News Nvidia Wins Lawsuit Over $1 Billion in Cryptocurrency Mining-Related Sales

[coolviper777]

Tesla has some potential, but at this point, it's hardly any threat to the ICE for many reasons, including range, poor cold/hot weather battery performance, long charge times (30 minutes is way too much), and lack of infrastructure outside of cities. The self-driving feature is interesting tech for sure, but it isn't really self driving, more of an intelligent cruise control that steers, which you must monitor if you value your life.

As for Bitcoin being use as currency to buy a Tesla, or your groceries, what benefit is there in using it? There are many reasons why most merchants aren't interested in accepting BTC. From the long blockchain transaction time, to the fact that BTC you accepted in the morning, could be worth substantially less, to the cost to process being greater than current electronic processing.

As for credit cards/debit cards, the reality is, they are NOT new currency. They are simply new ways to pay with the same existing USD. They are simply an electronic infrastructure created to make paying with USD simpler. And the electronic transactions are fast, confirmed within seconds.

Your lack of imagination is not a concern, as you neither own any BTC nor are you in the market for a Tesla. It was hard to imagine using a plastic card instead of cash at one time as well. Whether that card is used for transactions for US$ or for some sort of Crypto doesn't matter.

Rarity - there will never be more than 21M BTC period. 18.5M have been mined and an estimated 1/3 are in dead wallets / lost.

You will not be mining any BTC - which are done exclusively in large operations with ASIC miners

 

[luissantos]

Without silica we would have no silicon. Using gold in electronics has nothing to do with currency, other than what it costs. And you should look up what it takes to mine gold - and most of it mined with the use of Diesel fuels... Very much at the high end of emissions - from a limited resource - Crude Oil - take a look at what it takes to get that out of the ground, and then look up fracking. Won't even go into the environmental costs of Oil.

Yes, and in return you end up with a resource that has tangible value / practical application - not something arbitrary / subjective which fluctuates WILDLY based on nothing more than market speculation.

"Flying Machines" LMAO ... "land vehicles" ... How about airplanes and cars?

How about helicopters and trucks? My choice of words was deliberate to be more encompassing.

 

[Qstep]

I can't wait until this crypto fad dies and we can get back to gaming.

It's simply Tulip Mania. Crypto has no intrinsic worth other than the electricity you burned up doing math. Most forms of actual, real currency are backed by some other commodity. Gold, Silver, Oil, etc. Some are backed by other currencies such as when a foreign country uses the US Dollar as the basis of it's own currency. Crypto is inherently worthless. The only value it has is what you can convince the next sucker to buy it for with actual, real money.

"real currency" is not backed by gold anymore. Do your research.