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DarkenLM@kbin.social 1 year agoThe GPU market being wrecked by motherfuckers that wanted to build crypto farms, the cryptocurrency scams, the NFTs, etc.
And the greatest problem of all with crypto is that it is a solution for a non-existing problem. The web worked fine without it and it proved to be way more stable than crypto ever could.
Oh sure I’m not a huge fan of the GPU shortages, though very few crypto things need them anymore
a solution for a non-existing problem
Depends entirely on where you live and if you trust your government, but yes the USA and most Europen countries are fine in general. I personally just prefer anything that can be decentralized. That’s why I’m on Lemmy, after all, haha
Sanyanov@lemmy.world 1 year ago
It’s not a non-existing problem.
For example, I live in Russia, and the only way for me to support creators I like is sending them crypto. All traditional channels were blocked by sanctions; crypto can’t be. Besides, it’s irreplaceable for political activists and many other people who can be cut off funding on a whim.
I’m not a crypto maximalist saying Bitcoin should replace national currencies, but I understand the value and power of crypto. It does have its place in the world.
As for mining, primary reason for GPU market shitstorm (which affected me personally as a non-miner and gamer) was mining Ethereum, which has now changed its validation model and does not need any GPUs anymore.
Cryptocurrency scams and NFT bubbles are real, and I urge people to he aware of them. But it doesn’t mean crypto should die.