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Author Topic: What do you think does this Cities have that we dont?  (Read 293 times)
Jaycee99 (OP)
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November 25, 2021, 02:26:33 AM
 #1

Here is the top countries that adapted innovation much faster

1. Switzerland

2. UK

3. Sweden

4. Finland

5. Netherlands

6. US

7. Singapore

8. Denmark

9. Luxembourg

10. Hong Kong (China)
______________________________________________________________________________
https://www.worldfinance.com/home/the-10-most-innovative-countries-in-the-world
______________________________________________________________________________
Here is the

1. San Francisco

2. Vancouver

3. Amsterdam

4. Ljubljana, Slovenia


5. Tel Aviv

6. Portsmouth, New Hampshire

7. Miami, Florida

8. El Zonte, El Salvador

9. New York

10. London
______________________________________________
https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp
______________________________________________

QUESTIONs
1) When it comes to cryptocurrencies from your point of view. what do the think about why this counries top best in innovation and in the hotspot in bitcoin?

I compared these two for when you are a hotspot in bitcoin and innovation it shows from my point of view that your country is rich and a part of the innovated country this 2021.

2) Do you think of the people of the Government? on why this country is listed in the top 10 best?


I am just curious what others think

If your country is listed quote it and answer what you think
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November 25, 2021, 02:51:30 AM
 #2

For a lot of those countries, it's not very risky to do something and fail and enough people know that to try. The UK historically has around 30 years of innovation and 20 years of slowness (very roughly) and if this has been the same internationally then that might have been a contributing factor to those countries that have experienced all (3?) cycles so far.

Rather than the government it's probably more the culture though too that forces the government to make decisions. But I'm quite surprised China, India, Germany and France also aren't on the list if this is just based off innovating.

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November 25, 2021, 03:33:23 AM
 #3

1. I think that is because those people in the top list countries have an open mind to accept a new thing that pops up in many places so they start learning about what that thing is and trying to get involved deeper to see if they can benefit from that or they should leave it right away.

2. It could be people from the government who are involved in the crypto or ordinary people because we do not know who are they who support crypto.

When people think about how they can increase their wealth, they will try to search for other sources of income. And when crypto came to them and offers the investment side by holding crypto for some period and those people see the chance, they will start to buy and hold it and boom, suddenly, their investment grows fast from time to time.

But that is just speculation as we do not know what is the real reason for that country that have fast adopted crypto.


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November 25, 2021, 04:00:55 AM
 #4

Your list contains highly developed countries that have either a strong economy or have a lot of export. When a country has money, it can channel money for development of different spheres. Developed countries invest in science a lot, so technologies are developing very fast there.
In terms of adopting crypto, it is being adopted not only by developed county as the only one which accepted Bitcoin as a means of payment was Salvador that is not very rich country and because of hyperinflation it adopted Bitcoin.

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November 25, 2021, 10:24:12 AM
 #5

Hmm, probably the factor of being more advanced than others (minor part) and their spirit of innovativeness probably? (Major part). They also have plenty of space to support said innovativeness hence why they're pretty open to adopting crypto. There'd probably be more countries there tbh but their government is generally in denial of crypto development. Honestly, the concept of money makes the world go round couldn't be more apt, the more resources one country has the more chances they have to explore and innovate after all.

 
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November 25, 2021, 12:09:15 PM
 #6

I see most of the countries listed here are small, both demographic way and by population except the China country. The benefit of being small has got big relationship with the countries development and also how they spend the money on innovations. The fact that they have less population and more industrial revolution bring more money to the country and less expenses for government too for developing the nation. This very much burden increase the chances of adopting automising of country at low budget or they just have so much money to adopt the tech that it feels like cheap for them.

Now for country like India where there is huge population and big demography to develop its very hard one to do. Before you could even fulfill the basic need of one population there arises another demand from other activists ans what not. This has led to under developed systems, bad educations out reach and ultimately less adoption of tech stuf. This is big topic to discuss and I think I have just spoken drop from the ocean as to why some of them are so adaptive for tech and some of them are not.
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November 25, 2021, 01:07:43 PM
 #7

Well, from the point of view of New York.... let's just look at what happened with them in the early days of Bitcoin, namely :

Benjamin Lawsky wanted to profit from Bitcoin, by creating the most complex business license for virtual currency activities in the world (called BitLicense) and this was developed and implemented back in July of 2014. He was the Superintendent of Financial Services back then, but he knew he could make big profits by charging people to "assist" them as a consultant to adhere to all the "red tape" that was required to get that license.

