Shanghai gives nod to NFT trading platforms – TechCrunch
techcrunch.com
The government of Shanghai supports "leading companies to explore building NFT exchanges." Although not national, what is trialed in Shanghai can be an example.

“Blockchain should be “deeply merged” with AI, big data and other new technologies to “empower” fintech applications, for instance” - the document says

Holy shit, blockchain merged with AI AND BIG DATA. Somebody get Softbank and Sequoia on the phone, Shanghai is going to be the first city with a quadrillion dollar market cap. How the fuck do I buy calls on Shanghai with margin

  • SpaceCowboy
    6•2 years ago

    Very good points again. I think the equity stake thing is a great way to get projects off the ground that otherwise wouldn’t be able to by aligning interests.

    1. Damn. This is the kind of shit that pisses me off when people talk about how “capitalism promotes innovation” it literally does the opposite. It is a system that stifles any kind of meritocracy and reduces so much to “who do you know”. In my experience capitalist enterprises actually want conflicts of interest as much as possible, a lot of money to be made in zones of ambiguity.
    • @electrodynamica
      5•2 years ago

      It’s important that the equity thing is only available to people who already have their basic needs met.

      1. I completely agree with your assessment. To expand on that “federated open source” application I mentioned, it only federated in the sense that it supported legacy protocols created when HIPAA first passed, similar to EDI with banking, where you have to be a member of an organization and pay dues to gain access to even the protocol specification, but more than that, it’s set up with all sorts of hoops you have to jump through just to be a member, which goes along with what you said “who you know”. It was also marketed to hospitals and doctors, as just a replacement for other systems that work exactly the same, with no regard to patients or their caregivers and guardians. Furthermore, I looked into the venture capitalist who funded this project. The capitalist websites all ranked him as the number one investor for medical startups locally. The 2nd place was a very distant second. He was a presenter at the conference and I explained my concept in the public Q&A and he said it sounded very promising. So after I looked him up and sent him materials and even wrote an essay on how my ideas could be incorporated into that project. On his website he has planks like a politician explaining the things he “cares about”. I made sure to address every single point in my essay. I even applied to an “incubator” he runs and made sure to check all the boxes for their rules. I got no response at all. Complete radio silence. Not even a “thanks, but we’re not interested”. I spent around 150-200 hours preparing all that stuff. I gave it chance. I met them where they’re at. They aren’t interested. Unless your idea furthers their current scams, forget it. This is why I actually think your statement that for now we’re stuck with IP is a bit naive. Yes revolution is necessary. It’s necessary for all the bits. These people are fucking evil ghouls that can’t be reasoned with. Revolution is the only option.
      • SpaceCowboy
        3•2 years ago

        That sucks man. My off the cuff guess is that they don’t want your tech which will actually make complying with federal regulations easily. I have a buddy who works with utilities and it’s the same thing, compliance is viewed as something to intentionally underfund so you have plausible deniability for a fuck up. And I agree that they are evil ghouls, the utility company knows that non-compliance may result in forest fires but they know that when there is a forest fire they can get their politicians to go to bat for them and the government will bail them out.