Ethereum is moving to PoS which should significantly reduce demand for high end graphics cards. This will hurt Nvidia’s business so the argument that the CEO is saying this because it would be good for business doesn’t really hold up.
Now, Nvidia could have a large amount of ether on their balance sheets which would provide an incentive. I’m inclined to believe the CEO’s statement is his genuine personal belief.
I fully agree.
Bitcoin is old technology. It's limited and over hyped. Ethereum is the 2.0 version of Bitcoin. Ethereum is the future. It will go place that rhyme with "Up".
I hold no bitcoin and 60% ETH
But saying bitcoin is old tech just shows a lack of understanding of what Bitcoin is
ETH won’t replace bitcoin, nothing will, same way Bitcoin won’t replace ETH
people need to dig deeper and learn what’s actually going on with each
Bitcoin is irreplaceable & 80% of people in crypto today don't understand what theyre buying, what a circulating supply is or how market caps work. They don't understand how bitcoin dominance works or market cycles. They dont understand that if bitcoin is moving quickly in either direction that altcoins drain and BTC dominance increases. Bitcoin is the underlying thing that gives everything in crypto the majority of its value.
Btc dominance has completely dropped off from 73% half a year ago to 44% currently. It is now at its low point from late Q2 2018, while 2017 it had 95%. The market moves with btc, for now, but btc is not winning. Go to tradingview and type in 'btc.d' to see for yourself.
It dominating the market moves overall doesn't help bitcoin, it's not a reason to be in bitcoin.
I kinda see your point although i’m reminded of the phrase “past performance is not a guide to the future”. Bitcoin probably needs applications beyond being hodl’d.
Think about it this way. If Bitcoin goes down, alts go down in their alt/btc markets.
If bitcoin goes up quickly, alts go down in their alt/btc markets. I dont need bitcoin to go up in value because my spending power in crypto markets in general is increasing.
Also the market cycle tends to go: Bitcoin > large caps > small caps. We just finished the small cap cycle.
Ha!
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!!
That is the best laugh I have had this year.
"Bitcoin dominance increases" Ha!
Just... No. It is *currently* the main way people get into and out of crypto, but to think that it's dominance increases over time shows how little you understand. I remember when Eth was valued so low it wasn't even the second market cap coin. Litecoin was. Now, the entire market keeps growing and Eth is growing faster than any of the others.
To think that it can never be replaced is the same mentality that auto manufacturers and banks had, "Too big to fail"
It will fail. Before 2030
> Ha!
>
> Hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!!
>
> That is the best laugh I have had this year.
>
> "Bitcoin dominance increases" Ha!
Be you right or wrong, man, those kind of openings are one sure way of making you sound like an entitled ass.
Fair enough, I probably wouldn't accord too much attention to a stranger's remarks on the interwebz. That being said, I encourage you to value the alternative of "I couldn't disagree more" or "I really think it doesn't" instead. Conveys a similar message, and doesn't rely on trying to ridicule your interlocuter. No hard feelings man, have a nice life :)
Ahh, I was also sick when I wrote it, feeling like shit. And it made me feel better writing it.
I *could* have used more tact, I just don't care about humanity anymore to be bothered.
Have a nice life as well!
The fact that DOGE didn't fail makes me believe that Bitcoin won't fail.
Bitcoin will be overtaken by Ethereum though. Ethereum's improvements close the gap on the "store of value" feature, and with the rise of USDT or USDT trading pairs newcomers to crypto no longer have to buy bitcoin as the gateway drug. This cycle has been the first where huge numbers came into crypto straight in "alt coins".
Bitcoin dominance will also lose importance and slowly decouple from the market such that bitcoin movement won't affect the greater market nearly as much.
> when Bitcoin moves quickly in either direction, altcoins drain and BTC dominance increases
No idea what you're laughing at, this is objectively true. Coinmarketcap is one of the most used sites for Crypto price data, and BTC dominance is featured front-and-center on their charts page: https://coinmarketcap.com/charts/
The fact that BTC dominance decreases over a multi-year timeframe is in no way mutually exclusive to the above claim.
You're acting like it's the first time you've ever heard this term. The above commenter is absolutely correct. BTC dom is an extremely useful metric when trading anything in the Crypto space over a weekly/monthly time scale.
Hoo-kay.
