Congratulations. Not at all relavent to what I was saying lol



Problem with ASICs is development of them only becomes profitable during times of outrageous price increases. Then you get the inevitable crash which stops shipment of ASICs and renders purchased ASICs pay off time ridiculously high.

Hopefully mining as a whole dies. It's an inefficient system that solves problems nobody really needs solved.

This post was edited by NetflixAdaptationWidow on Sep 19 2022 12:17pm

This may be a hot take but, the biggest problem with crypto is that it inherently contributes nothing to society/the economy/the world. The service it facilitates is a fabricated/perceived/projected need. Something's value being "what someone is willing to pay for it" doesn't happen in a vacuum. And 80% of the activity is your everyday piggybackers who got involved in the last 4-5 years following the original crypto trailblazers, taking their attention away from their real-goods-and-services' day jobs to trade it/acquire it, but perhaps not 100% committed to the bit long term because the daily price very much does matter to them. To a lesser extent this applies to everyone who's exited, quiet quit, or just plain falling out of love with the labor market to instead trade crypto/securities. Nothing, absolutely nothing of note, happens in the economic lifecycle when you buy a stock for $50 and sell it for $100 aside from broker/platform collecting a fee or interest on your margin. Full time traders are savvy leeches at best and malicious ponzi artists at worst (when they sell paid services or organize an army to orchestrate a P&D regularly). When someone tells me they're a full time trader, they could be raking it the fuck in, hell of a better trader than me, but it's kind of hard to inherently respect them other than for the face value of their hustle.

In a way, crypto is self fulfilling in that if it's successful in the long term for what it sought out to be, it will be both because of the failure of traditional currency & be a large contributor to that failure at the same time. "Why were the job numbers so bad?" "Where are all the workers going?" The "McDonald's can't fully staff because the have-nots are all focusing their time and energy on crypto" stereotype has roots in reality.

If this pissed you off because you're worried about negative sentiment surrounding your nest egg, we don't have much to discuss. But if someone can really show me that crypto has a future if the whole doom-and-gloom economic disaster porn doesn't play out as advertised (like actual cool stuff utilizing blockchain that people would want whether or not it was associated with the word "crypto", and completely independent this projected need to decentralize), I'm all ears.

This post was edited by CheatEngine on Sep 19 2022 10:38pm

Cryptocurrency, or more so Blockchain is not going away. It is a technically superior informational system to the status quo financial tech ones used today. A specific crypto currency commodity may go down, but the financial tech is here to stay especially if transactional speed and cost are addressed. Beyond currencies, as a superior informational system (from consumers pov) it has many use cases in the overall supply chain as well to combat various types of fraud. It fits the 'free market' much better than FED controlled USD.

This post was edited by RedFromWinter on Sep 20 2022 05:38am

Finally I can buy an affordable mining rig

One interesting thing about this is while from the year it’s neck and neck with btc drawback. But in shorter durations it is outperforming btc significantly. Still 20-30% up from June lows

This post was edited by Bazi on Sep 20 2022 04:10pm

Yes, completely relevant. Instead of having technology to work for your lazy ass, you could do things by yourself.
That's supposing you're not lazy and intellectually limited tho. lmao

You never miss an opportunity to say something stupid do you?

The irony is fat in this fatty

Any guess when this is going to start going bullish again

soon™️

source: dude trust me