It all comes CRASHING down!
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- เผยแพร่เมื่อ 3 ต.ค. 2024
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Welp. Good thing I'm not investment savvy and didn't have crypto anyways
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Linus says it's a long story why he doesn't have control of the investment account anymore but I think the phrase "my meme stocks" is probably a pretty good summary of what happened
linus*
An amused and appalled Torvalds replied, "I'm staying out of the whole craziness with crypto and NFTs. Those people are cuckoo!"
Linus Torvalds - 2021
Autocorrect has betrayed me
for people like him, and me, and my wife, etf´s will mostlikely be the best and cheapest option. something broad liks msc europe/world/us/na something
There's the average joe that got convinced to invest into crypto, those are the ones we should feel sad for. Then there are the influencers doing rug pulls to their audiences with shady projects, for those... good riddance.
@@cat-le1hf ok bud did you finish your homework ?
That bot was only good for showing that my comment was censored
@@cat-le1hf just invest in Bitcoin, I started buying at $800, I will keep buying
@@cat-le1hf one requirement for a currency is to be stable cant have it crash every other month
And the ones mass buying graphics cards. Those morons you definitely shouldn't be sympathetic for
"To be fair, they are developers, they'll find other jobs" 🤣🤣🤣 savagely true.
In all honesty, if a developer is working for a Crypto company, they know what they are getting into. Startup company failure is pretty common. I don't think the developers are surprised about the company failing.
yeah and as said in the video, I don't think they will have issues finding a new job, I think it's mostly the marketing and community management people that might be in trouble since it's harder to find a job in that
As someone in management for the past 5 years working in crypto, the demande for devs is INSANE. It's literally ridiculous. Even during the bear market, growth in building is still growing like crazy
I got made redundant at a previous job.
I then went for a job interview and accepted another job before the redundancy paperwork could be signed.
I was sitting at a new desk at a new company, less than 24 hours after all the goodbye handshakes.
Yeah. That's how easy it is for us developers at the moment. Or even good DevOps/Ops people.
damn lucky.
“Avocados are not GPUs”
This needs to be a shirt.
As a software developer, LinkedIn is like inverted Tinder: geeky neckbeards ignoring messages from hot girl tech-recruiters.
that's what i said! , it's literally the reverse of en.wikipedia.org/wiki/But_Can_She_Type , (but i thought they were only hot in our country) i still remember when i got an email from linkedin where some of those girl's profile pics had them with drinks in a bar, and it's almost seemed like it was from a shady pickup site spamming me.
when you say that out loud you're pegged as mysognistic ..
(only i don't have a beard, i hate that so much)
In the immortal words of Steve Ballmer - "DEVELOPERS DEVELOPERS DEVELOPERS"
2:43 "To be fair they are developers. They will find other jobs". Linus's face lmao. It might sound like a bitter statement, but Luke is right. They will definitely find other jobs and probably very easily.
Thanks I appreciate::👆
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yeah my thoughts go for CM or marketing people, those usually require you to be very knowledgeable on what you're talking about so for people specialized in crypto it might be hell to find a new job
As a software developer -- 100% true. Don't bother crying over us losing jobs, in current market conditions we're gonna find one in a month.
The nice thing about the current era of PCs (say last 5-10 years) is that you really can get a lot out of them. I mean as a general office/home/web PC, even Sandy Bridge is still fine. So even if they do end up going up in price compared to the recent history, you will still get money out of them. A current 8 core ryzen with a $500 6700XT and 32GB of RAM will be a viable computer for 10 years, easy. Those $4000 PCs from 1990 were obsolete and worth like 20% in 2 years. It was a brutal time to own a computer.
I was going to argue with that, until I realised I was typing on a Thinkpad X220 from 2011. Damn thing just will not die.
And taking your old computer, wiping it, and getting it ready for a relative is no longer giving them crap, it's giving them something that's probably better than what they could get in Be$t Buy
@@allenellisdewitt im currently upgrading my PC in segments... That will leave an i5 4460 with a GTX 970 for my daughter... Good enough for her for at least a few years 🙂 and i bought it back in 2014...
