Unikrn Crypto CEO Devolves Into Insults When Challenged

BloodyIron said:
While this CEO sure looks like a Dingus, this whole GPU situation is a simple demand outstripping supply thing, and the only entities that can realistically solve this is AMD and nVidia, by producing more.
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It's a bit more than that.

AMD / nVidia order the chips
TSMC / GLOBAL own the factories that fabricate the chips
Shin-Etsu Handotai / SUMCO produce the wafers for chips


Now, There is a silicon wafer shortage, because Shin-Etsu and SUMCO do not want to needlessly expand capacity. They were burnt by that before and are playing cautious.
This very same silicon wafer shortage is also part of the reason for the recent RAM prices.
Add to this the sudden speculative mining boom and AMD / nVidia not wanting to commit to uncertainty and you have this total shit show that is now.
 
HorseproofBacon said:
No it's really not. The logic in the analogy is flawed since you are comparing apples to oranges. A better analogy would have been to analyze the artificial price gouging that occurs during a natural disaster where the actions of a few retards affect the masses (such as gas hoarders).

The only way supply will meet demand is when cryptocurrency goes bust. The soon the better. Until then, criticizing yours (and others) cryptocurrency mining operations is both valid and justified.
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My analogy was not apples to oranges, Graphics cards are as necessary to human survival as are clothespins. But you think your analogy is better lol? Really? Comparing price gouging during natural disasters for essential survival items to the prices of luxury GPUs used to play games, and run CUDA applications is better? This isn't price gouging my friend. These aren't essential survival items. People can charge whatever they want for goods they sell. Criticize all you want, it just makes you a whiner, it doesn't make you right.
 
vertices said:
My analogy was not apples to oranges, Graphics cards are as necessary to human survival as are clothespins. But you think your analogy is better lol? Really? Comparing price gouging during natural disasters for essential survival items to the prices of luxury GPUs used to play games, and run CUDA applications is better? This isn't price gouging my friend. These aren't essential survival items. People can charge whatever they want for goods they sell. Criticize all you want, it just makes you a whiner, it doesn't make you right.
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What drives a lot of anger over this is the greed and speculation driving cryptocurrencies and GPU prices. Basically mining consumes resources to create a blockchain that doesn't have any more intrinsic value necessary for human survival than gaming.
 
Made me laugh.

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Man we have some socialists up in here lol.

The market will sort it out. The ram is the issue with the shortages. The new Samsung ram looks very promising and other manufacturers will produce more.

Supply and demand....market forces. Let them work people....they almost always do and we the consumer benefit.
 
bugleyman said:
Thank you, captain obvious. Welcome to the thread. :p
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Thank you for completely understanding what I was posting about. The guy who quoted me made a really good post. I thought it was informative. The post HE quoted had a slightly different meaning and was over looking the fact that mining only cards still means more cards.
 
I seem to remember some ATI cards being sold way over MSRP a few months ago, so what is the difference between the last crypto craze and now? They also were flooded on eBay when you couldn't mine for a profit at the time, then once again rose in value when the new ASIC resistant RAM dependent crypto took off.

See Led Zeppelin's "How many more times" for a good analogy. Markets don't care about how much you hate them, either pay the price or go home.

It's capitalism, same with outsourcing, cheaper products for sake of obsolescence, etc. No amount of gamer hate will fix the problem. There were plenty of cards available around Christmas, you snooze you lose.
 
vertices said:
My analogy was not apples to oranges, Graphics cards are as necessary to human survival as are clothespins. But you think your analogy is better lol? Really? Comparing price gouging during natural disasters for essential survival items to the prices of luxury GPUs used to play games, and run CUDA applications is better? This isn't price gouging my friend. These aren't essential survival items. People can charge whatever they want for goods they sell. Criticize all you want, it just makes you a whiner, it doesn't make you right.
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You were comparing an an object which price is affected drastically by a relatively small number of people to an object that's price and volume is completely unaffected by a larger portion of the population. There is zero relation. Your analogy remains flawed despite your delusions. This is text book price gouging when a company is charging more for an item because it can and some people will pay it because they have no other alternative except not to buy it. Your ardent defense of a parasitic activity doesn't make you right either.
 
heatlesssun said:
What drives a lot of anger over this is the greed and speculation driving cryptocurrencies and GPU prices. Basically mining consumes resources to create a blockchain that doesn't have any more intrinsic value necessary for human survival than gaming.
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You are correct. Mining literally adds nothing to society and is parasitic in nature. Even a fast food worker at least contributes something to society.
 
bugleyman said:
On I'm not done yet .. you used to be Hard, Kyle. Now you're just soft, old and bitter.