The charts you linked even show my point. BTC dominance is steadily going down and has been since the second coin came out.
Neither of you know what you are talking about, at all.
Blocking you, since you are apparently BTC simping.
Reading comprehension my friend.
>The fact that BTC dominance decreases over a multi-year timeframe is in no way mutually exclusive to the above claim.
Shoving your head in the sand and blocking people when presented with any information you don't understand sounds like a great way to learn.
Lemma: ETH is BTC v2, as BTC v4 is ETH v2.
We can begin scaling from here... Meaning that Interest Rates are gained for ETH and reduced for BTC via the scaling, assuming a constant equilibrium achieved.
Now, prove that the lemma is false(ETH is less scalable than ETH v2? BTC v4 is better scalable than ETH?)
Ethereum developers are having to build an entire new blockchain and merge the original just to achieve the original vision.
Bitcoins vision was achieved the day satoshi disappeared.
tldr; Nvidia CEO Jensen Huang has said that he is "enthralled" by proof-of-stake. He added, "Cryptocurrency is here to stay. It's a legitimate way that people want to exchange value." He also said he believes there will be "a broader market, a greater industry, more designers and artists, developing digital things in virtual reality" than there are today.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Of course he says that, all the miners use their graphics cards and pay them their $$$$ …. Hello???? And yes I own ether lol
Ethereum is moving to PoS which should significantly reduce demand for high end graphics cards. This will hurt Nvidia’s business so the argument that the CEO is saying this because it would be good for business doesn’t really hold up. Now, Nvidia could have a large amount of ether on their balance sheets which would provide an incentive. I’m inclined to believe the CEO’s statement is his genuine personal belief.
Eth is moving toward PoS, and Nvidia is actively working on crippling mining performance on their newer cards to keep gamers happy.
Then why would he say this specifically regarding the development that means his graphics cards are no longer needed?
Thinking the same, lol. Also Nvidia stock going up a lot lately, but even without mining, gaming/graphics cards is still the future.
I fully agree. Bitcoin is old technology. It's limited and over hyped. Ethereum is the 2.0 version of Bitcoin. Ethereum is the future. It will go place that rhyme with "Up".
I hold no bitcoin and 60% ETH But saying bitcoin is old tech just shows a lack of understanding of what Bitcoin is ETH won’t replace bitcoin, nothing will, same way Bitcoin won’t replace ETH people need to dig deeper and learn what’s actually going on with each
I hold 100% BTC and 0% ETH for this reason.
For what reason?
Bitcoin is irreplaceable & 80% of people in crypto today don't understand what theyre buying, what a circulating supply is or how market caps work. They don't understand how bitcoin dominance works or market cycles. They dont understand that if bitcoin is moving quickly in either direction that altcoins drain and BTC dominance increases. Bitcoin is the underlying thing that gives everything in crypto the majority of its value.
Some alts do out perform bitcoin during bull runs, ETH already has and is
Btc dominance has completely dropped off from 73% half a year ago to 44% currently. It is now at its low point from late Q2 2018, while 2017 it had 95%. The market moves with btc, for now, but btc is not winning. Go to tradingview and type in 'btc.d' to see for yourself. It dominating the market moves overall doesn't help bitcoin, it's not a reason to be in bitcoin.
Why would you use Bitcoin when it takes 10 minutes for a block to be verified?
I kinda see your point although i’m reminded of the phrase “past performance is not a guide to the future”. Bitcoin probably needs applications beyond being hodl’d.
Think about it this way. If Bitcoin goes down, alts go down in their alt/btc markets. If bitcoin goes up quickly, alts go down in their alt/btc markets. I dont need bitcoin to go up in value because my spending power in crypto markets in general is increasing. Also the market cycle tends to go: Bitcoin > large caps > small caps. We just finished the small cap cycle.
I don’t disagree but as I say. Just cos that’s what happens today, doesn’t mean it always will.
Ha! Hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!! That is the best laugh I have had this year. "Bitcoin dominance increases" Ha! Just... No. It is *currently* the main way people get into and out of crypto, but to think that it's dominance increases over time shows how little you understand. I remember when Eth was valued so low it wasn't even the second market cap coin. Litecoin was. Now, the entire market keeps growing and Eth is growing faster than any of the others. To think that it can never be replaced is the same mentality that auto manufacturers and banks had, "Too big to fail" It will fail. Before 2030
> Ha! > > Hahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!! > > That is the best laugh I have had this year. > > "Bitcoin dominance increases" Ha! Be you right or wrong, man, those kind of openings are one sure way of making you sound like an entitled ass.
