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Nvidia CTO

Claims Cryptocurrencies are Useless: AI Chatbots a Better Use of Processing Power

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Cryptocurrencies

Such as Bitcoin, were initially designed to operate as a decentralized, secure, and private means of conducting transactions.

Furthermore, blockchain, the underlying technology behind cryptocurrencies, has potential applications far beyond the realm of finance.

have indeed transformed the financial industry, enabling faster and more efficient transactions across borders.

Cryptocurrencies

supply chain management, and secure data sharing are just a few examples of how blockchain technology can revolutionize various industries.

Smart contracts

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By limiting access to its hardware for cryptocurrency mining, Nvidia is potentially stifling innovation and contributing to the centralization of mining/validator power, which runs counter to the core principles of cryptocurrencies.

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