#Chia is already making HDD prices go up.
Cryptocurrencies are cancer that's eating upbresources - all for a few people to get rich.
The HDD prices are highest they've been in the past half a year. This is not the pandemic, this is crypto. First GPUs, now HDDs.
People are buying petabytes of storage to hold useless noise in order to get Chia.
Which in 100+ days will yield 1 Chia (currently ~1 USD) per 1 TB of given up pool storage.
#crypto #cryptocurrency #cryptocancer
@wolf480pl @cjd I don't know. If the demand will go exponentially up (as it often does), I don't think HDD factories can be built faster than this. Also - the resources required are limited, and this is a whole complex industrial chain. I do not think it'll be able to adapt to this increasing demand fast enough.
@unfa like it or not money is going digital. It can't be stopped. Question really is who do you want in charge?
The banks did more damage to the average person in 2008 than any crypto. If people want to waste their time and money on shitcoins let them. There's enough information out there for people to make informed choices.
I want to destroy the banking industry as much as I can. The reasons are deep. I'm not in for some bullshit meme coin.
@mxtthxw I don't think banks are great, or that traditional money is great (it sucks ,TBH). But so far cryptocurrencies look like a non-solution to me.
Here's an article I think anyone into crypto should read: https://linuxreviews.org/Cryptocurrency_Is_An_Abject_Disaster
If you believe otherwise - please share your perspective.
@unfa Once the mania ends, there will be a lot of very cheap second-hand electronics laying around 😉
During the dotcom bubble, everyone and their mother were building fiber optics and broadband internet connections for projects that would ultimately fail, and left the infrastructure behind for us to use.
@nicemicro Well, yeah, but who knows when will it end? Or will it end at all? Bitcoin minim is burning more electricity than New Zealand, and it doesn't seem like it's going to stop any time soon.
@unfa The nice thing about bubbles is that they can end very abruptly once all the people who wanted in are in, and there's no new person to sell it to for a higher price.
@nicemicro Yes, that's why only the tip of the pyramid gains anything, the rest find themselves stranded with worthless currency once the top players sell all their stock.
At least that's how I think this works right now.
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