[2016-09-13] The bizarre world of bitcoin ‘mining’ finds a new home in Tibet

[LiteCoinGuy]

The bizarre world of bitcoin ‘mining’ finds a new home in Tibet

The industry is run by a disparate mix of investors and dreamers, and manned by electricians and IT experts. There are people like Ryan Xu, an infectiously enthusiastic Chinese-born Australian who first became interested in libertarian economics while working as a reactor operator in a nuclear power plant. He now describes himself as “both a utopian and a venture capitalist.”

“We need to foresee the next five or 10 years,” he said in a wide-ranging conversation over dinner in the western city of Kangding. “All the governments are printing money and diluting people’s wealth. Is that justice or robbery? The financial system also keeps crashing every five or 10 years. I think that’s an illness in the monetary system and it needs a cure.”

https://www.washingtonpost.com/world/as ... story.html