Skip to main content

China ready to dominate the CryptoCurrency markets of the future using supercomputer power superiority


Max Keiser and Stacy Herbert discuss China's superiority in supercomputer power field and the possible impact on China's domination in the CryptoCurrency markets of the future. As Herbert describes based on a related article from Technology Review:

If you want to crunch the world’s biggest problems, head east. According to a newly published ranking, not only is China home to the world’s two fastest supercomputers, it also has 202 of the world’s fastest 500 such devices—more than any other nation. Meanwhile, America’s fastest device limps into fifth place in the charts, and the nation occupies just 144 of the top 500 slots, making it second according to that metric.

The world’s fastest supercomputer is still TaihuLight, housed at the National Supercomputing Center in Wuxi, China. Capable of performing 93 quadrillion calculations per second, it’s almost three times faster than the second-place Tianhe-2. The Department of Energy’s fifth-placed Titan supercomputer, housed at Oak Ridge National Laboratory, performs 17.6 quadrillion calculations per second—making it less than a fifth as fast as TaihuLight.

The American government is painfully aware that it’s now a laggard, and a $258 million funding injection into the Department of Energy’s exascale computing project is supposed to ready a system capable of performing one quintillion operations per second—10 times the capacity of TaihuLight—by 2021. But, er, China reckons it will achieve the same feat as soon as 2020. Right now, then, China has America’s supercomputing industry beat.

As Keiser points out:

This is very important because competing power and speed are the defining characteristics of a superpower. It's not about weapons, it's not about infrastructure so much, it's not about having cultural soft power. It's about having really fast supercomputers.

One obvious application is that China will be in a position to dominate the CryptoCurrency market, and CryptoCurrency market is the de facto 21st century economy and finance and currency, so this is part of the Chinese 21st century program, China 2025.


The article from the Technology Review also describes a fierce competition between China and the United States in the supercomputer power field. However, concerning the CryptoCurrency markets, China has already a big disadvantage against the US, not only because of its current superiority in supercomputers, but mostly because of the different policies adopted. The United States insists on the obsolete system of the traditional US dollar as the global exchange currency, while struggles to maintain that system through wars and devastating interventions around the globe, exactly because the US foreign policy has been totally surrendered to the financial-military-industrial complex.

As has been described recently, Russia also made a first move to issue its own CryptoCurrency. While Vladimir Putin implied that CryptoRouble comes as a natural attempt by Russia to participate in rapid developments in the sector of monetary and commercial transactions, it is quite probable that there are other reasons too. At the time where Russia struggles to overcome continuous sanctions by the West and BRICS seek complete independence from the Western monetary monopoly, the move could contribute significantly towards the achievement of both of these goals.

Previously, we had the first serious attack against Bitcoin by the Western banking cartel through JPMorgan CEO Jamie Dimon, which was a serious indication that Bitcoin and other CryptoCurrencies could become a real threat against cartel's monetary monopoly, which gives significant power to the mega-banks of the West, even up to the point to 'design' major financial crises.

Dimon's attack could be related to a recent statement made by the Head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, that the BRICS are considering to create their own CryptoCurrency for the purposes of global commerce.

Such a move could help BRICS to decouple economies from the Western neoliberal monetary monopoly, even faster. With the technology of more powerful computers in close future that could 'mine' CryptoCurrencies at much faster rate, the number of people who will choose to abandon traditional currencies may rise rapidly. Those who will set-up such a de-centralized financial system, will gain a great advantage against the obsolete system of traditional currencies controlled by central banks.

Petrodollar already struggles to maintain its dominance as many countries have chosen to 'revolt' against it and proceed in major transactions with domestic currencies, or suggest such an alternative. Latest example, Venezuela.

As the BRICS bloc grows economically quite fast, the prospect of a BRICS CryptoCurrency will contribute to the quicker demolition of dollar domination. There is a deeper reason for which the US empire is terrified in such a case. Since the early 70s with the abolition of the gold standard, dollar became the dominant currency in global scale. This fact permitted the US financial-military-industrial complex, expressed by the neocon/neoliberal ideology, to design economic and military wars in every corner of the planet to maximize its power and profits. All it needed was just machines printing dollars. The rest was the easy part.

Therefore, the prospect of a global economy flooded with decentralized CryptoCurrencies and other CryptoCurrencies issued by a major rival bloc, will become the worst nightmare for the US empire and its Western allies.

As one can understand, the CryptoMarket anarchists have nothing to fear. A CryptoCurrency issued by BRICS, or some member-states, or even other countries separately, will not be a threat for the decentralized nature of the rest of CryptoCurrencies. On the contrary, it will give them a significantly wider field and greater opportunities for all kinds of transactions inside a dynamically growing economic bloc which, if nothing else, does not rely on wars and destruction to maintain its dominance.