Wanna know when someone is losing an argument? Just look for unrelated personal attacks to start flying.*

* Though Kyle may, in fact, be old.
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HorseproofBacon said:
You are correct. Mining literally adds nothing to society and is parasitic in nature. Even a fast food worker at least contributes something to society.
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Pretty interesting that you have the foresight to know that public blockchains and decentralized applications will never ever add anything to society. It's crazy people are throwing this amount of money and building businesses around something with 0 value right? You sound like a socialist. Sorry Bernie didn't win buddy. Peace.
 
HorseproofBacon said:
You are correct. Mining literally adds nothing to society and is parasitic in nature. Even a fast food worker at least contributes something to society.
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One could say the same thing about gaming. Adds nothing, teaches young ones in how to kill, takes away from spending time in doing something more important like cutting the grass, consumes electricity :rolleyes:.
 
vertices said:
Pretty interesting that you have the foresight to know that public blockchains and decentralized applications will never ever add anything to society. It's crazy people are throwing this amount of money and building businesses around something with 0 value right? You sound like a socialist. Sorry Bernie didn't win buddy. Peace.
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So what exactly has it added that is a benefit to society? How is it more helpful for society than a Mc'ds worker? What exactly is it producing? Even a bedbug is a food source for other creatures.

Too many assumptions for one post but I will give you no information to twist. Keep fishing.
 
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noko said:
One could say the same thing about gaming. Adds nothing, teaches young ones in how to kill, takes away from spending time in doing something more important like cutting the grass, consumes electricity :rolleyes:.
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Except not really.

The energy consumption to play a game for an hour or two cannot be compared to that of a mining rig running 24/7.

Gaming is a form of recreation. It easily can entertain, relax, unwind,(rage). Recreational activities are quite useful for just about everybody who is not an automaton.

Can't say the same thing for mining.
 
HorseproofBacon said:
Except not really.

The energy consumption to play a game for an hour or two cannot be compared to that of a mining rig running 24/7.

Gaming is a form of recreation. It easily can entertain, relax, unwind,(rage). Recreational activities are quite useful for just about everybody who is not an automaton.

Can't say the same thing for mining.
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ahhh come on, I find Crypto mining very entertaining, thought provoking and rig building very productive. Snatching video cards away from gamers can be fun too. Plus way more folks play more than a hour or two - come on - you are not a gamer than. I play longer than that. In fact I mine while gaming - that is doing even more productive stuff than just gaming. Kidding aside, the argument about wastefulness can be applied to many things - freedom allows us to be wasteful in a number of ways including getting wasted by drinking beer. Which some would surely swear is productive.
 
noko said:
ahhh come on, I find Crypto mining very entertaining, thought provoking and rig building very productive. Snatching video cards away from gamers can be fun too. Plus way more folks play more than a hour or two - come on - you are not a gamer than. I play longer than that. In fact I mine while gaming - that is doing even more productive stuff than just gaming. Kidding aside, the argument about wastefulness can be applied to many things - freedom allows us to be wasteful in a number of ways including getting wasted by drinking beer. Which some would surely swear is productive.
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We will never see eye to eye on this, so I'll just have to say I will agree to disagree.
 
So mining adds nothing nor advances the community... Right...

Maybe only from the POV of gamers.
 
HorseproofBacon said:
We will never see eye to eye on this, so I'll just have to say I will agree to disagree.
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You may in time. I also believe in freedom of choice, ownership etc. and right to pursue things/experiments that others may not like, then again I would fight for those same rights for you.
 
noko said:
You may in time. I also believe in freedom of choice, ownership etc. and right to pursue things/experiments that others may not like, then again I would fight for those same rights for you.
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Your response is level headed and reasonable, I will admit it does give me reason to consider and ponder your words.

