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authornathan <nathansmith@disroot.org>2025-07-29 21:20:24 -0600
committernathan <nathansmith@disroot.org>2025-07-29 21:20:24 -0600
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Working on crypto blog post
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+<article>
+ <p>
+ There are two types of crypto users: the peep who wants more privacy and
+ the libertarian. The libertarian makes life harder and worse for the peep
+ who wants more privacy. Libertarians are the ones who over all control the
+ status quo of crypto. Now you have a very good understanding of the issues
+ with crypto the blog post can just end here. You want more details dont
+ you? Ok you greedy bastard who cant use a search engine...
+ </p>
+
+ <h3>Mining</h3>
+ <p>
+ I dont think anyone ever have or ever will create a more fancy way to waste
+ computing power. These mother fuckers buy a bunch of gpus just
+ to overclock them and leave them running at full power until they melt. I
+ once heard a story about the gold miners in old times along the lines of
+ everyone wanted to make money mining gold so they bought all the gear and
+ started looking for gold. Most never found much but reguardless people kept
+ buying gear to go gold mining and because of this the people selling the
+ gear were getting rich while all the miners were just getting poorer. The
+ same happened with crypto mining. Nvidia made a hell ton off selling
+ hardware to mine coins barely anyone uses for anything practical. Sure
+ there are people who do make money mining but those are people who have the
+ money to spend an insane amount on a mining rig in some datacenter in a
+ third world country while they sip their wine in a first world country.
+ It isnt like nvidia is trying to hide it either. Just read
+ <a href="https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining" target="_blank">
+ this article
+ </a>
+ and get a good laugh in.
+ </p>
+
+ <h3>Trading</h3>
+ <p>
+ This is the main thing most people seem to think crypto is for. People
+ trading it without ever using it to buy and sell anything besides other
+ cryptocurrencies.
+ </p>
+</article>