Comments

Popular posts from this blog

Confirmed: Alex Jones' popularity rises after Infowars banning from social media

globinfo freexchange
We wouldn't expect to be confirmed so fast on this.
A few days ago in the article IT and social media supergiants have just made Alex Jones a hero in the eyes of the ultra-conservative audience, we wrote that Alex Jones' wet dream has just become reality thanks to the combined move by Facebook, Apple, YouTube and Spotify to ban Infowars. These private IT and social media companies couldn't give a better gift to him right now. At a time where Infowars was going through a saturated period according to the best scenario, the corporate giants actually saved it with that stupid(?) strategy.
Suddenly, a corporate branch of the liberal establishment gave real value to Alex Jones' awful performance, pretending to be the 'anti-establishment' hero - just like Donald Trump - and made him a real hero in the eyes of the ultra-conservative audience that has been brainwashed by his absurd conspiracy theories.
Only a couple of days later, Kyle Kulinski of the…

Corporate media begin typical operations to make progressives comply with the establishment

The operations will multiply and become more aggressive towards 2020
globinfo freexchange
Corporate media of the ultra-conservative side made already a ridiculous attempt to present Alexandria Ocasio-Cortez as totally unreliable. In the video, TYT hosts analyze very well the specific strategy followed by Conservative Review TV.
The strategy is quite simple: you create a fake video, you upload it on social media and after being watched by thousands you admit that it was created for satire purposes. Yet, the propaganda will be definitely effective because only a small portion will notice that this was satire. Most of the viewers (especially from the conservative audience that has been heavily brainwashed for decades to love corporate America and believe whatever comes from the Fox apparatus) will believe whatever transmitted from the ultra-conservative propaganda machine.
But the corporate media of the liberal side have a very big problem right now. It is almost impossible to start an open …

While you've been occupied with that Infowars-banning story, the establishment machine already started a covert censorship operation against leftist independent media

globinfo freexchange
Developments are coming like storm. Just when the prediction that Infowars banning will actually strengthen Alex Jones' popularity became true, it seems that our second 'prophecy' (and prediction by many progressives), also becomes true. According to this, Infowars banning will be used as a blueprint by the establishment machine to shutdown progressive independent media and voices, based on that 'fake news' narrative.
We wrote that a corporate branch of the liberal establishment gave real value to Alex Jones' awful performance, pretending to be the 'anti-establishment' hero - just like Donald Trump - and made him a real hero in the eyes of the ultra-conservative audience that has been brainwashed by his absurd conspiracy theories.
Max Blumenthal speaks with Aaron Mate and gives details about Alex Jones' dark role in the whole story:
Alex Jones has always served establishment priorities. First, by taking the 9/11 truth movement, whi…

‘I knew and approved the assassination of Maduro’ claims TV show host

globinfo freexchange
Peruvian journalist Jaime Bayly claimed in his TV show Bayly, that he was aware and had personally approved the attempted assassination of Venezuelan President Nicolas Maduro.
"My reliable sources have called me and told me 'on Saturday we will assassinate Maduro' and I told them 'do it'," he said in his show and added: "When they asked me if I would condemn their move I replied that if they want I can buy them another drone."
Referring to Maduro, the journalist called him to be on alert. "My friends," he said, "are very capable, they have already scared you and there are more to come".
In a press conference, Maduro wondered how it is possible a host of a show in the US stating openly that he was aware of the attempted assassination.
Info from:
https://info-war.gr/gnoriza-kai-enekrina-ti-dolofonia-madoyro-ischyrizetai-paroysiastis-sto-maiami/

Meanwhile, Venezuelan Attorney General, Tarek William Saab, announced Wedn…

How normal human behavior became a false mental disorder epidemic

globinfo freexchange
In the early nineties, an epidemic of mental disorder was sweeping America and Britain. It had been uncovered by a new system for identifying disorders. Psychiatry had been attacked for relying on the personal and fallible judgement of psychiatrists.
But instead, a new objective method based on checklists had been invented. These listed only the objective symptoms, and deliberately did not enquire into why the individuals felt an anxiety. In the late 80s, nationwide surveys had revealed an incredible picture: more than 50% of Americans suffered from mental disorders.
But at the very same, the drug companies had announced that they had created a new type of drug, called an SSRI, which they claimed, targeted the circuits inside the brain that were causing these malfunctions. The SSRIs were marketed under names like "Prozac". What they did was alter the amounts of serotonin that flowed across the circuit connections within the brain, and they readjusted the …

