It's not Donny's money. What will happen is that importers will pass the tariffs onto consumers, as they pretty much have to, then the tariffs will be overturned and the money given back to importers, thus robbing regular people once again and transferring wealth to the capitalists.
Tinidril
joined 2 years ago
Hey, they're just asking questions!
ASICs and GPUs do share significant dependencies in the semiconductor supply chain. Building FABS fast enough to keep up with demand is difficult and resource constrained, both by expertise and high quality materials.
You are wrong about the market value of Bitcoin's impact on the profitability of Bitcoin mining.
https://www.investopedia.com/articles/forex/051115/bitcoin-mining-still-profitable.asp
Another thing to consider is that many coins still use proof of work, and an ASIC designed for one might not work for others. Some miners (especially the most scammy ones) choose the flexibility to switch coins at will. That doesn't change the fact that ASIC now dominates, but GPUs do still have a share, especially for some of the newer scam coins.
Profitability of Bitcoin mining is dependent on the value of Bitcoin, which has more than doubled in the last 12 months. It's true that large scale miners have moved on from GPUs to purpose designed hardware, but GPUs and mining hardware are mutually dependent on a lot of the same limited resources, including FABs.
You are right that crypto doesn't drive the GPU market like it used to in the crypto boom, but I think you are underestimating the lingering impact. I would also not rule out a massive Bitcoin spike driven by actions of the Trump.p administration.
Don't forget the crypto scammers.
It really doesn't matter. The oligarchs that weren't installing Republican fascists were ratfucking the Democratic party. They are as responsible for Trump as anyone. When the whole economy became a scam, it was inevitable that the country would fall to a scam artist.
Tell 'em to come get me when they're ready to endorse Mamdani.
Not really, but close enough.
Charities in particular can have a CEO, and those can certainly be a lot more diverse. Exceptions aside, I do think it's true to varying degrees of all CEOs or really anyone with serious wealth.
I guess I did have to specify "not all CEOs". Yes, from time to time there are going to be exceptions. I don't accept your assertion that it's common, but I'm sure that, on average, the US is worse than most other countries in this regard.
Nobody gets hired as CEO for "leadership capacity" alone. They also have to demonstrate what they will lead the people to do, and that better be something that will make the shareholders money. Bernie Sanders has generational leadership skills, and no board of directors would ever hire him as a CEO, not unless they want the employees walking off with the company.
Another thing I will concede is that I'm talking about public corporations, the kind that are listed on the stock market. Those dynamics don't change much when you leave the US, unless it's a country where the government forces it.
It's kind of pathetic of me, but coming to lemmy I had this idea that maybe it would be like reddit of old, before it went to shit. It was foolish of me to think I could still find quality human beings on the Internet.
I obviously grasp the injustice, but I can't imagine what the basis of a class action would be. If you agree to buy a product for $5 and they supply said product, the courts aren't going to care if their cost for it was $4 or $2. There is no constitutional right to suppliers with low profit margins.