Emerging storage-based cryptocurrency Chia could jack up SSD/HDD prices in the future
- Thread starter Humza
- Start date
Other than a lack of new GPUs, I wouldn't care much about any crypto. On the surface it's a currency, but It's not backed by any state, so at This point, with all the craze, It's an obvious bubble and scam like subprime mortages in the 2000's.
What really scares Me is that probably some of Our retirement funds & bank securities were drowned in This worthless sh*t, and when It burst, It will be a real sh*tstorm. 2008 crash Was about US market, and We could feel It for years in Europe. Coins are global craze.
What really scares Me is that probably some of Our retirement funds & bank securities were drowned in This worthless sh*t, and when It burst, It will be a real sh*tstorm. 2008 crash Was about US market, and We could feel It for years in Europe. Coins are global craze.
NightAntilli
Posts: 929 +1,195
I really don't get why people use this as an argument. In case you haven't noticed, pretty much everything governments touch only end up going worse, not better.
terzaerian
Posts: 1,517 +2,260
People seem to forget that what states back, they can also take away. And the reasons they use to take things away are daily more capricious and asinine.
Also, the utter irony of using the subprime mortgage crisis as a criticism of crypto. That crisis is why Satoshi made Bitcoin in the first place, exactly because governments were bailing out banks that should have failed.
OK, It was abbreviation on My part, It's not backed by anyone. My way of thought was with Ryan Gosling in 'Big Short', explaining that house securities were once backed by US Governement, but became free market tool. So is Bitcoin today?
duckofdeath
Posts: 448 +586
When will authorities start fining these manufacturers for SCAMMING THE CONSUMERS with all of these mining lies? They deliberately keep supply down and jacks the price up to 2-5 times over what they should be selling them at.
This is just another lie. Please stop posting **** like this without questioning it, gadget bloggers.
This is just another lie. Please stop posting **** like this without questioning it, gadget bloggers.
Geralt
Posts: 1,387 +2,213
Hard work instead of speculating with the crypto bubble.
Stingy McDuck
Posts: 300 +268
Did you miss this story, or what?
Internet cafe switches to crypto mining farm as pandemic hits profits
As tweeted by @I_Leak_VN (via VideoCardz), Internet Café Computer Star has an impressive setup, including a number of RTX 3080 graphics cards---not surprising as it's owned by...www.techspot.com
Or are you just ignoring it to fit your nocoiner narrative?
Besides the fact that, as passive income goes, crypto is actually the most accessible form there is. Stock dividends and other traditional financial chicanery require enormous up-front investments comparatively, while you can mine with as little as one 1050 ti.
There you go with that Vietman cafe again. Do you have any other example of poor people earning a living and improving their lives with the help of crypto currency? Or perhaps it's mostly rich slobs who don't want to get a proper job the ones who have those farms?
NightAntilli
Posts: 929 +1,195
I don't take advice from the financially illiterate.
And not that it's your business, but I do have a full-time job. So try again.
Geralt
Posts: 1,387 +2,213
Work more and stop dreaming about bubbles. Money is not easy to get. Every bubble will eventually find its pin.
NightAntilli
Posts: 929 +1,195
Tell me something. Is someone working two jobs, 60+hours a week, say, as a cab driver and a cleaner, making more money than a psychiatrist working 32 hours a week? What about an apartment owner that rents them and can do other stuff on the side?
Thinking that more work means more money is the typical mindset of the working class that never gets rich and never amounts to anything.
Smart work > More work
Passive income > Active income
It's not a dream when I have gained more than a year's worth of salary in profits in a couple of months. So do yourself a favor and stop making a fool of yourself.
And... I repeat; I don't take advice from the financially illiterate. Stop telling others what to do, especially when you have no idea what you're talking about.
Why don't you take your own advice and do some actual work, instead of trolling on the internet?
PEnnn
Posts: 1,285 +1,853
Actually, what I find alarming is the epidemic of human stupidity, especially on allegedly smart tech forums..
terzaerian
Posts: 1,517 +2,260
Many such examples.
This family bet everything on bitcoin when it was $900 – and bought more when it crashed in 2018
This family sold everything it owned in 2017 to make a big bet on bitcoin. Four years and 40 countries later, and it's still all in on cryptocurrencies.
I would posit that the antis are mostly disgusting boomers that, having destroyed the country, economy, and planet through their wanton disregard and greed, are now trying to throttle the one technology that will break their death-grip on society.
Indeed, where they concern troll about the environmental impact of Bitcoin, they would know, as they're the subject matter experts through direct experience in said destruction.
That new crypto currency was probably sponsored by Samsung and other SSD manufacturers. Maybe in a few years they'll completely move to that currency, so you'll only be able to buy a new SSD using their SSD-based coins.
(...maybe I shouldn't be giving them ideas...)
(...maybe I shouldn't be giving them ideas...)
Geralt
Posts: 1,387 +2,213
But you are not renting any 'real' apartment, man. You are just trusting a bubble with no support from any state. Your money is just so real like your dreams every night. You will wake up some day.
Geralt
Posts: 1,387 +2,213
Yes, better not to feed the morons.
NightAntilli
Posts: 929 +1,195
I think the biggest bubble burst and largest wake-up call is the collapse of the government-backed USD.
Geralt
Posts: 1,387 +2,213
I trust the government of USA. It is a powerful country. Why should I trust the dream of a bunch of walking zeros instead of a very solid democracy which has lasted for almost 250 years practically intact?
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Geralt
Posts: 1,387 +2,213
Humankind was always stupid for the most part. Hence there were two world wars, you know. Only stupid people can have two world wars in the same century. And it has happened very recently, not in the remote past.
NightAntilli
Posts: 929 +1,195
You do you. In five years or less, one of us will have learned our lesson.
Geralt
Posts: 1,387 +2,213
It will be you. Dollar is rock solid and billions of people trust it like me.
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NightAntilli
Posts: 929 +1,195
I will let time do the talking. Just don't say I didn't warn you.
Dimitrios
Posts: 1,243 +1,023
I have been collecting articles of our country and with all the weird issues with our technology with our restriction & spying with hardware/software. First it was spying, virus issue, banning certain hardware/software and our countries is slowing down and THIS INCLUDES our military funding and advancement in tech. I also notice YOUTUBE and FAKEBOOK geting involved with freedom of speech and social media cherry picking comments. I can go on forever.
This includes our voting, our health and other stuff. I'm too lazy to mention other cra* and don't want to drag this issue further. Wake up buddy get your head out of the sand!
This country's progress is slowing down at an alarming rate and when doing research most of the time it tracks back to Chinaaaaa.
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Hard drives are *cheap* by the megabyte. You can form them into RAID arrays to overcome reliability issues with redundancy, while *still* being cheaper by the megabyte.
OTOH, redundancy could be built straight into the crypto, with storage rented out by the megabyte to consumers with no guarantee of availability (think BitTorrent, but with monetary rewards for seeding, and someone is paying to keep the torrent alive).
There's potential if something similar can work at a granular level.
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