Yeah it was a time that computer tech was growing up and developing in insane rhythms. Your PC was obsolete very very fast.
Btw i am basically avoiding the need to pay crazy for GPU by simply having an HD screen. I think people underestimate how higher than 1080p resolutions increase the need for more power.
In an HD screen even 720p doesn't look that bad while it will horrible in a 4K screen.
My humble 1650 does just fine playing games in 1080p.
@@SIPEROTH 1080p is the only res i game at, it is not worth going above because it costs too much the UI scales poorly and it just has too many cons, my xbox is the only 4k gaming device I own.
Im ok with investing in crypto and idle mining to earn your gpu back but dang am i happy the huge scale miners are getting screwed over because they bought so many gpus only for mining.
be happy for nothing, not many people got "Screwed over" .... a single 3080 payed for itself in under a year.. and the power to run my house for that year. Id call that a net win.
@@crisnmaryfam7344 did you read the comment or nah
@@fwble_3888 his point was even large scale miners made off with massive bags and now their gpu reselling is a last paycheck for a lot of them
Now, imagine being a government-connected organization trying to hire a developer right now. By law, in most places, that hiring process can take weeks or MONTHS depending on different factors. My University has been trying to fill the same position for over two years, but no developer that is qualified for the position remains in the job market that long.
Not only that but also as someone who works for a university right now I can say with confidence that the rate that a university or a government position can offer pales in comparison with what they can get from private companies right now.
I imagine they would do what has happened with me, got an opportunity part time as a student and then a short full time contract while they try to get the paperwork for full hiring for the former students
That's also how it went for me.
@@U1TR4F0RCE Except that was already being done so much, they have cracked down HARD on it, it's almost impossible now. F'ing goverment penny pinching for that one.
I've been retired as a software engineer for ten years and I get hit up by recruiters all of the time
Lucky
@@Neoxon619 How? It's so easy to get a job right now as a SWE
Me either
My main disagreement to Linus's take about GPU prices is that the only thing that drives new GPU prices down is competition. Totally ignoring the used market here. Nvidia wants the prices as high as they can get away with, AMD are done playing underdog games and want those premium prices too, stockholders want gains and all of them have "inflation" to hide behind. Prices are decided by suits and they want their investments back as quickly as possible so they start reaping profits. The consumers are charged for platform developments, marketing and logistics and these are never deducted from the price till its time to make old hardware look like good value again then back at it. I know its not a serious take but people are getting shafted constantly and the opportunity costs for the things we want are too damn expensive.
That antminer story makes sense. I mean, why would you sell something that is about like a money printer and you are the only one who can make one. Of course they do that.
It makes sense to sell it if they want the money right now, maybe to reinvest into production, rather than receiving that money over a few years. They also might not necessarily have cheap electricity like other miners do, which is the main factor behind mining profitability. Also being a miner means they're exposed to the price fluctuations of bitcoin (which they already are but to a lesser degree).
just got a new software dev job this week, I have never had some many offers and counter counter offers. Luke is not wrong
I agree with Linus - the assumption that each new generation of technology goes down in price is not a given. Also, developments are slowing down as we reach up against the limits of physics for transistor density and clock speeds (can't pack more transistors in once they become only a few atoms wide), and as each generation of technology has a longer lifecycle, the prices will go up.
That will have value if Nvidia needed like a $1500 to make the card they sell you for $2000 or $500 for the card they sell you $700. But they don't.
They make the card they ask you $2000 for around $200.
So no they simply figured that there are plenty willing to pay high prices and they are taking advantage of it. Of course if those willing to pay $2000 didn't exists am not saying Nvidia will be making 3090 cards. They wouldn't. They would have stop with a 3080 as their top model and maybe have one more lower model etc. They will be trying to make money by selling more quantity in lower segments than getting 100% profit from selling lower quantities of higher end chips.
@@SIPEROTH Yes, that's how every product in a marketplace is priced. You've just discovered high school economics. You're not contradicting his point at all.
@@TessHKM Yes i am. His comment is assuming things are getting harder by techonoly gains getting less and that is why the prices are rising. Basically saying nVindia now needs more effort and cost to make graphic cards and therefore they raise the price due to increase cost but that is not the case.
