,because all the smart geeks worldwide want to go to work in USA,rather than China or some other Asian country.

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US has been the standard for what's 'next'. They mainly develop technology far more advanced than other Asian countries (except maybe Japan) in the past. Asian countries like China rebrands these technologies and mass-produces them for consumer use.

However, I do agree it turns out the other way around this time. Mainly because of political factors. But improvements in technology kn China (such as AI) makes them a contender to the race.

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Quote from: dothebeats on February 07, 2020, 10:25:47 AM

This article is wrong in so many levels.

First, the forerunners of technological advancements had always been the Asian countries. Japan, Taiwan, South Korea and China just to name a few, and only the US engineers have integrated some of these useful technologies produced in Asia into their own technology/innovation. While there had been numerous bright engineers hailing from the United States after the Second World War, we can't deny the fact that Japan, Taiwan and China mainly carried the torch for technological advancements and had been responsible for creating the framework of the technology that we are enjoying today.

Nah. The named countries are certainly much better at refining and packaging technologies and exploiting their potential. They don't best America and other Western countries in the initial invention stakes. And Chinese inventiveness peaked several thousand years ago. These days they just nick stuff.

As for 'blockchain', I'd be interested to know how much of an effect the language barrier has had, but I struggle to point to any significant technical development introduced by non Westerners. America hosts some of the biggest exchanges, has the most sophisticated financial instruments for crypto like GBTC and CME etc and probably has the most crypto owners. Despite that they may well throw it all away with onerous demands. It's something they should be conscious of.

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Quote from: Anonylz on February 07, 2020, 10:59:10 PM

I didn't know they had their grip on it before, US not exactly open to anything related to blockchain and crypto and has never been, reason why most of the blockchain related project are not situated there, so how are they losing grip of it if they never had a grip of it?
The US government has demonstrated time an again displeasure over blockchain, the president has made open commitments about his opinion regarding btc, so what have they lost Huh

Or this nois is because other countries are beginning to embrace the technology and they are ashamed to admit they are wrong.

The fact is that Bitcoin can really violate the US Monopoly on influence on the entire financial world on its own with the help of the dollar. Bitcoin can become an international currency that will be appreciated in every country due to its technical characteristics and features, because today almost all countries of the world are hanging from the dollar, and the United States of America really controls the dollar.

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I didn't know they had their grip on it before, US not exactly open to anything related to blockchain and crypto and has never been, reason why most of the blockchain related project are not situated there, so how are they losing grip of it if they never had a grip of it?
The US government has demonstrated time an again displeasure over blockchain, the president has made open commitments about his opinion regarding btc, so what have they lost Huh

Or this nois is because other countries are beginning to embrace the technology and they are ashamed to admit they are wrong.

minairia3

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Its not that they losing grip. They just want to control and dominate this affect of business industry. Why do you think US is so strict when it comes to blockchain technology and criticising almost all new projects even though its not on their territory. Obviously they are afraid to be left behind. Majority of crypto enthusiasts are residing on their home turf proven that they are the one in the frontline. Sad but true, Asian countries are being opressed by their agressiveness.

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But 75% of the jobs opening related to the blockchain technology are located either in the USA or in the UK (from an infographic I saw a long time ago). And all others are remote jobs in the majority. It still means that most of the businesses are located there. (I'm referring to the blockchain tech. in general, not about altcoins projects).
If there are incentives from other countries for companies this could change very quickly of course. In any case, they are going to stay where there are few taxes to pay, as always. I can't imagine IBM or Amazon moving to China...
Asia, as the next place, isn't surprising since most tech. companies are there. Cheap workers, cheap for everything.

The blockchain won't #MAGA Grin

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The U.S. still has Wyoming:
A Haven for Blockchain: The Case for Wyoming
Three bills in the state legislature, combined with zero taxes and cheap power, should make Wyoming a competitive location for blockchain ...
https://www.coindesk.com/haven-blockchain-case-wyoming

Go USA! Roll Eyes

dothebeats

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This article is wrong in so many levels.

First, the forerunners of technological advancements had always been the Asian countries. Japan, Taiwan, South Korea and China just to name a few, and only the US engineers have integrated some of these useful technologies produced in Asia into their own technology/innovation. While there had been numerous bright engineers hailing from the United States after the Second World War, we can't deny the fact that Japan, Taiwan and China mainly carried the torch for technological advancements and had been responsible for creating the framework of the technology that we are enjoying today.

The only thing the US is known for at the top spot is constantly promoting terrorism by creating their 'anti-terrorism' campaign. Idiotic and ironic, right?

achach

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Did they have any control over it? I doubt.

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