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Really? I was totally not aware of that, do you have a resource?
Check this out: https://www.theverge.com/2018/3/16/17128678/plattsburgh-new-... https://www.govtech.com/policy/washington-utility-will-uphol...
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Except that I already agreed with the article before you commented [0], so it isn't Whataboutism. (You clearly knew due to your own reply to my comment). [1] Somehow, you thought I brought up the subject, or didn't I just simply agree with the parent comment too? Seems like you rushed to comment towards the wrong person. > ...than cryptocurrencies which are a highly speculative. How can a regulated stablecoin like US…
> Except that I already agreed with the article before you commented [0], so it isn't Whataboutism. Apologies but I really had a tough time parsing the last sentence in your initial comment for some reason. I see now that you agreed with the article. I'll concede that you were not technically using that strategy in its purest form. You were, however, deflecting to another issue. > How can a regulated stablecoin like…
The partnership between Moneygram and Stellar. [0] Using the USDC stablecoin on the stellar network for near-instant settlements and transfers.
Stellar pilot into CBDCs in Ukraine, [1] and Ripple used for CBDCs for Bhutan. [2]
[0] https://ir.moneygram.com/news-releases/news-release-details/...
[1] https://www.coindesk.com/policy/2021/12/14/ukraine-commercia...
[2] https://ripple.com/insights/bhutan-advances-financial-inclus...
I work in deep learning and had to camp out in front of a best buy to get my hands on some 3090s. A good portion of the people in line with me were crypto miners who were waiting to get more GPUs to add to their collection because they're making money on each one and as long as it's profitable it makes perfect sense for them to buy up more.
If nvidia straight up just stopped selling any cards, declined all their client/customer base, and just put 100% of their global output to mining cryptocurrencies, I think it's a good chance nvidia can do a 50%+1 attack on both bitcoin and ethereum at the same time. Once they successfully do the attack, they can take over the blockchains and allocate all cryptocurrencies to themselves, cash out, and it'd probably reg…
Earlier quoted context omitted.
If nvidia straight up just stopped selling any cards, declined all their client/customer base, and just put 100% of their global output to mining cryptocurrencies, I think it's a good chance nvidia can do a 50%+1 attack on both bitcoin and ethereum at the same time. Once they successfully do the attack, they can take over the blockchains and allocate all cryptocurrencies to themselves, cash out, and it'd probably reg…
The part where you say "cash out" is hilarious. There is no cash in it. You only get to keep the bits. Any cash comes from buyers and if there is any attack all the buyers are scared away.
"Clue" and "holding coin" have not so much overlap.
I guess we'll find out. It's increasingly likely the merge will happen his year. When ETH moves to PoS, mines will likely move to other currencies, or sell their hardware, that said the return for alternative crypto's still on PoW is unlikely to match that of ETH. I would be very surprised if demand from miners is not reduced.
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Again, why would they? They only stand to lose on it, so why do it in the first place?
NVIDIA would reduce demand, but for the FAANG companies it's a neutral proposition, aside from the cost of doing the work to crash the currency. And there's plenty of reasons to want to do so: Proof-of-work currencies are what make ransomware payments possible, and there's a large daily CO2 cost for proof of work currencies. The question is simply when is the cost of the externalities greater than the cost of acting?
A game theoretically designed paperclip maximizer is growing so large that we're starting to see collateral damage in the broad economy; car prices and availability issues, just to name one example.
The fact that this easy step hasn't been done suggests a broader conspiracy to destabilize Western nations and sow chaos, perhaps to usher in a transfer of global power from West to East. Note that China has banned the mining and trade of these cryptocurrencies long ago.
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The part where you say "cash out" is hilarious. There is no cash in it. You only get to keep the bits. Any cash comes from buyers and if there is any attack all the buyers are scared away.
Only if they know. "Clue" and "holding coin" have not so much overlap.
I work in deep learning and had to camp out in front of a best buy to get my hands on some 3090s. A good portion of the people in line with me were crypto miners who were waiting to get more GPUs to add to their collection because they're making money on each one and as long as it's profitable it makes perfect sense for them to buy up more.
If nvidia straight up just stopped selling any cards, declined all their client/customer base, and just put 100% of their global output to mining cryptocurrencies, I think it's a good chance nvidia can do a 50%+1 attack on both bitcoin and ethereum at the same time. Once they successfully do the attack, they can take over the blockchains and allocate all cryptocurrencies to themselves, cash out, and it'd probably reg…
See, if they just stopped selling them, people would ask questions. If, however, you just reduced the supply by like 80%, said it "was due to all those crypto miners hoarding them", and then proceeded to use that hoarded 80% to do a 50%+1 attack, you'd be able to -quietly- take over, and turn around and sell those coins to the still preserved market.
applies tinfoil hat In fact, who is to say that isn't exactly what they're doing, and hence the existing shortage?