The price is raised because of attemp in constant increase profitability.
When nVidia was selling the top GeForce 3 they were just putting a price 25% over cost, now they are trying to make 100% and 200% profit on many cards.
It has nothing to do with high school economics and your comment is the one that is of topic by just trying to be smart-ass.
I'm going to argue about GPU prices in a different way. Price hikes make sense, because GPUs are taking over more tasks than just rendering graphics. The way compute is being moved into GPUs, now GPUs are simply general purpose parallel execution engines rivaling or beating CPUs in more general purpose tasks than ever. With the way AI is taking over everything, and the way in which GPUs accelerate AI, a GPU is nowadays just another CPU. CPUs cost 1k... having GPUs that cost that much kinda makes sense. They do provide the value. I mean, if you're going to just use them to game on... ok... but they *can* do other stuff.
perhaps SoC's really are the future of personal computing
Millionaire says 1k isn't much money :P
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You can get a RTX 3080 now for $800. It will go even lower sooner probably
"To be clear: I'm not enjoying watching other people lose money"-Linus
You might not be but I sure as hell am, miners can go lose all their fucking money as far as I care.
woah bro not the coal miners 😔😔
Yea, why bully coal miners
For the editor machines you could have done another drive with Linux and nice hash and when they left the pc would turn off and Arduino or something would select the Linux from boot menu and run nice hash and then just turn off / restart to Windows before they came
Edit: you could detect if your in the boot menu by the beeps that motherboards do when they enter it
nicehash doesn't run on linux
@@c.j.hatton IIRC you have to install a whole nicehash distro of linux,but there's no standalone nicehash that you can just install on your regular linux. This commenter suggested using a separate drive and operating system so that part would probably work.
He got busted running nicehash on his home pc when jake and him tested gaming on the projector in the theater room, and before that on his office pc at work when Anthony did a video on it. Lmfao. Hes not disclosing everything.
With this economy Linus, graphics cards being lower priced means nothing anymore.
Nobody's gonna be able to afford building a PC for years.
Yup. Unless you pick up the hardware over time.
@bruh You're right but that's lame...
@@thetechrealist considering I'm still on skylake. Anything right now is a upgrade.
Yes this. People don't realize how fucked we are. The great depression and 70s crash was nothing compared to what's coming
I bought my 5700XT for 400€. I'm gonna keep it for a while longer.
Around 1994 I worked part-time at a local computer shop and I had been considering buying a computer. A reasonable system - at that point, that was a 486DX-33 with 4 MB of RAM, a 80-100 MB hard drive, video card, 14" .28 dot pitch monitor, and Windows - was around $2000 Canadian (around 1600 USD back then if I remember right). And this pricing was similar with our competitors as well. This wasn't a "gaming computer", just something that would be competent for general daily tasks. The pricing I remember specifically was a decent monitor being around $300 and RAM was around $50 per megabyte. If you were spending 3k or more on a machine, you had a specific use case for something more powerful, like a potent gaming rig :) Some quick Googling suggests that C$1000 in 1994 is worth about C$1680 now, so that $2000 machine should be roughly $3360. The video card, though, I remember not being expensive - under $150 would get you something quite serviceable, which would be about $250ish today.
I don't think GPU's were a thing in 1994. Just some accelerators at best but the CPU still made a lot of work so is no wonder they were considered nothing great.
@@SIPEROTH Graphics cards did exist back then so I guess it depends on what you consider the dividing line. It was highly uncommon to see a motherboard with graphics output (eg a VGA connection) built into it, and in those cases there was usually a dedicated graphics chip on the motherboard.
I don't know for sure, but I'm pretty sure there's a bubble in software developer salaries...
there's plenty of us getting paid way too much doing things that don't actually create real value. Lots of silly VC money in the system, lots of people working on process automation and when that bubble finally pops and everyone and their dog has learned to code... Going to be a crazy time - hope you're using your fat checks to pay off property quickly and not burning it on BS.
I think it depends on the region/company, I agree that many are way too high and they seem ready to explode anytime, but some look organic (for example small startups with big profits).
