I wonder if this will help get rid of scalpers and gpu shortages. I don’t think the prices will be going down much since Nvidia is making mad profit, but maybe availability will go up a bit.
So this is just more populist virtue signaling against the future of money
>Reports show that a controversial ban on proof-of-work (POW) tokens including Bitcoin and Ethereum is still being considered, drawing widespread criticism from the crypto community.
Who cares about “crypto community”. That’s like saying that banning things that burn fossil fuels draws widespread criticism from “oil community”. Or banning use of lead.
Those things are harmful and better substitutes exist. Ban it.
I totally support this. PoW is garbage for the environment. There are alternatives already with PoS concensus.
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I wonder if this will help get rid of scalpers and gpu shortages. I don’t think the prices will be going down much since Nvidia is making mad profit, but maybe availability will go up a bit.
are there really a lot of miners in the eu ?
A: [No, there arent](https://ccaf.io/cbeci/mining_map), hashrates are very low
So this is just more populist virtue signaling against the future of money
>Reports show that a controversial ban on proof-of-work (POW) tokens including Bitcoin and Ethereum is still being considered, drawing widespread criticism from the crypto community.
Who cares about “crypto community”. That’s like saying that banning things that burn fossil fuels draws widespread criticism from “oil community”. Or banning use of lead.
Those things are harmful and better substitutes exist. Ban it.
I totally support this. PoW is garbage for the environment. There are alternatives already with PoS concensus.