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36 sats \ 5 replies \ @BitcoinAlive OP 18h \ parent \ on: Organiser of Australia's first Bitcoin-only conference, Bitcoin Alive! AMA AMA
are we talking about chinese or australian capital controls?
i dont know how much investment flows from aus to china, but certainly there is lots going the other way. our pride and joy is the housing market in this country. (tldr, its a ponzi)
but we take on heaps of chinese money into our property markets, further inflating the prices and making it impossible for the next generation to own a home.
personally, i do my best to avoid all ponzi's, so this isn't a game i wish to play. but for the average/normie australian, they are sold that housing the golden ticket to wealth. i worry for them they are going to get destroyed.
bitcoin fixes this.
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0 sats \ 4 replies \ @siggy47 18h
I meant China to Australia. Do Chinese miners flee when things get dicey? Are border restrictions difficult?
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36 sats \ 2 replies \ @BitcoinAlive OP 18h
they wouldn't be coming to aus, thats for sure. we have some of the most expensive power prices in the world. although, it shouldnt be the case with all the uranium and natural resources we have. that comes back to our government mismanagement.
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0 sats \ 1 reply \ @siggy47 18h
I see. Is there much contact between the Chinese and Australian bitcoin communities?
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36 sats \ 0 replies \ @BitcoinAlive OP 18h
I would say almost zero. none that I am aware of.
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36 sats \ 0 replies \ @BitcoinAlive OP 18h
yeah, lots of capital flowing this direction. somewhere between $1-2B (USD) each year. top ten country and moving up i think.
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