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> Overlay Ethereum-USD and Nvidia charts for the past 5 years and what does that tell you? My take is both Nvidia's stock price and Ethereum-USD price were prod
by justapassenger 4y ago
> Overlay Ethereum-USD and Nvidia charts for the past 5 years and what does that tell you? My take is both Nvidia's stock price and Ethereum-USD price were products of helicopter money. Sure some gamers bought cards, but not on the scale to which miners acquired them.
While I do get your point, and largely agree, I don't think that stock price is a good comparison. You can overlay also Meta or Amazon stock, and get same conclusions. Last few years were across the board tech bubble.
- monkmartinez 4y agoAgreed, it has been very bubbly across the board. However, I think Nvidia (AMD as well) and Ethereum are especially correlated as first and second order effects seem proportional to incentive feedback into their respective ecosystems. Ethereum has been hounded by the 'wastefulness' of mining, which is to say 'proof of stake' wasn't born in a vacuum. Likewise, Nvidia GPU's were being bought at many multiples of msrp in BULK! Call it a perfect storm, call it what you want... but Nvidia has a tough road ahead.