There’s a difference between “knowing how to write code” and being a competent developer.
Most of the employees are customer support. I have friends working for Crypto com and when they opened the branch in my country, they offered big salaries compared to other customer service jobs and bought up the market. They had 800+ positions to fill and after they got a lot of people, fired the ones that are bad at the job. Also heard stories of complete incompetence regarding the management that happen every week. These companies aren't that professional as you think. They just have a lot of money.
Senior developers will be fine, but getting your first 3 years of experience is one helluva challenge - everyone wants a ninja! ^^
But all they'll get is a non-ja
"Bad Take Linus" - One of Linus' many personas.
"$1200 for a gpu is not that high"
My $140 Dell shitbox rendering this video: 😶😶😶
I'm enjoying watching everyone who told me to buy in at whatever cost losing their money, but I'm not vindicative enough to point out to their face that they might well have turned out to be the greatest fool in the chain.
.... a single 3080 payed for itself in under a year.. and the power to run my house for that year. Id call that a net win. Not to mention profits investing on the side.
@@crisnmaryfam7344 His not talking about crypto dude.
Welp, yeah, developers can find other jobs, but the matter is, many companies focus more on the technologies and experience instead of the candidate's problem solving skills and their motivation when it comes to learning new technologies on the fly
Yeah, I hate it, but at the same time it's a red flag for us, we're better off not working for those. Got ghosted by a company, it was a low salary and looked like a bad work culture. Now working in a company I actually like, with a much higher salary (almost three times the amount), as a junior. I feel like that first company did me a favor in retrospect, even though it wasn't nice for my self esteem at the time.
The winter is just part of it, if you stay in and dca you'll be fine . Granted just make sure you're holding good projects.
Yessir!
“I think it [the demand for software developers] I’d a bit understated”
Idk every time I tell people that my degree is in computer science the first thing I hear is “wow there’s a lot of money there” and “they’re in high demand”
I'm still invested in tulip bulbs and South sea company stock
YES to scrapyard wars. Pleaseeeee.
the jackets look so cool lmao, is only i wasn't in Arizona
Being from Africa, I think getting a job as a software developer is a bit harder and takes longer for us, I've been job searching for 6 months now since my last job
Bless you, hope you find a job soon!
Can we just say it outright? You dont need the top tier $3000 Desktop. Most people could definitely get by with mid level hardware and just upgrade over time
"GPU prices aren't that high" yeah Linus you're rich, you don't have to worry about GPU prices
He looks at MSRP, performance , and other cards prices you tard
1000 dollar GPU's are not expensive, especially when you compare them to computers in the 90's / early 2000's. My parents spent over 2000 dollars for a DELL OEM preloaded with windows XP, adjusted for inflation you do math mates, it's more than a gaming PC equipped with a 3090.
>If you don't want to do the math I'll do it for you: 2590 dollars adjusted for inflation from the year 2000 would equal 4400 USD today. Both a lot of money then and now.
It might be time to dust off that degree in business software development. 😂
I think Linus misses a significant point. If GPU prices are so high I can literally buy more than one console just for the price of the GPU and then probably also just keep my old PC instead and spending the money on an additional computer, this would be a reasonable option even for a PC gamer like me. And so they would hurt themself because if PC gaming comes at this much premium the next generation will not play PC. Universities are expensive enough (and I am not even talking about fees I live in Germany not the US)
@@SpartanArmy117 Yes. I did not say otherwise. But thats part of the point. It already was more expensive. But this was premium that could be satisfied since you could also use it for other things which you couldn't do with a console. I already had to argue about the premium of having a PC instead of a console years before and could happily satisfy it for myself. But if I have to pay over a thousand dollar for a graphics card alone and probably yet another tousand for the rest to match, while I could have bought a Steamdeck, an Xbox and a decent Laptop and probably still have money left, this is getting really hard to satisfy.
@@SpartanArmy117 Did you watch the video? I am not talking about the current situation, I am talking about Linus take on how he thinks future cards will be priced by AMD and Nvidia and why I think he is probably wrong
they can do whatever tf they want im never buying a gpu at these ridiculous prices no matter how much money i have i will never buy one.
