Permanently Deleted
After reading into this it doesn’t seem like there are any measures to stop datacenters destroying the currency. They talk about making home mining possible again blah blah blah, but you have people buying bulk 12tb hard drives to enter a market where someone with exabytes of storage can enter at any time and kill everything overnight.
People are not rational with cryptocurrency (or currency for that matter). The “good” ones even have game theoretic measures to try and stop speculation but they don’t work because people are not rational about crypto currency. No one wants to even use it properly as a currency (which is already bad because we should just be moving away from currency in totality).
Crypto mining with storage has lasted for awhile I have a bit of SiaCoin which uses HDDs to mine. They suck tho I haven’t opened my sia wallet in a year
i already feel like a clown for not putting my entire life savings into the next meme coin waiting for musk to tweet about it making the stock shoot up 1000%.
my graphics card randomly shut down 2 times this week and all cards cost 200% the recommended retail price right now :desolate:
“Expropriate the crypto-mines; re-distribute the means of PC gaming!”
— Digital Revolutionaries: Slogans of the Gamer Liberation Front in the Late 21st Century
“Energy for heat and light!” Was the rallying cry at the Feb 2027 protest against Elon Musk and Conglomerated Coin Mining Corp. Now that 99% of all energy goes to sustaining the chain that contains the wealth and investments of all global business, making industrial production, food production, light, energy, and heating have taken a backseat.
Many poors are upset.
