So, if the AI bubble pops, it’ll be a great time to build a PC
Like there won’t be some other hype to immediately take it’s place. Just like Bitcoin GPU prices never collapsed because it went right into AI hype.
Tbf Bitcoin didn’t fuck with the GPU market, that was more etherium’s doing
Bitcoin trashed the GPU market before moving on to Asics. Then other coins kept going on GPUs.
Which is even sadder because Ethereum has always been a trash coin.
Why? And which coins are good?
Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.
It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.
The explosion of scam coins was basically inevitable, it’s what you get with zero regulation.
The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit
the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Most of the shit meme coins are on Solana.