Okay, but fr… channel superfun scrapyard war… would be epic af.
Linus's logic was way off when he called GPU'S cheap.
Comparing several decades ago to now in regards to technology pricing is irrelevant to the question because cheap or expensive is determined by what people can afford now.
The average consumer can't afford a high end system. Thus it's expensive. The logic is as simple as it gets.
And the thing is, an american $1200, is wayyy more in all other countries
But Linus was just joking about it
Also inflation, not just recently, is gonna make the price higher than it was back then.
It's honestly pleasing to me to see the crypto crash hard. It's just wasting electricity and gobbling up all the gpus to create nothing of real value. It's just not sustainable. Hopefully the crash will make some of those suckers get a real job instead of just being a burden on society and making it worse for everyone
When I heard quadriga cx I audibly said oooooooooooooo
background paneling looking a little rough these days lol
I loved the early 2000s; windows 2000 had unlimited licenses. That time between AMD Athlon XP/Athlon 64 the hardest decision you had to make was socket 754 or 939. Tech TV was on the air Kevin Rose & Leo Lapaporte were still on the Screen Savers. What a time to be a pc builder
8:19 Please don't give me hope.
Tulips bulb craze. At least there was a real item in that crash.
Jokes on you “tweets are not financial advice” is the most cryptobro thing you can say
Scrapyard Wars yes! XD
PLEASE DO SCRAP YARD WARS!!!!!
$1,200 is a lot of money for someone who makes $600 a week on a 40 hour paycheck and hasn't gotten a raise in two years that has other expenses like rent, utilities, and food.
There's a netflix documentary about quadrigacx and it's pretty good
At this point everything is up. Consumer prices and corporate profits. In the late 90s if you built a mid-range gaming PC would cost you 500-750 dollars. OEMs used to rip people off because plug and play wasn’t a thing and building a computer required actual skill.
@2:43 Should be plenty opening at Amazon based on your other videos!
I’ve been looking for a development job for years & barely anyone has given me even an interview.
Then you're not applying around enough or trying to connect with people. Everyone I know, including myself, got a job right out of college
@@dhkatz_ I’ve already had my résumé looked over by three separate people and updated accordingly. In this entire time, I’ve only gotten two interviews. For reference, I apply to around 5 to 7 jobs a day.
The price of computing increasing is not comparable to the nineties, mainly because of the reliance on computing. While the cost of a 3090 isn’t going to affect most people, computing is so deeply embedded into every part of civilisation, who knows what even a tiny price increase could affect! I think there is a case to be made that if we break our reliance on fossil fuel, we move directly from an oil based economy to a transistor based economy, where instead of the price of everything being linked to a barrel of crude, it would be linked to the cost per transistor!
Luke is right when he says they're devs so them losing their jobs doesn't matter. The number of people recruiting me I get with barely 4 years of experience when I'm not even looking is insane. Unless they're bad devs, but in that case just get good.
I was able to score a 3080 for my brother on the used market for $400! Tested it thoroughly before I bought it, came straight out of the guy's system, and its been working flawlessly ever since.
I think a GPU costing about double what a similar tier CPU costs is reasonable. Considering a ballin' spec CPU is around $600 (12900K, 5950X) and the more reasonable step down from there is around $400 (12700K, not as familiar with AMD), I can wrap my head around a 3090Ti being priced somewhere near $1200 and a 3080Ti being priced somewhere near $800. That'll put the 3090 around $1000, the 3080 around $700, the 3070Ti around $600, the 3070 about $525, the 3060Ti around $450, the 3060 around $375, the 3050Ti around $300 if it existed in a desktop card, and the 3050 around $250.
Based on the prices of the 700 series when I built my first computer nearly a decade ago, GPU pricing shifted up one price bracket if it followed these prices. I think that is very reasonable. Heres to hoping
Norway still over 900$ used:/
U had me at “another scrap yard wars?”
The thing about ASIC vendors mining on their own supply is not "alleged". Maybe with AntMiner specifically, we don't know for certain, but there's other mining hardware vendors that have been caught doing the same thing. Hell, Butterfly Labs mined on *pre-sale revenue* and only shipped units *people had already paid for* once they were already unprofitable to operate.
