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A comment on TSMC hikes chip prices up to 20% amid supply shortage. Parent comment

Re:TSMC hikes chip prices up to 20% amid supply shortage by babypuncher on Thursday August 26, 2021 @01:56PM (#28318239)
I don't think proof-of-stake will actually work. Not because of any technical reasons, but because 95% of the people involved in crypto just see it as a free money printing machine. Once their hardware is no longer useful for mining, they will just move to some other proof-of-work crypto.
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Re:TSMC hikes chip prices up to 20% amid supply shortage by TillE on Thursday August 26, 2021 @03:07PM (#28319160)
It's incredibly unfortunate that Bitcoin and similar proof-of-work currencies blew up and remained hot commodities. Because I do think that cryptocurrency is abstractly a very exciting idea, but the popular implementations are fundamentally abysmal.

If proof-of-stake works out, particularly as a currency people can actually use, then maybe nobody wants to buy Bitcoin anymore and the whole thing dries up as only speculators are left.

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Re:TSMC hikes chip prices up to 20% amid supply shortage by kragen on Thursday August 26, 2021 @08:04PM (#28322651)
Just to be clear, Bitcoin isn't creating any GPU demand now; mining ASICs are too good. Ethereum is also becoming ASIC-dominated, but being scrypt-based reduces the ASIC advantage.
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