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China - Usa: Is Crypto War Coming?

China - Usa: Is Crypto War Coming?

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On our television screens we see these presidents shaking hands. But in practice, the United States imposes high tariffs on raw materials that are exported to China. It's a boomerang effect. The US needs microelectronics components made in China. The truth is that the commercial exchange between these two giants is of enormous dimensions.

The decentralized and tax-free nature of the Blockchain has the economists of nations very busy trying to figure out how to make a profit by applying some kind of tariff to crypto market operations.

China has the highest concentration of mining in the world. In fact, it represents an environmental impact for this country, since most of its energy generation comes from the combustion of hydrocarbons.

It should come as no surprise that at some point the economies of these countries focus on the crypto-finance market. This market is volatile like any other where there are fluctuations in values, but it is still much more stable than the oil market for example.

Now, some questions arise:

Would the current Blockchain infrastructure have the capacity to absorb such a magnitude of investments? We all know of the imminent collapse of the capacity to process requests that the blockchain presents. Furthermore, who would benefit from such a magnitude of investment? Suppose they decide to acquire Bitcoin, the value would rise sharply. What would happen to the other cryptocurrencies?

There is also the possibility that these nations create their own cryptocurrency. Perhaps there would be monopolization.

War is like a game of chess, sometimes you have to sacrifice pieces. Sometimes you have to pressure so that the opponent also gives in. But in general what is sought to give checkmate.

@juanmolina

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