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Ignoring the upside/downside of buying used mining cards, is anyone else purposefully not buying to punish those who hoarded all the GPUs with an inability to p

by Lucent 4y ago

Ignoring the upside/downside of buying used mining cards, is anyone else purposefully not buying to punish those who hoarded all the GPUs with an inability to profitably exit a commons-harming hustle so they might think twice before trying it again?

danuker 4y ago
If it is commons-harming, it should be addressed by the commons - through politics. I should be free to use energy as I wish, just that the cost of externalities should be internalized (i.e. taxes for greenhouse emissions should be baked into the price of electricity, or alternatively the fossil fuel used in the first place). As such, prices would give us a mechanism to judge the TRUE total cost of, say, leaving a light on versus its productivity benefits.
- JustLurking2022 4y ago
  At the moment, you are free to do so, but everyone else is free to think you're a giant pile of cow dung for doing it, and screwing over the planet in the process. Hopefully, the commons will strike bank by cracking down hard on crypto to effectively wipe out any profits and deter future schemes that emerge faster than regulators can stay on top of them.
  - Liquix 4y ago
    BTC being portrayed as "bad for the environment" is just as ridiculous as trying to guilt people into buying meat alternatives or electric cars because their way of life is "bad for the environment". Almost 90% of the world's pollution comes from unregulated factories in China spewing literal tons of waste into the air and water - Nike, Apple, BMW, Adidas, etc factories [0]. If these companies were forced to care about the environment or move manufacturing back into their home countries, the "environmental crisis" would be solved overnight. But this can't happen because the companies will make less money - so instead they shift the blame onto the consumer: BTC is bad, plastic straws are bad, think about your "carbon footprint" (a term invented by big oil thinktanks to shift blame back onto their customers [1]). Nothing that private citizens do has any impact whatsoever on the environment when compared to the actions of these corporations. Only difference is they have billions of dollars to spend convincing you it's your fault. [0] https://www.weforum.org/agenda/2018/06/90-of-plastic-polluting-our-oceans-comes-from-just-10-rivers/ https://www.weforum.org/agenda/2018/06/90-of-plastic-polluti... [1] https://www.theguardian.com/commentisfree/2021/aug/23/big-oil-coined-carbon-footprints-to-blame-us-for-their-greed-keep-them-on-the-hook https://www.theguardian.com/commentisfree/2021/aug/23/big-oi...
    - uni_rule 4y ago
      We get that you're playing cookie clicker with real life money / thousands of dollars of computer hardware but you don't need to act like you're doing the world a service with it. It's inherently wasteful because proof of work is inherently wasteful. All it is, is a massive energy sink for the sole (uncharismatic) purpose of gaming a digital currency's value back and forth to USD for profit. At the very least factories actually produce goods. All crypto produces is speculation, its original existence as a "currency" almost completely vestigial to it's current purpose as cynical gambling chip held in reference to actual hard currency. Also the fact that this is even in the same stratosphere as the world's global manufacturing hub is fucking mortifying, how the hell is that justifyable? How is that not inefficient to the point of lunacy? What does that add to society?
- uni_rule 4y ago
  They aren't going to regulate shit, 90% of Congress still calls the computer tower the hard drive. They aren't going to regulate dirty fuels either because whether they produce pollution is now a matter of "opinion" tied inherently to partisan brainrot.
vachina 4y ago
Clicked skip cutscene and got a Series X instead.
gruez 4y ago
Sounds like ESG investing. The dynamics are the same. You want to punish The Bad Guys by withholding something from them, either capital or purchasing dollars. However, doing so creates an imbalance in the markets so they end up getting underpriced, which turns into a transfer of wealth from the people with moral convictions to people without.
Workaccount2 4y ago
People think that if there were no scalpers, that they would be able to get a card at MSRP. But that's completely misguided. They wouldn't be able to get a card at all. Affordable, widely available, obtainable. In a supply constrained market, you can only choose two of those. Scalpers make it so it's widely available and obtainable. But no other option would help everyone get cards at MSRP.
deleted 4y ago
[deleted]

