"France has lost a battle, but France has not lost the war. If its easy enough for people to find out who you are online wouldn't it also be easy for someone to take your virtual money as well. It originated in 2009 by an anonymous programmer or collective known as Satoshi Nakamoto.Īlong with the "growing acceptance of virtual money" comes concerns about the safety of it all. On Thursday when China dropped biticon its value dropped more than 100 dollars. Though with the growing acceptance of Bititcon it sky rocked the value of the virtual money to beyond 1,100 dollars, giving it a worldwide value at more than eleven billion dollars. One, its highly venerable to laundering, meaning it can be "ripped off and copied". There's too much that can go wrong with the use of it. Biticon has been mentioned to the U.S but I believe that the disadvantages over weigh the advantages. It actually wasn't a true currency meaning it was just a virtual commodity and that "its shouldn't be circulating in the marketplace", so it was being used as a means of money when it held no real value as compared to real money. Also there could've been cases of " laundering and financial instability". The directive said that the main reason for getting rid of it was to "protect the status of the renmibi as the statutory currency" so that people wont over use Biticon and take advantage of its virtual currency. China's bank, People's Bank of China, are the ones who noticed the pitfall that Biticon was becoming.
Its rise in value is partially from the great demand for it in China. A currency is there to keep a dollar a dollar and not suddenly change to equate to 50 dollars. Its a "virtual currency whose value has soared in recent months" now I'm no economic genius or anything but I do believe that if any type of currency doesn't have a set value then it should be valued at all. It was to help bring stability not rock the boat. Biticon isn't as stable of value as many countries had hoped. They have restricted its use because of the threat to financial stability and concerns over money laundering. Hong Kong China has decided that they are restricting the banks from using Biticon, a digital unit, as a currency.
The Smithfield deal is not free trade or fair trade Talent will leave." Also many of the people who worked for Smithfield will be let go because they will no longer be needed. "Smithfield will be hollowed out and the head office will be moved to China. The downfall to this is that Smithfield’s technology, research and development and patents will be transferred to the Chinese main company. Yet the only American beneficiaries will be a handful of investors. Along with well renowned technology.This is why China overpaid just to get it. The buyout of Smithfield was a stinker because the company has become a huge exporter, to Japan and elsewhere in the world. An example of where this has happened is a company called Smithfield, a holding company called Shuanghai International Holdings Limited, the biggest meat processor in China. So Basically a company like Coca-Cola or General Motors or Maytag cannot take control of an existing, established Chinese rival. Wall street "and others argue that restricting China would be unfair and foolish because American companies have been allowed to invest billions in China," because in a way that's showing you don't trust them right? Yet China has set up restrictions to what we can do there like "investments there are restricted to “green fields” - high-risk start-up operations or minority ownership", so that Americans wont gain too much control over a company in China. Someone who isn't willing to return the favor you have given them shouldn't have gotten it in the first place. Yet even though you've given them your favorite item of clothing they wont ever return the favor because they see the flaw in the plan. I see that as unfair because who is going to give up their favorite piece of clothing and not want to trade it in for something better. Its not that I'm against China, not at all, its the fact that some want to allow the very people who don't want us coming into their country and taking over a large company but want to do that to us. Yes their have been big investments dealing with China but that doesn't mean its time to allow them to totally take control of a factory or rival company here in the U.S.
Why let China own a big company in America while they have set limits on what we can do on their land.