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A comment on Cryptocurrencies add nothing useful to society, says chip-maker Nvidia. Parent comment

Re:Cryptocurrencies add nothing useful to society, says chip... by unvx-n-banned on Sunday March 26, 2023 @04:27PM (#35319194)
Bitcoin is trading at 28k. When the dollar is endlessly printed, all you need to do is not sell your bitcoin and eventually you'll come out ahead. Because the dollar supply is infinite, it is not zero-sum.
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Re:Cryptocurrencies add nothing useful to society, says chip... by jboy55 on Sunday March 26, 2023 @04:46PM (#35319402)
If bitcoin was the only crypto, maybe, but there is an infinite number of possible crypto coins.
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Re:Cryptocurrencies add nothing useful to society, says chip... by menzoic on Sunday March 26, 2023 @05:07PM (#35319628)
Why is that relevant? Anyone can create crap. That doesn't change the tech.
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Re:Cryptocurrencies add nothing useful to society, says chip... by unvx-n-banned on Sunday March 26, 2023 @07:38PM (#35320930)
Bitcoin is smarter than anything you've invented
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Re:Cryptocurrencies add nothing useful to society, says chip... by sowbug on Sunday March 26, 2023 @06:04PM (#35320124)
An infinite number of Facebook clones, too.
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Re:Cryptocurrencies add nothing useful to society, says chip... by unvx-n-banned on Sunday March 26, 2023 @08:14PM (#35321219)
There's an infinite number of fiat currencies. There's a dozen different precious metals. What's your point?
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Re:Cryptocurrencies add nothing useful to society, says chip... by jboy55 on Monday March 27, 2023 @02:25PM (#35330339)
The point is only valid when you are going to make a case for "crypto" on Bitcoin's finite supply.
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Re:Cryptocurrencies add nothing useful to society, says chip... by codedokode on Sunday March 26, 2023 @04:58PM (#35319546)
This is an interesting observation. Governments officially support inflation, i.e. stealing your hard earned money (as stealing money seem to be better for economy) and you cannot do anything with it.
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