by Lucent 4y ago

danuker 4y ago

If it is commons-harming, it should be addressed by the commons - through politics. I should be free to use energy as I wish, just that the cost of externalities should be internalized (i.e. taxes for greenhouse emissions should be baked into the price of electricity, or alternatively the fossil fuel used in the first place). As such, prices would give us a mechanism to judge the TRUE total cost of, say, leaving a light on versus its productivity benefits.

JustLurking2022 4y ago
At the moment, you are free to do so, but everyone else is free to think you're a giant pile of cow dung for doing it, and screwing over the planet in the process. Hopefully, the commons will strike bank by cracking down hard on crypto to effectively wipe out any profits and deter future schemes that emerge faster than regulators can stay on top of them.
- Liquix 4y ago
  BTC being portrayed as "bad for the environment" is just as ridiculous as trying to guilt people into buying meat alternatives or electric cars because their way of life is "bad for the environment". Almost 90% of the world's pollution comes from unregulated factories in China spewing literal tons of waste into the air and water - Nike, Apple, BMW, Adidas, etc factories [0]. If these companies were forced to care about the environment or move manufacturing back into their home countries, the "environmental crisis" would be solved overnight. But this can't happen because the companies will make less money - so instead they shift the blame onto the consumer: BTC is bad, plastic straws are bad, think about your "carbon footprint" (a term invented by big oil thinktanks to shift blame back onto their customers [1]). Nothing that private citizens do has any impact whatsoever on the environment when compared to the actions of these corporations. Only difference is they have billions of dollars to spend convincing you it's your fault. [0] https://www.weforum.org/agenda/2018/06/90-of-plastic-polluting-our-oceans-comes-from-just-10-rivers/ https://www.weforum.org/agenda/2018/06/90-of-plastic-polluti... [1] https://www.theguardian.com/commentisfree/2021/aug/23/big-oil-coined-carbon-footprints-to-blame-us-for-their-greed-keep-them-on-the-hook https://www.theguardian.com/commentisfree/2021/aug/23/big-oi...
  - uni_rule 4y ago
    We get that you're playing cookie clicker with real life money / thousands of dollars of computer hardware but you don't need to act like you're doing the world a service with it. It's inherently wasteful because proof of work is inherently wasteful. All it is, is a massive energy sink for the sole (uncharismatic) purpose of gaming a digital currency's value back and forth to USD for profit. At the very least factories actually produce goods. All crypto produces is speculation, its original existence as a "currency" almost completely vestigial to it's current purpose as cynical gambling chip held in reference to actual hard currency. Also the fact that this is even in the same stratosphere as the world's global manufacturing hub is fucking mortifying, how the hell is that justifyable? How is that not inefficient to the point of lunacy? What does that add to society?
uni_rule 4y ago
They aren't going to regulate shit, 90% of Congress still calls the computer tower the hard drive. They aren't going to regulate dirty fuels either because whether they produce pollution is now a matter of "opinion" tied inherently to partisan brainrot.

vachina 4y ago

Clicked skip cutscene and got a Series X instead.

gruez 4y ago

Sounds like ESG investing. The dynamics are the same. You want to punish The Bad Guys by withholding something from them, either capital or purchasing dollars. However, doing so creates an imbalance in the markets so they end up getting underpriced, which turns into a transfer of wealth from the people with moral convictions to people without.

Workaccount2 4y ago

People think that if there were no scalpers, that they would be able to get a card at MSRP. But that's completely misguided. They wouldn't be able to get a card at all. Affordable, widely available, obtainable. In a supply constrained market, you can only choose two of those. Scalpers make it so it's widely available and obtainable. But no other option would help everyone get cards at MSRP.

deleted 4y ago

[deleted]