So, he single handily f#%#cked the New Yorkers in the early days and created a huge barrier to entry for Crypto businesses to flourish. The bureaucracy and politics in these cities.... killed their innovation and paused their progress as a Crypto currency hub.  Angry Angry Angry

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November 25, 2021, 01:42:15 PM
 #8

It all remains at the discretion of a country whether to take action more quickly towards the advantage in terms of Bitcoin adoption or to let other countries take over first. Because if we talk about a country's progress, it depends on its policies, which make it each have its own advantages. If it is classified as developed and developing countries, it will be very difficult to see such rapid development and provide equality to the community.

The list above has indeed become quite a concern, but it cannot be separated from the pros and cons that are still obstacles to their achievement of economic growth. Especially when talking about cities where they make a big contribution to their economic life, which is the benchmark for success.

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November 25, 2021, 02:44:01 PM
 #9

Rather than the government it's probably more the culture though too that forces the government to make decisions. But I'm quite surprised China, India, Germany and France also aren't on the list if this is just based off innovating.

Because as always they tend to make these list on some indicators that have little to do with the actual innovation, here is an example and mix a lot of socialism flavored rating in it, like the GDP PPP in half of them and a lot of useless stuff like Wikipedia edits.

Another stupid criteria is the energy production per capita, lol, what this has to do with innovation? It helps Russia score the 26th rank on that and get close to Portugal on the general score on infrastructure. Just because of that Norway who ranks 1 on that will get a 3rd place overall even with the others criteria ranks being over 20.



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November 25, 2021, 06:39:19 PM
 #10

For a lot of those countries, it's not very risky to do something and fail and enough people know that to try. The UK historically has around 30 years of innovation and 20 years of slowness (very roughly) and if this has been the same internationally then that might have been a contributing factor to those countries that have experienced all (3?) cycles so far.

Rather than the government it's probably more the culture though too that forces the government to make decisions. But I'm quite surprised China, India, Germany and France also aren't on the list if this is just based off innovating.


As simple as that, it is known that if you have more resources then you can take more risks, and this is because in the case you fail that was some spare money you had set aside that it is not going to interfere with your lifestyle if you lose it, someone that is more limited in their resources will instead decide to go for the safest option as they cannot take the same risk and this means they will have some problems innovating and adapting to inovation.
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November 25, 2021, 11:15:46 PM
 #11

Deregulation is usually a key factor behind high rates of growth and innovation. Less red tape and obstacles to overcome on the development and production side of things, usually translates to higher growth.

Education and quality development of youth another critical factor. Greater intelligence and knowledge of citizens, translates to higher degrees of growth and innovation.

Credit and loans (liquidity) is another key element of high growth and innovation. A lower bar to entry for quality start ups acquiring financing, will translate to higher rates of growth and innovation.

Finally the last major aspect could be the relative amount of research, development and production that can be achieved per dollar. Scientific research that costs $20 in the USA might be equivalent of $1 of scientific research that can be achieved in another country. For reasons similar to american healthcare being more expensive in contrast to foreign nations.

Culture also factors in. Nations like japan which have high rates for interest in engineering and science fields. Typically enjoy higher rates of innovation and development than nations like the USA lacks a culture of interest in engineering and science fields. The united states has tried for many years to foster interest in science and engineering in its youth. Without success.
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November 25, 2021, 11:21:18 PM
 #12


QUESTIONs
1) When it comes to cryptocurrencies from your point of view. what do the think about why this counries top best in innovation and in the hotspot in bitcoin?


2) Do you think of the people of the Government? on why this country is listed in the top 10 best?


1. Its all about acceptance and thanks to the government itself because it wont boom out if government had banned or having negative stance to crypto in the first place but it turns out to be positive then it did really make adoption more faster.

2. Level of adoption and thats just common sense.They wont be on the rankings if we do saw low recognition or adoption of bitcoin.
Not on the sense on being legal tender but at least on some aspect which turns out to be positive.

How about minding on telling those negative ones?

