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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>
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