It's not that I'm against people making a buck, it's that when it directly affects me in a negative way that I have a problem, which is natural for anybody.
 
Crypto is a new age pyramid scheme for startup companies.
The blockchain is here to stay but these companies will come and go....fast.
 
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HorseproofBacon said:
Your response is level headed and reasonable, I will admit it does give me reason to consider and ponder your words.

It's not that I'm against people making a buck, it's that when it directly affects me in a negative way that I have a problem, which is natural for anybody.
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I hear you, you can also turn that around and make it an advantage. Keep it simple and experiment a little. I also would warn where there is much money - the scammers will be close behind. Their are some very legitimate ideas that some are panning out. Being skeptical, mindful, watchful is also wise as well. I rather be talking with someone who will not just fall over then the ones bowing down thinking it is the second coming. I fully expect most coins will fail not because they are bad, well some are but just no room for all of them and the best of the best will need to come through.
 
noko said:
I hear you, you can also turn that around and make it an advantage. Keep it simple and experiment a little. I also would warn where there is much money - the scammers will be close behind. Their are some very legitimate ideas that some are panning out. Being skeptical, mindful, watchful is also wise as well. I rather be talking with someone who will not just fall over then the ones bowing down thinking it is the second coming. I fully expect most coins will fail not because they are bad, well some are but just no room for all of them and the best of the best will need to come through.
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Truth.

The people that buy into the coin first are looking to steal your money. Plan and simple.
The Alt Coin market is a mine field of pyramid schemes. First ones in and out make the most money.

Don't be fooled by big names investing early. When the coin reaches it's predetermined plateau, they are cashing out.
 
surfhick reborn said:
Thank you for completely understanding what I was posting about. The guy who quoted me made a really good post. I thought it was informative. The post HE quoted had a slightly different meaning and was over looking the fact that mining only cards still means more cards.
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Hey, sorry for being snarky. It just felt like every five posts or so, someone would drop in to explain the first day of microeconomics, seemingly without reading the thread. But still, not cool on my part.
 
WorldExclusive said:
Truth.

The people that buy into the coin first are looking to steal your money. Plan and simple.
The Alt Coin market is a mine field of pyramid schemes. First ones in and out make the most money.

Don't be fooled by big names investing early. When the coin reaches it's predetermined plateau, they are cashing out.
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Which means there will be a long road ahead. At some point the clearing will begin. What is funny is there are coins where the developer are actively restricting price increases, to stabilize it while it grows. Of course ETN may be gobbled up by all uncouthly coins.
 
HorseproofBacon said:
You are correct. Mining literally adds nothing to society and is parasitic in nature. Even a fast food worker at least contributes something to society.
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It added $544 Billion to someone's bottom line, as shown on coinmarketcap.com. I think that can account for something. Fine to have a different opinion, except there are probably lots of people who had to struggle in this not so nice or fair world that have made a good living in crypto. I personally have had lots of problems with outsourcing and corporations that only care about the quarterly profits, and crypto has been quite good to me.
 
vertices said:
I fully understand the points being made, and I don't agree. I generally don't automatically assume that someone who disagrees with my point of view is ignorant, but to each their own.
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No, you obviously don't. If they wan't to cash in on this, great, but don't claim you care about gamers while doing so. You can't have it both ways. Own it and run with it, don't be dishonest and pay for articles that spread your lies.
 
Nothing unusual here, people complain when it's something they care about, until then it's just fair game. We club seals for fancy coats, and give grandma cancer to have cheaper gas or coal, the list goes on, but oh noes, crypto raises the prices on my gaming rig, that crosses the line lol.

It sucks, but that's life, the tragedy of the commons is a human flaw we usually celebrate under greed based systems.
 
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Wierdo said:
Nothing unusual here, people complain when it's something they care about, until then it's just fair game. We club seals for fancy coats, give grandma cancer to have cheaper gas or coal, the list goes on, but oh noes, crypto raises the prices on my gaming rig, that crosses the line lol.
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Free market capitalism is great compared to other economic systems in many ways but not without flaws. Human greed can corrupt anything, particularly a system that tends to promote human greed as a good thing.
 
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