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November 26, 2021, 01:39:00 AM
 #13

1) When it comes to cryptocurrencies from your point of view. what do the think about why this counries top best in innovation and in the hotspot in bitcoin?

It is easy to follow that if your country or city is one of the most innovative countries or cities in the world that it is also a Bitcoin hotspot. If a country or city is very open to innovation, it is most likely that it has also embraced Bitcoin, one of the most popular rising innovations in finance for the past years.  

As to why these countries are top in terms of innovation, I cannot speak as if they all share similar characteristics. There must be a mixture of factors. Hydrogen mentions some of them.

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2) Do you think of the people of the Government? on why this country is listed in the top 10 best?

Partly, it is about the government. After all, whether a country embraces a certain innovation or not largely depends on policies and regulations and whether or not they are tolerant and open. But there must be far deeper reasons why a certain country, people, culture, and so on are leaning toward adoption and not resistance to innovation.

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November 26, 2021, 07:42:51 AM
 #14

Both have different cause:
- Countries that have faster technology adoption = they invest heavily in human capital (education, R&D, etc.)
- Countries that adopt Bitcoin = they have more freedom or less government intervention*

*it shouldn't be that way since money is heavily used in commerce/trade, so in the future when governments become more open to Bitcoin, countries/cities that adopt Bitcoin should be countries/cities that do a lot of trade.

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November 26, 2021, 08:28:44 AM
 #15

Government run by the people who have knowledge and futuristic vision in their decision that is what makes the difference, especially some countries wre banning bitcoin with no actual reason but in reality they don't know what is blockchain so they simply call bitcoin and blockchain is scam so they are banning it and also comment that by this move their country will become crime free, biggest joke isn't it? Grin

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November 26, 2021, 11:53:08 AM
 #16

Not worrying about justice. I know that "justice" may not be something that many people who live in those places realize that they have and very valuable but for all of us who live in other nations we realize that justice is the most important thing. When your nation is so corrupt that you find out your president stole few billion dollars from the citizens and it didn't even make the news, I do not mean any consequences, it literally doesn't even make the news because news is afraid of the president and doesn't deliver that news, so you find out about it on social media.

This is why justice is important for innovation and planning for the future. If you do not have justice, then who will make innovations? Nobody would be caring about getting better because they do not have a hope that it will be supported and someone close to president could literally steal it anytime they want.

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November 26, 2021, 12:44:20 PM
 #17

Finally the last major aspect could be the relative amount of research, development and production that can be achieved per dollar. Scientific research that costs $20 in the USA might be equivalent of $1 of scientific research that can be achieved in another country. For reasons similar to american healthcare being more expensive in contrast to foreign nations.

Then why is the US there higher placed than Spain, France, and Germany?
You said the cost is a negative here, I don't think anyone would claim deregulation is a key factor, not with all the laws in the EU, I honestly think they would score again in education against the US, at least according to the PISA scores, and credits and loans are actually more accessible in at least one of these countries, so why are they lagging behind?
The reason is exactly money, but not how you pictured it, the enormous amount of money the USwith its investors and companies can throw at any project sums that other countries can't even dream of. That's why everyone migrates there with their start-up with they shall company once it has a product, the difference in available financing is beyond enormous.

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November 26, 2021, 01:51:25 PM
 #18

Many time I get the fact that innovation are adopted much faster by western countries than my countries. There must be a factor that causes these countries to top the list in term of openness to adopting new emerging innovation and one of them is culture and information. Developed countries will lead, while developing countries will always be left behind.


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November 26, 2021, 02:03:28 PM
 #19

It's the people that will normally drive adoption, and since people elected the people who will govern the country, they should be listening to what people want, and crypto although new can be regulated so adoption is happening because the government is willing to adopt and regulate crypto.

In our country, crypto is already regulated but the adoption is still low, well, what can I expect, our country is not as rich as the countries listed in the OP, so we will just follow, but it's better than to be left behind.
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November 27, 2021, 06:14:19 AM
 #20

I think the most obvious reason is that the high ranking officials of those respective countries aren't too corrupt and greedy about the connections they have despite of their positions in the government, they prefer to adopt new technologies and inventions as time goes by and have the right funds for the right projects. Especially when cryprocurrencies are so famous and so fancy to own nowadays, they had the right mindset that's why their economy keeps on growing.
And that's how they stay in the top 10 list of most innovated countries across the globe.
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