1ºA cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.[2] It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.[3]
Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership.[4][5][6] Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinct asset class in practice.[7][8][9] Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens, or other such reward mechanisms.[10] Wikipedia
2ºActually its all the US. When you print US dollars like toilet paper and not notice the gap in debt it leaves behind its shocking. US dollar debt is $65 trillion. If the whole world ships back their dollars it would make the great depression look like a trip to Disneyland. For years the US has been living beyond their means. Mortages of 200%? Impossible in many other countries. You can be happy to get 85% if ure lucky. Also you will forever owe that debt even if you surrender your house abroad. Banks are strict and well capitalized.
The Chinese does it cheaper, with far less rules, and work harder. Yip scary but watch American Factory on Netflix. The Indians are following right behind them. Singapore grew so wealthy for that reason specifically. The unions in the US is what's crushing your market. Sure good for employees but in some countries unions dont work.
America used to make great items. But now many are made abroad, why? Cheaper. Profits. The US car industry fell flat on their face abroad. In my country the cars no one wants to steal is no.1 Chevrolet and no.2 Jeep. Its heavy on fuel and unreliable. Toyota does Hybrid, Korea the same and China does electric ( yip Tesla 3).
So how to fix it? Find ways to get the US more productive, and your products more attractive to foreign buyers. China is moving fast forward and so is India.