4 ms·

As the counter point, I, as a consumer of a GPU for non-mining purposes, appreciates the effort so demand is reduced for a product by a certain market segment -

by loceng 6y ago

As the counter point, I, as a consumer of a GPU for non-mining purposes, appreciates the effort so demand is reduced for a product by a certain market segment - and thus allows the price to not be influenced by the demand of a decentralized, global MLM scheme. Also, you just don't buy that hardware - so it's not "what you can use your hardware for" - unless they're retroactively updating drivers to prevent the same use of already purchased projects. I'd argue your concern is an issue only due to patents that may prevent a competitor from coming in and making a competing product if the main producers are engaging in bad behaviours. Edit to add: I love the downvotes - they're such a strong way to sway someone's thoughts on something, so much effort gets put into clicking a downvote too - it must be serious business!

salawat 6y ago
You shouldn't be, as this is yet another example of a company exploiting cryptographic signing and information asymmetry in order to lock you out of functional capability that you paid good money for. That abusive practice is the only thing enabling this kind of business pivot. The pivot also doesn't even achieve what Nvidia claims to be setting out for, because they are splitting already limited capacity to support two distinct product lines thereby halving the overall supply available. If anything, this is just making sure everyone pays inflated prices due to scarcity.
LMYahooTFY 6y ago
>global MLM scheme. What I'll say is that the absurdity of this trite dismissal presents a large undertaking for anyone to begin to try and teach you what cryptocurrencies are. Most of the silicon valley billionaires acknowledge it as a promising technology, if that doesn't warrant some serious (read: many hours of difficult reading) consideration than expecting strangers on a message board to help you do it seems a bit entitled. I'll grant you that trite dismissal of cryptocurrencies in general is quite common on HN.
- loceng 6y ago
  "What I'll say is that the absurdity of this trite dismissal ..." Are you talking about your trite dismissal of my stating it's a global MLM scheme - which it fits the pattern for precisely? And also a Ponzi scheme because the final latest adopters are left holding the bag - meanwhile wealth was unnecessarily transferred weighted towards the earliest adopters. Blockchain is a promising technology, designing it like Bitcoin to align people through financial gain (of an MLM) has unavoidable-unfixable pitfalls. You're welcome to go through my comment history to read more about the actual solution. You're making assumptions too that my stating it's an MLM scheme isn't backed up. I find it hilarious, the irony, of you claiming my comment is a trite dismissal - as yours has exactly the same depth as mine, with the only truth you state is that blockchain is a "promising technology." Your holier-than-thou defensive comments, articulated almost poetically, is getting more common though - as the more intelligent sucked into the MLM scheme get defensive and their guard goes up - feeling the need to defend their position, needing the price of Bitcoin to go up and up and up; while you're financially incentivized to write and spend energy, and others like myself with counter-narratives aren't financially incentivized to do so.
  - LMYahooTFY 6y ago
    >meanwhile wealth was unnecessarily transferred weighted towards the earliest adopters. How many companies and technologies is this true or? Does this make them all MLM schemes? Nothing about your response indicates you're giving me a generous interpretation at all, especially given how much of this response is you dumping rhetoric on me. Being snarky and in the same breath elaborately calling me "holier-than-thou" seems like we're just going to have a name calling arms race. Similarly, the notion that more intelligent people are 'sucked in and defensive' is the true explanation, and you don't seem receptive to another interpretation to intelligent people thinking a technology is promising...it seems we may as well just leave it here. Thanks for your time.
    - loceng 6y ago
      I specifically even said blockchain is a promising technology - not receptive? LUL
    - 6y ago
- imtringued 6y ago
  >I'll grant you that trite dismissal of cryptocurrencies in general is quite common on HN. The unfortunate reality is that Bitcoin advocates all sound like people who bought into an MLM scheme. They desperately convince others that it has value and should go up.
  - LMYahooTFY 6y ago
    Most of them probably are. That doesn't make it an MLM scheme any more than Tesla is. And the counter balance I see generally are similar to the other commenter, people who will unload angry rhetoric but demonstrate no understanding of the Nakamoto Consensus algorithm much less address any of its merits.

by loceng 6y ago

salawat 6y ago

You shouldn't be, as this is yet another example of a company exploiting cryptographic signing and information asymmetry in order to lock you out of functional capability that you paid good money for. That abusive practice is the only thing enabling this kind of business pivot. The pivot also doesn't even achieve what Nvidia claims to be setting out for, because they are splitting already limited capacity to support two distinct product lines thereby halving the overall supply available. If anything, this is just making sure everyone pays inflated prices due to scarcity.

LMYahooTFY 6y ago

>global MLM scheme. What I'll say is that the absurdity of this trite dismissal presents a large undertaking for anyone to begin to try and teach you what cryptocurrencies are. Most of the silicon valley billionaires acknowledge it as a promising technology, if that doesn't warrant some serious (read: many hours of difficult reading) consideration than expecting strangers on a message board to help you do it seems a bit entitled. I'll grant you that trite dismissal of cryptocurrencies in general is quite common on HN.

loceng 6y ago
"What I'll say is that the absurdity of this trite dismissal ..." Are you talking about your trite dismissal of my stating it's a global MLM scheme - which it fits the pattern for precisely? And also a Ponzi scheme because the final latest adopters are left holding the bag - meanwhile wealth was unnecessarily transferred weighted towards the earliest adopters. Blockchain is a promising technology, designing it like Bitcoin to align people through financial gain (of an MLM) has unavoidable-unfixable pitfalls. You're welcome to go through my comment history to read more about the actual solution. You're making assumptions too that my stating it's an MLM scheme isn't backed up. I find it hilarious, the irony, of you claiming my comment is a trite dismissal - as yours has exactly the same depth as mine, with the only truth you state is that blockchain is a "promising technology." Your holier-than-thou defensive comments, articulated almost poetically, is getting more common though - as the more intelligent sucked into the MLM scheme get defensive and their guard goes up - feeling the need to defend their position, needing the price of Bitcoin to go up and up and up; while you're financially incentivized to write and spend energy, and others like myself with counter-narratives aren't financially incentivized to do so.
- LMYahooTFY 6y ago
  >meanwhile wealth was unnecessarily transferred weighted towards the earliest adopters. How many companies and technologies is this true or? Does this make them all MLM schemes? Nothing about your response indicates you're giving me a generous interpretation at all, especially given how much of this response is you dumping rhetoric on me. Being snarky and in the same breath elaborately calling me "holier-than-thou" seems like we're just going to have a name calling arms race. Similarly, the notion that more intelligent people are 'sucked in and defensive' is the true explanation, and you don't seem receptive to another interpretation to intelligent people thinking a technology is promising...it seems we may as well just leave it here. Thanks for your time.
  - loceng 6y ago
    I specifically even said blockchain is a promising technology - not receptive? LUL
  - 6y ago
imtringued 6y ago
>I'll grant you that trite dismissal of cryptocurrencies in general is quite common on HN. The unfortunate reality is that Bitcoin advocates all sound like people who bought into an MLM scheme. They desperately convince others that it has value and should go up.
- LMYahooTFY 6y ago
  Most of them probably are. That doesn't make it an MLM scheme any more than Tesla is. And the counter balance I see generally are similar to the other commenter, people who will unload angry rhetoric but demonstrate no understanding of the Nakamoto Consensus algorithm much less address any of its merits.