China can export "electricity" to US and there is nothing Trump can do to prevent or tax it

Discussion in 'Economy' started by grbb, Aug 22, 2018.

  1. evenflow1969
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    evenflow1969 Gold Member

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    Bit coin is made of electricity it is not a solid object it is stored in computer code. You send the correct electrical impulses to an owner of bitcoin and the electric becomes bitcoin!
     
  2. evenflow1969
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    evenflow1969 Gold Member

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    Bitcoin would be nearly impossible to detect and root out. Electric currencies could pose a big problems, for governments in the future.
     
  3. McRocket
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    McRocket VIP Member

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    Yes, it would be EXTREMELY difficult to find someone possessing or using Bitcoin (assuming both parties in the transaction keep it quiet). That is why organized criminals and terrorists love it so.

    But if the government bans Bitcoin, than it is immediately impossible to use it in the U.S. for legal tender at almost any retailer. Certainly any major/medium-sized retailer. There is NO WAY a retailer is going to risk pissing off the US government/IRS by using Bitcoin, if it were deemed illegal in America.

    That is my point.
     
  4. evenflow1969
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    evenflow1969 Gold Member

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    There is always some body that will!
     
  5. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    what planet have you been on . Trump lies instead of talks. Times publishes them by the 100's. Why not see for yourself???
     
  6. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    ?? Trump is mostly a free trader who is using tariffs against those who have used them against us to encourage them to end the trade war they have been winning
     
  7. grbb
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    grbb VIP Member

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    If that is indeed the case then I am all for it. China shouldn't put too many rules on US tech companies. No need for requirement of transfer of technology. No need for those. If they keep doing it, it makes sense if US retaliate with tariff.

    That being said, I seriously doubt that it's the real issue.

    US workers are simply overpaid. You don't pay 50k a year to someone that just drive car. There are tons of car drivers in Indonesia and mexico you can hire for cheaper.

    Yet you insist on doing just that.

    They are citizen. They can vote. They vote for higher minimum wage and they vote to keep cheap immigrants out.

    Fine.

    That means american business need to pay more for workers. And it's hard to compete when the laws and rules are not in your side. Much easier to move factories to china and import from there.
     

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