The reason why this happens is pretty simple: there's no reason *not* to. The reason why you can buy silicon from Intel, Nvidia or AMD and use it to make money is that all the businesses that actually make money using their product have dramatically different cost structures and knowledge requirements that make vertical dis-integration a good idea. Mining doesn't work this way: the game of mining is zero-sum; and the value is entirely how many hashes you can push through per second. There's no particular reason why I would be able to operate AntMiner silicon more efficiently than AntMiner themselves, so there's zero value in selling the hardware to me. All they can do is sell me stuff that's already used up.
I remember seeing a post a while back of an NFT themed restaurant no longer accepting cryptocurrency...
I remember when my friends parents bought a plasma TV for $12000
14:54 sadly the cost per tranistor has gone up since 28nm so id be very hesitant to expect prices to keep falling as they had been 10 years ago.
all i got from this is .....potential for SCRAPYARD WARSSSSSS
Yes Linus, you are right about PC's of the past, however, Tech is supposed to come down in price over time as manufacturing processes improve and thus drop cost of products. (Thank you Luke!). Also, I remember buying top end GPU's for $500 or less, new.
crypto crashing gives me life
so what comes after crypto
@@erc8311 More crypto.
@@NDKfrl god please no
I started with around $800 in crypto, down to about $180. It is what it is, at this point i'm just going to hodl till 0 or a massive spike. Most likely it will either go to 0, or just be worth next to nothing for decades. Oh well, if i sold any i'd get screwed on taxes (the form to file for ANY crypto sales, or purchasing stuff with it, are horrible. I was negative on my trading last year, still had to file it legally which was a headache, so no more selling unless i'm going to make a huge profit). But all stocks are down too, i have savings in nasdaq-based stocks that have lost over 20% value since i got them, but that will eventually go back up. Government won't let stocks stay low forever, would cost politicians too much of their own money.
You know, it’s really a shame that all thatGPU power used in crypto mining has just gone to heat calculating useless arbitrary difficult to calculate numbers, and not something useful. Too bad it wasn’t like a ‘research coin’ where you get money for participating in research projects and simulations. Who knows what problems we could have solved with that much power.
You dont technically lose until you exit your position. (○´･д･)ﾉ
HODL!!
My youtube ad for this video was about the volatility of market cycles. lul.
Canada computers is still charging over msrp
In terms of silicon per $ CPUs are actually worse than GPUs right now. Example:
A 12900k costs about $580 and is ~215mm² or about 0.37 mm²/$.
3090s seem to start at $1500 right now and its GA102 die is ~628 (!!!) mm² or about 0.42 mm²/$ (ignoring that those $1500 include RAM and all the other bits needed to make a complete graphics card).
Everybody's darling the GK102 on a 1080 Ti is 471 mm². TU102 on a 2080 Ti is insanely large at 754 mm². Not saying that Nvidia doesn't make any money selling their hardware, but GPUs have grown to absolutely gigantic sizes in recent years. At the same time, as Linus said, manufacturing has gotten extremely expensive. From 28 to 7nm the price per wafer at TSMC has more than tripled. It's supposed to double again going to 5 nm. A GTX 680 may have been $500 at launch, but its GK104 was also only 294 mm² large.
i wish i could structure notes as well as Nick.
FINALLY, all those fuckers buying out all the gpus are starting to lose their investments. Excellent news.
cry
After paying off all those gpu. Even if they sell the gpu at 0 still profit
Most made their money back AND you'll GIVE them more money for their used GPUs.
@@johns.1898 Where? If they didn't sell they're probably at 0 profit or lost. The only ones that got away in the crash were the whales
I totally agree. The tech in 40 series is leaps and bounds above that in the 10 series. The 10 series is still out there, and still worth $400 at the high end. So I agree that the 30, 40 series should be priced higher.
the multiple thousdands of dollars was pricing for early adopters, you dont go telling people a tv should be 10k because 4k tv's used to cost that much.
Same here, I had two bitcoins, long long time ago. Mined with my laptop, so yea, long ago. Wasn't worth anything, till it got to a couple bucks. Bought a pizza with one bitcoin, other got stolen. The pizza was nice though.
