Well somewhat good news finally. The problem is that aib manufacturers has increased their own msrp much, much higher than amd or nvdisia put them so even is demand starts to go down, we are not gonna see gpus near their original msrp prices! The only this that would put cheaper gpus to the market would be if maineeseen are going to dump their used gpus. New gpus are gonna be high for years… unles you can buy them directly from nvidia or amd… retail versions don`t come down.
Graphics cards often drop below their initial MSRPs to adjust for market conditions. The manufacturers may have hiked the prices of their cards to extract more profit from miners, but once the mining market collapses it could make sense for them to lower them again, even if they don't announce an official price adjustment.
And while a completely new generation of cards from Nvidia or AMD is probably at least a year away, there could also potentially be something along the lines of last generation's "SUPER" refresh that Nvidia put out to counter the launch of AMD's 5000-series cards. Intel is expected to start launching their dedicated gaming cards later this year, and they often tend to be competitive when entering new markets. Depending on what they have to offer, Nvidia and AMD might be compelled to refresh their lineups as well.
Worse for China and the poor Chinese, but better for the rest of the world, which will get a higher percentage of the cake.
Anyways, the point of cryptos is to get rid of the government, so ban all you want, it will be pointless.
In the end, Gresham's law always wins.
Crypto generally isn't being used to actually buy things. It's just something people are using to trade for actual, government-backed currencies in hopes of making a quick buck before the crypto market collapses. Those hoping to make money off of it might try to convince people otherwise, but it's really just a pyramid scheme selling a mostly useless product designed to make its creators and some early adopters money by effectively stealing it from those who end up stuck holding onto it in the end.
And "Gresham's law" referred to actual coins that had value in the precious metal contained in them, compared to less physically-valuable forms of money issued by the same source. I guess one could argue that stable government-backed currencies hold more value than unstable crypto, but there's no one-to-one value between them. And again, they are not being used for any significant amount of actual purchases, but rather just being traded like a collectible, as people don't want to make or accept payments for purchases with a currency whose value could swing wildly at a moment's notice.
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