He's not taking into account price inflation over the long term. If BTC ever cracks a million USD, he'll really regret not squeezing every last bit of hashrate he can now.
That is not as true as it sounds at first glance. For example, a statement like "blacks are more violent and less educated than whites" is factually accurate, but frames the situation in a definitely racist way if you just leave it at that because without elaboration, it makes it sound like a fact of nature.
This is the problem with "facts and statistics can't be racist". No, technically they can't be, but if your conclusion you're drawing is that certain ethnicities are just genetically more criminal, you're handling the facts in a racist (and very incorrect) way (not implying in any way that you think like that).
No. It is exactly as true as it sounds.
The conclusions one draws from facts are whatever they are. But the facts themselves are not racist, and it is not racist to say things that are factually correct. Ever. Full stop.
Also it’s ok to be white. Saying that it’s ok to be white is not racist.
Given that stating facts without full context is the norm, attributing one specific case to racism seems hard to justify.
For a red delicious apples to granny smith apples comparison, look at the treatment of, framing of, and treatment of framing of crime facts based on race verses crime stats based on sex.
In theory, the discussed comment doesn't claim his race is superior, just stating that in China people are underpaid.
For sure he is projecting stereotypes, but that's not racism, it's a different thing.
Even the legal definition doesn't seem to make that comment fit:
"the term "racial discrimination" shall mean any distinction, exclusion, restriction, or preference based on race, colour, descent, or national or ethnic origin that has the purpose or effect of nullifying or impairing the recognition, enjoyment or exercise, on an equal footing, of human rights and fundamental freedoms in the political, economic, social, cultural or any other field of public life."
... in this case, it's a sarcastic quip based on an exaggerated truth.
that would have been a losing deal to get into, and it assumed the machine was mining 24/7 without issue. I tried mining with my existing card, but it spent a substantial amount of time building the DAG, and it really wasnt worth turning my PC into a space heater.
between more people mining and hashes getting harder, the price of the coin is not as much of a factor in whether its worth mining.
Million-USD transactions already occur in BTC all the time.
https://www.google.no/amp/amp.timeinc.net/fortune/2017/11/25...
That cryptocurrencies are not currently considered to be money by the world economic order, it goes into a much broader range of financial assets like stocks and bonds. The S&P 500 market size reached 19.6 trillion USD in 2016
Bitcoin has a lot of room to grow before it even comes close to playing in that league. Everybody on HN should be buying crypto right now, the upside is that huge.
USD is backed by "the full faith and credit of the US government". BTC is backed by the Internet and meme magic.