Re:How badly is cryptocurrency worsening the chip shortage?
by ohgodplsno on Friday November 12, 2021 @12:10PM
(#29201757)
>Ethereum is not really a shitcoin though, unless you consider all cryptocurrencies shitcoins
dingdingdingding! There is nothing useful done with Eth today, aside from quick money grabs.
Re:How badly is cryptocurrency worsening the chip shortage?
by reidjs on Friday November 12, 2021 @12:13PM
(#29201801)
There's a lot of people using it for online gaming (gambling) I think
Re:How badly is cryptocurrency worsening the chip shortage?
by ohgodplsno on Friday November 12, 2021 @12:22PM
(#29201920)
Fueling addictions and bypassing regulations in hundreds of countries isn't exactly a shining example of the technology.
Re:How badly is cryptocurrency worsening the chip shortage?
by kevinmgranger on Friday November 12, 2021 @12:31PM
(#29202054)
I'm no fan of it either, but plenty of folks would view bypassing financial regulations as a shining example. That was part of the point, was to sidestep government oversight.
Re:How badly is cryptocurrency worsening the chip shortage?
by danaris on Friday November 12, 2021 @02:07PM
(#29203296)
Another way of saying that is "to enable criminal activity."
Re:How badly is cryptocurrency worsening the chip shortage?
by kevinmgranger on Friday November 12, 2021 @02:39PM
(#29203646)
Sure. But legality is separate from morality.
Re:How badly is cryptocurrency worsening the chip shortage?
by sershe on Saturday November 13, 2021 @10:59AM
(#29210650)
It's important to separate moral judgement from technical judgement. Even if I agreed with you on morality (which I don't on either count), addiction industries, including the legal ones like tobacco and games, have always been large and profitable, and avoiding various regulation has also been a big "meta-industry" for a long time.
Ethereum is not really a shitcoin though, unless you consider all cryptocurrencies shitcoins. Many tokens are implemented as ERC-20s (including most relevant stablecoins), other chains target EVM compatibility to drive developer adoption, majority of the NFT boom has been in ERC-721 NFTs on Ethereum, and traditional companies are now building L2s on top of Ethereum tech (PwC, Reddit).
Ethereum blockchain is pretty fundamental to much of what is happening in crypto aside from pure NumberGoUpism. Miners can hard fork ETH if they want to, but I doubt they will. All those dollars held in stablecoins will determine which chain has validity, and I doubt USDC/DAI/RAI/GUSD would go along with a miner cashgrab fork again Vitalik...