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RE: ASICs and the price drops are killing GPU mining
That's an excellent analogy. I think more people would like crypto currencies if they really thought through how absurd fiat currencies are. A blockchain is fundamentally a very large piece of code that acts with some degree of consistency, and can't be controlled centrally (generally). That consistency and reliability is very very valuable. Fiat currencies operate in somewhat of a similar way, because their value is defined by the industry of their respective country, but the difference is the characteristics of fiat such as supply are defined by bureaucrats not an algorithm.
there's an article coming, called "Global Data Analyst: crypto supporters are liars. But are they?"
You would like it
I read it and I very much did like it. I'm not too worried about big shots spouting FUD. Crypto isn't a fad, it's a fundamental technological shift that will almost certainly change the entire world socially and economically.
... if they let us