If you bought digital coins in 2017, you would have had a great year. Making more than 12-times your money was as easy as buying a single bitcoin. 2018 might be more of the same.
The Turnbull government yesterday announced a proposal that would see states hand over the identities of all Australian drivers in a bid to strengthen national security laws. It would mean authorities would be able to identify any Australian with a driver’s license in seconds using facial recognition technology.
There’s no denying the dark corners of the internet are host to some horrific stuff. But before you lay the blame on the internet, take a look at history.
If you’re looking for more examples of governments turning against their own people, look no further than the ongoing worldwide war on cash.
It’s those difficult Chinese. They’re not buying enough American goods. They steal our technology. They’re not playing ball on trade.
The same things happened in the early days. And as we know, things went quiet for a while before we had another boom and bust. Rinse and repeat, but on a bigger scale with more users, more people involved, more crypto to choose from and exponentially more value on the table.
The FAANGs have been driving the markets up in recent years. Now we are hearing that after market turmoil, the FAANGs are cheap, that it is not too late to invest in the FAANGs. But we think they may have peaked.
Now we’ve got the ACCC trying to force Facebook to talk about their secret sauce and how much data they actually collect. It’s no wonder the stock has fallen more than 35% from its high this year.
There are no individuals in a place like China. Only the collective. This is why places like China need public blockchains: decentralised ways to keep records that are outside of the government’s control.