The US empire was always conducting trade wars that even included deliberately created cartels

globinfo freexchange
Donald Trump is using his trade wars to support the part of the US capital that has heavily lost from free trade globalization, which is more powerful than ever in our days. This is also part of the Trump agenda to persuade Americans for his "patriotic devotion" based on his "America First" slogan.
The reality is that the US empire was always conducting trade wars that included not only tariffs on specific products, but even deliberately created cartels.
In the early 90s the Clinton administration uncritically adopted the neoliberal doctrine from Ronald Reagan and continued the big fraud against the majority of the Americans.
On the one hand, the Clinton administration was selling the big fairy tale of neoliberalism to the American public: free market capitalism would bring prosperity for all through that trickle-down fiasco. And it was translated, as always, in further cuts in public spending - more tax-cuts for the super-rich. On the other hand, …

Why the rapidly escalating and most disgusting propaganda against Jeremy Corbyn is actually a good sign

failed evolution
In the UK front, the liberal establishment machine is escalating its propaganda campaign against Jeremy Corbyn through that 'anti-Semitic' smearing. In reality, his only 'crime', of course, is that he is too lefty for the totally-occupied-by-neoliberalism Britain.
After the collapse of that ridiculous Skripal case - that ended to an embarrassing fiasco for the Western clowns - the establishment machine in the UK gave up its campaign to smear Jeremy Corbyn as a Russian stooge.
The new 'brilliant strategy' of the establishment tools is simply to paint Jeremy Corbyn as 'anti-Semite'. Which is actually the permanent smearing by the mainstream media and the liberal political center - many have been bought by the Israeli lobby- against anyone who has the ‘audacity’ to condemn the Israeli crimes against Palestinians.
The logical leap in this case is literally ridiculous: if you condemn the Israeli crimes against Palestinians, immediately means tha…

Retired US army colonel implies that a war with Iran could start with a Vietnam-type false flag operation

globinfo freexchange
After Tucker Carlson brought additional embarrassment to the pseudo-Left warmongering liberals with his anti-war positions, he tried to make Trump appear, more or less, as a kind of peace defender. He was joined by Douglas Macgregor, a retired US Army Colonel.
Both Carlson and Macgregor attempted to blame Trump's warmongering officials and the war lobby for the fact that another devastating war, this time with Iran, becomes more and more possible. The truth is slightly different because Trump has enormous responsibilities for this development too. He was from the start very hostile against Iran, he did everything in his power to kill the Iran nuclear deal and put the most bloodthirsty, anti-Iran neocons in key positions.
Yet, it would be worth to focus on a peculiar statement by Macgregor at the end of this short interview. As he said:
           You and I know that there are lot of people who would welcome conflict with Iran, that's obvious. I think the presi…

The establishment tools have recently eliminated a very promising progressive - here is how they did it

globinfo freexchange
In the following video, Kyle Kulinski describes how he schooled Fox tools on progressive policies. The debate was set up on the occasion of another 'interview' (4:18 - 5:22 in the video) in which Cori Bush appeared to be quite unprepared to deal with Fox’s aggressive style. Unfortunately, shortly after this ugly attack, Cori Bush, a very promising progressive, lost in primaries, and 'surprisingly', most of the establishment media (both liberal and conservative), indirectly welcomed the result with a kind of relief.


Many progressives reacted with a kind of embarrassment on Cori Bush's response, yet in reality she did nothing wrong. It was certain tactics by the Fox tool that made Bush appear unreliable, and in this case, these tactics were (unfortunately) successful.
Examine again the video.
First of all, the Fox tool literally invaded in the place and started aggressively asking questions to Cori Bush about that tax issue. The tactic is very common…

WikiLeaks paper shows France & UK pioneers behind Libya breakup

On March 16, 2016 WikiLeaks launched a searchable archive for over 30 thousand emails & email attachments sent to and from Hillary Clinton's private email server while she was Secretary of State. The 50,547 pages of documents span from 30 June 2010 to 12 August 2014. 7,570 of the documents were sent by Hillary Clinton. The emails were made available in the form of thousands of PDFs by the US State Department as a result of a Freedom of Information Act request. More PDFs were made available on February 29, 2016, and a set of additional 995 emails was imported up to February 2, 2018.
globinfo freexchange
A letter from Clintons' top advisor Sidney Blumenthal to Hillary Clinton in early March, 2012, reveals that two of the Western neocolonial powers, France and UK, were trying to breakup Libya in order to secure a privileged place upon the Libyan corpse for their big companies. It appears that both Sarkozy and Cameron, as well as their intelligence services, were working closely…