Depends. If we are talking about Bitcoin ASICS then no. Mining is what they’re for and they are essentially useless for anything else
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Why is anyone going anywhere other than ass world?
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… it’s a gold rush that now consists entirely of hustle bros selling picks and shovels to each other
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Worse, if it is general purpose equipment, then it has been run hot and fast, non-stop, since the day it was first powered up. That causes atoms to fly off transistors and move around on chips, degrading them into an early death.
That is one reason to avoid the second-hand graphics card market.
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If you thought that the Rules of Acquisition were a bit dodgy…
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But they’re covered by the FDIC? Right?
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In The Cyphernomicon, Timothy C. May suggests that crypto-anarchism qualifies as a form of anarcho-capitalism:
What emerges from this is unclear, but I think it will be a form of anarcho-capitalist market system I call “crypto-anarchy.”
Why didn’t I know this?
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Yeah you really don’t need to be fare to those [that British word Americans don’t like].
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It’s a shame that people believe the fake documents showing that their initial “investment” is doing great, considering the trends in crypto over the last year.
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… as opposed to all the other kinds of crypto scams?
(…as opposed to the scam that is crypto?)
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Further in:
“ Perhaps the most important move by the banking regulators did not involve a specific crypto firm or token. The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency last week issued a joint statement that essentially told large banks to rethink any inkling of holding crypto assets in their portfolios. After detailing the numerous risks from crypto—including fraud and scams, misrepresentations and poor risk management from crypto companies, high volatility, legal uncertainties, and the potential for digital versions of old-time bank runs—the regulators stated: “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system.””
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Office of the Comptroller of the Currency last week issued a joint statement
Sharing that with people in the industry, I got the “well, guess that’s over” reaction.
When the regulator tells you that directly that there are “risks” they are also saying that if you participate in crypto, you will be considered complicit in those risks unless you can prove otherwise. Proving otherwise is work, the sort of flood of paperwork and signatures and customer education to which most managers are adverse.
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Now they just need the IRS saying that people can’t write off crypto losses.
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Suddenly requiring employees to take their salary in your stable coin! Now, that is some next level thinking!
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