The #crypto industry finally explained.
Not having ever been a parent, I've watched these competitions with a detached curiosity, often wondering just who the children are attempting to win these accolades for? Like the soccer or hockey parents who lose their collective minds when a ref dings their precious on either the pitch or the ice, it feels more and that these brainiac competitions are more about the parents' desires, rather than the child's.
That the Chinese government has its hand in all Chinese national and multinational companies should caution folks to not make this a racist stereotype; that Beijing, and specifically the CPC, is an investor in all businesses in some form or another—part ownership, investment, or even specific regulatory favoritism. The behavior of said investor is no different than Google or Facebook's behavior once they've acquired a property. It's just business.
