This looks pretty interesting. Feel like a lot of blockchain projects are really focused on the tech but less focused on how people are actually supposed to engage with the tech. Looks like a cool way to at least begin to bridge that gap.
A lot of $$$ was stored away in housing assets in China. When I was in Chongqing in 2014 it was clear -- building for building's sake with the expectation that these empty properties would ultimately accrue in value and demand would exist at some point...
I think much of this open housing is in new urban cities -- the 10M person cities that are mostly west and on the Silk Road built to support trade (but not quite built because of actual need just yet)
Yeah that's interesting. What I've also read is that property was one of the only private assets not taxed at the same rate in China so is a good place to store capital (or that was the expectation). Secondly, a huge initiative of the Chinese Government beginning in 2008 was to "go west" and they started providing a significant amount of funding for major infrastructure and development projects with the "if you build it they will come" mentality. Still possible that type of migration west could happen -- particularly as China expands trade relationships with the countries to their west as well...
The explanation I heard was more about capital controls. A fairly well-off middle class Chinese citizen cannot plan for retirement by buying into an S&P 500 fund and waiting three decades. Chinese bonds have negative real rates. And the fate of the stock prices of domestic Chinese companies are subject to the vagarities of the shifting whims of the Chinese government. Where else are they going to put their money? An apartment that sits there empty for two decades and then gets sold looks quite attractive in that context.
Yeah, the curious thing is. China still borrows cheaply from the world bank and they use that ( partially) for the one road, one belt initiative.
This has very recently changed, if I'm not mistaken.
It's part of not being an developed countries. And the requirements were accepted by a loan to the world bank of 7,7 billion $ from America ( from memory)
I hate the idea that we're so beholden to one company's ethical compass over another. It's so clear that we're in need for some sort of regulation to great guideposts around what is ok and what is not... sigh... not like the government will ever get its act together on this.
This is awesome. Biopsies today are incredibly invasive and painful. Anything that makes things less painful, safer, and cheaper is great -- means more ppl can use it and more ppl will get screened.
Ring has cut a lot of corners to get to market quickly. I don't think this is the last time we'll hear of these types of issues from them (or the other small hardware co's)
