Elon says V11.3 coming -- 👀
(twitter.com)
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I do suspect it will end in conflict, but it will be mostly contained internally in power faction against power faction.
CCP never really stopped the "Warlord Era". It just changed the name and dressed it up in suits.
I also suspect we've been seeing the beginning phase of this internal war(s) with all the lock down bullshit going on. That has all the smell of power blocks assaulting the economic/financial infrastructre(s) of competing power blocks, and a whole lot of people have been dying in the process. Many of them permanenly sealed up in their homes to starve to death.
Yes, I read it exactly as you do. Ruthless power blocks in China competing for supremacy. Regional power blocks such as Shanghai I imagine. It's hard to see accurately what's going on from here though.