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I have nothing to say, fuck cryptocurrency.
“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.
I have a new compelling idea for cryptocurrency: wot if we calculate amount of time you spent doing productive work (“proof of work”), and add it to your balance according to the performed labor
And then we introduce coin burning every time this coin is exchanged for goods and services, to remove inflation.
This isn’t even a joke. I can’t believe my PC is worth like almost double what I built it for in like November. Not trying to brag I got incredibly lucky and would be fucked if I didn’t build when I did.
it’s always like that with pc parts. years ago there already was a ram shortage. a year ago a power supply shortage.
when something is cheap (like ram, ssds, intel cpus and amd motherboards right now) buy now.
I was specing out an Intel build for a friend’s PC but even with Ryzen shortages it’s still a better deal with how much nickle and dimeing Intel does wrt CPU cooler, mobo and segmenting in general.
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).
