Do cryptocurrencies 'bring anything useful for society'?

The US chip-maker Nvidia has said cryptocurrencies do not "bring anything useful for society" despite the company's powerful processors selling in huge quantities to the sector.

How do cryptocurrencies work?

Most cryptocurrencies exist on decentralized networks using blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

Can cryptocurrencies be regulated?

Regulation can become a key barrier in mass adoption of cryptocurrencies as well, depending on how different governments choose to regulate the technology as well as how different market players interact with the technology. It is the complex interplay of these factors that would dictate whether or not we witness mass adoption of cryptocurrencies.

Are chatbots a better use of processing power than crypto mining?

Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining Alex Hern @alexhern Sun 26 Mar 2023 11.21 EDT The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society” despite the company’s powerful processors selling in huge quantities to the sector.