gzu · HackerTrans

2 tahun yang laludiscuss

It's like if only we put more resources towards potential societal altering technologies like these instead of [insert random SAAS app]. Maybe tech investors aren't very comfortable with projects outside their domain knowledge and expect an quick return. Quaise last financing round was something like $20M...

gzu

5 tahun yang laludiscuss

No, you don't simply "move to a new coin". ETH is currently a 420B market cap and rewards GPU miners something on the order of 13,000 ETH a day conservatively (without fees). That's nearly 50m dollars a day or 1.5B dollars a month!

The only "other coins" available to be mined with GPUs are tiny. Ethereum classic has only a 8B market cap, Ravencoin with 1B, then many sub 1B coins.

https://www.kryptex.org/en/mining-calculator

gzu

5 tahun yang laludiscuss

This year with the labor shortage has shown we need more "basic" employees getting a livable wage than a country full of college educated students chasing white collar positions

gzu

5 tahun yang laludiscuss

It'll continue as long as there's an abundance of cheap food

gzu

5 tahun yang laludiscuss

It's very easy to replace the displays on these business line thinkpads.

gzu

5 tahun yang laludiscuss

I wonder much of this is caused by recent installments of agricultural field drainage tile?

Land price increases allow for more farmers to afford to "improve" their farmland by adding underground pipes that quickly wick standing water away into nearby creeks and rivers. What used to be evaporated or absorbed into soils is dumping straight into waterways.

gzu

5 tahun yang laludiscuss

@plainsite doing the real dirty work here

gzu

5 tahun yang laludiscuss

Bitcoin is "bad for the planet". 0 percent interest rates are worse. It's the lesser of evils.

gzu

5 tahun yang laludiscuss

What about 0 percent interest rates? How much environmentally damaging malinvestment across the globe has been caused by risk free money?

Think of how carbon intensive the concrete, steel, manufacturing, power generation industry are. Not to mention the population boom beyond our earths carrying capacity needed to perpetuate our ever increasing monetary scheme requiring never ending growth where deflation can never exist.

gzu

5 tahun yang laludiscuss

No one is paying bills right now due to COVID relief. Q4 alone saw $32B of missed student loan, $7B in missed rent and $14B of missed mortgage payments. Pent up roaring 20's demand and hyperinflation?

gzu

6 tahun yang laludiscuss

Microstrategy (MSTR) call options

gzu

6 tahun yang laludiscuss

Central banks are trying to prop up the deflationary structural changes happening in the broader world economies due to aging demographics and technology reducing the value of human labor.

The end result is an enormous asset bubble as their only solution is to print money to prevent any actual deflation from happening as that would implode the financial system.

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