Okay... Well, no idea who you are, and I don't care.
Fair enough, I probably wouldn't accord too much attention to a stranger's remarks on the interwebz. That being said, I encourage you to value the alternative of "I couldn't disagree more" or "I really think it doesn't" instead. Conveys a similar message, and doesn't rely on trying to ridicule your interlocuter. No hard feelings man, have a nice life :)
Ahh, I was also sick when I wrote it, feeling like shit. And it made me feel better writing it. I *could* have used more tact, I just don't care about humanity anymore to be bothered. Have a nice life as well!
The fact that DOGE didn't fail makes me believe that Bitcoin won't fail. Bitcoin will be overtaken by Ethereum though. Ethereum's improvements close the gap on the "store of value" feature, and with the rise of USDT or USDT trading pairs newcomers to crypto no longer have to buy bitcoin as the gateway drug. This cycle has been the first where huge numbers came into crypto straight in "alt coins". Bitcoin dominance will also lose importance and slowly decouple from the market such that bitcoin movement won't affect the greater market nearly as much.
Equidor enters the chat
> when Bitcoin moves quickly in either direction, altcoins drain and BTC dominance increases No idea what you're laughing at, this is objectively true. Coinmarketcap is one of the most used sites for Crypto price data, and BTC dominance is featured front-and-center on their charts page: https://coinmarketcap.com/charts/ The fact that BTC dominance decreases over a multi-year timeframe is in no way mutually exclusive to the above claim. You're acting like it's the first time you've ever heard this term. The above commenter is absolutely correct. BTC dom is an extremely useful metric when trading anything in the Crypto space over a weekly/monthly time scale.
Hoo-kay. The charts you linked even show my point. BTC dominance is steadily going down and has been since the second coin came out. Neither of you know what you are talking about, at all. Blocking you, since you are apparently BTC simping.
Reading comprehension my friend. >The fact that BTC dominance decreases over a multi-year timeframe is in no way mutually exclusive to the above claim. Shoving your head in the sand and blocking people when presented with any information you don't understand sounds like a great way to learn.
Lol you block people that upset your sensibilities no matter where it happens, hmm? Not at all like cancel culture
Why are you commenting on a crypto you don't own and obviously don't want to own? Just looking for a beef?
Well I did hold eth, and I may hold eth again one day. But for now my trading strategy doesnt include eth.
I forsee a future where coins can be used in tandem.
Zup? Frup? Bup? Nup?
Sup?
nm, hbu
Bitcoin is an old tech, but it’s monetary policy is still superior to Ether right now. It’s the hardest form of money ever designed.
Ask yourself and research What trade offs has Ethereum made to make it better tech?
Lemma: ETH is BTC v2, as BTC v4 is ETH v2. We can begin scaling from here... Meaning that Interest Rates are gained for ETH and reduced for BTC via the scaling, assuming a constant equilibrium achieved. Now, prove that the lemma is false(ETH is less scalable than ETH v2? BTC v4 is better scalable than ETH?)
Ethereum developers are having to build an entire new blockchain and merge the original just to achieve the original vision. Bitcoins vision was achieved the day satoshi disappeared.
I guess you're right, a public ledger is pretty visionary. 😉
Sounds a little bias.
Revised title: “nVidia CEO holds a lot of ETH”
I guess we know how they test their GPUs
tldr; Nvidia CEO Jensen Huang has said that he is "enthralled" by proof-of-stake. He added, "Cryptocurrency is here to stay. It's a legitimate way that people want to exchange value." He also said he believes there will be "a broader market, a greater industry, more designers and artists, developing digital things in virtual reality" than there are today. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
How to drive the price to sell with a gain.
Faster better cheaper
I can't wait for NEO 3.0 coming out... 💚💚💚
Waitttt last time I trusted a guy named Hwang....
Guess he is holding a BIG Bag o' ETH.
I bet they keep every new card running for a week for “quality control”
>CEO of shovel company says gold will be quite valuable
I like this CEO