I'm super happy about GPU prices dropping... I've been stuck on a 1080 8gb for a longggggggg time after upgrading from my first budget setup 950 2gb, and the lower prices make it almost feasible for me to jump into the current generation of cards lol
Put it this way, I bought a 3060Ti just after release when prices were still crazy in Australia for $1100AUD. Right now you can buy a 3080 for $1200AUD. The same 3060Ti is now $749AUD. Prices have dropped dramatically and it's so good to see. I knew I was getting robbed when I bought my GPU, but I really needed one, and I had extra cash to play with.
I sold a 1080ti about a month before 3000 launch hoping to snag one and up until two weeks ago I was stuck on a reference Galax 980, ended up going for a 6950XT
cheap computer stuff in mid 2000s was because the tech crash after 9/11. Companies had trouble selling much of anything non-essential because people were scared, big tech companies were laying off massive amounts of employees, and they had to drop prices to get the sales going. For example, intel lost 20% of it's revenue between 2000 and 2001, and 2002 was barely higher than 2001. Took them a few years to get the revenue back up, and that was just revenue, not profit. AMD had an over 30% hit from 2001 to 2002. So while we enjoyed lower prices, i don't think we want to go through what we had to go through then just to save some money. Intel laid off over 10,000 employees between '01 and '02, and other computer companies had to do similar.
Yesssss dooooo another scrap yard wars !!!!!
I'm waiting for it 👍🏼👍🏼👍🏼
Bitcoin stagnated at 20k. When people don't understand is that crypto cannot die at this point. There are COUNTRIES putting in money. Even the smallest country has more money than like 80% of the people that are putting money into crypto right now.
Not everyone fired/ejected from Coinbase is a developer.
Bro I saw the Netflix doc about quacidra
13:10 i think we are missing the fact that production costs have gone down and profit margins up, like, it yeah shit costed a trillion dollars because it was also expensive for them to make, the companies making them worked for less profit than today, by all accounts (if we weren't obsesed with constant growth) they should be even cheaper, that's the same excuse they always use for pushing augmenting the price of AAA games
Linus being super out of touch is just Linus being Linus, dude lost his value of money compass long time ago
"$1000 is not a lot of money for a GPU " - Man who can afford to spend $10k on light switches
And it hurts inside
You gotta take a stand
It don’t help to hide
If you hurt my friends
Then you hurt my pride
I gotta lend a hand
It don’t help to hide
I am a real American
I fight for the rights of every man
I am a real American
And fight for what’s right
Fight for your life
There's more crypto job openings now than during the bull market, this is the time where the protocols do the most actual development.
Nice
here in greece a 3070 is still between 650-750 euros.....
Millionaire Linus with the 1200 isn’t expensive.
I feel bad for the non tech people who invested, for the miners, scammers, scalpers and everyone else i couldent care less
how you guys seen the article about full plastic processors, no silicon, wonder what you think( id put a link but my google feed ate it)
Probably too late to get response, but would like to see you build a PC with minning GPU's and check the performance issues.
"INFLATION"
it is so hard to hear when someone's spouse, parent, relative, etc throws out all of someone's meme stocks. like, dude, those are collectors' items. they'll be worth something someday.
No, they’ll be worth nothing when they go bankrupt. There is no such thing as holding a stock as a “collectors item”
Delusionalb
@@azurite2926 yeah, it is delusional. It is a joke about crypto bros. I'm glad you got it.
Re coinbase number of staff: not surprised. My own employer has thousands of employees, including 4 figure numbers of devs, but "it's just a website for doing that simple thing!" But you still see people online arguing that if they just got something like 20 devs they could make something better in a couple months. :P Oh sweet summer child...
Well, sure, but... It takes a lot of people to run it and improve it and stay competitive. Just keeping the A/B testing infrastructure working...
If coinbase happens to have their on CS instead of outsourcing (like we used to do until recently), then it makes even more sense.
unlike you Linus, I AM enjoying seeing these crypto bros loose their money. I spent more than $200 on a 1050ti, I deserve this