Ethereum's "Merge" will end GPU mining in mid September

[Momo56]

Cryptotulips.

 

[dmatheson]

Musk has said the sale of Tesla's Bitcoin holding was to maximize its cash position in a time of uncertainty.

No one convinces me and especially some company's investments. I am doing my own research and educating myself. If people would do it they would understand two things: 1st- the adoption of crypto is unavoidable 2nd- crypto solves many problems we have especially with currencies.

People who want to burn crypto are the same people who did witch hunts in the 14th century. If you think it is just currency and GPUs are printing them like a money printing machine I would recommend educating yourself asap. I am not investing I am providing hardware for the network and receiving a reward for it. For investment though - don't invest more than you are ready to lose. This is my advice to you.

Crypto is only as stable as people "believe" like any currency. The stableness of current currencies is based on how much people trust the governments that issued them. Crypto is an attractive solution to people in countries with unstable currencies, but competing with a currency like the US dollar or the euro...I can't see how it can attain that stability. I absolutely think that the US and the EU and other governments should think of moving to a system of currency that has many of the qualities of current crypto currencies but how can a currency inspire that trust just by existing without people being obligated to use it? I just don't see how the volatility can be taken out. If you're talking about a captive economy like within a game, I can see that. I can see games agreeing on a common currency and creating a reliable demand but as far as a universal currency that stays stable enough for day to day purchases, I just don't see how that happens.

 

[dmatheson]

Crypto is only as stable as people "believe" like any currency. The stableness of current currencies is based on how much people trust the governments that issued them. Crypto is an attractive solution to people in countries with unstable currencies, but competing with a currency like the US dollar or the euro...I can't see how it can attain that stability. I absolutely think that the US and the EU and other governments should think of moving to a system of currency that has many of the qualities of current crypto currencies but how can a currency inspire that trust just by existing without people being obligated to use it? I just don't see how the volatility can be taken out. If you're talking about a captive economy like within a game, I can see that. I can see games agreeing on a common currency and creating a reliable demand but as far as a universal currency that stays stable enough for day to day purchases, I just don't see how that happens.

I especially don't see an end to a large amount of volatility until crypto is well regulated and, well, that kind of kills the purist ideals of its creation.