@QuentinCallaghan @technology They profited quite well from them though. I guess NVIDIA will pivot to AI now that it’s the new hotness
Yeah, your post wasn’t yet visible to me when I posted mine a few minutes ago, but I am thinking the very same. The next big thing is here and they need to train the chat bots :-)
Nevertheless, they did nothing about it during the crypto boom and, even worse, made a killing. Capitalist hypocrites.
I have been using some crypto as a means of payment and find it often easier and cheaper than banking services in the fiat system.
Developers -and possibly others- could use it to monetize their work and becoming less dependant from commercial app stores. The blockchain can be a good tool for proof of provenance (although the latter doesn’t necessarily come with a currency).
By using crypto, we can cut the middleman.
There are some use cases for crypto imho, but only a few companies try to exploit its potential.
But, yeah, it seems we already have the next big thing:
Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
@ailiphilia @QuentinCallaghan Not to start a holy war but I think crypto as a technology is not a very good store of value.
Blockchain is revolutionary, but blockchain projects need to have utility rather than just a coin that you hope retains value.I think crypto as a technology is not a very good store of value
I fully agree. That’s why I use it as a means of payment rather than as value investment -:)
Blockchain is revolutionary, but blockchain projects need to have utility
Absolutely, that’s what is missing at 99.9% of blockchain projects unfortunately (but I still hope for the 0.1% :-))
@QuentinCallaghan @ailiphilia Thank you for this comment, Ailphilia. We are largely supportive of bitcoin and monero but we feel there are serious concerns about security that make it difficult to participate.
For example, many people are unaware that Cloudflare controls the on-ramps to #bitcoin in most countries. This means a person can be blocked by #Cloudflare at any moment from joining the network.
Our sources indicate this happens.
This is sadly true. There’s a lot wrong with Cloudflare and I also knew they control the on-ramps to bitcoin, but I didn’t know that they have already blocked persons.
@ailiphilia The reports started hitting us personally early in 2021.
It was likely happening before that, however. We decided to finally put it into a toot form early 2022 (see (#)bankAccounts hashtag)
Thanks, I’ll need to look into that.
now that crypto miners are not inflating the price of our products, they have no use to society
