[Dylan16807]

That's the short term. In the longer term it leads to more asic capacity.

It's possible that without Bitcoin production in the many years leading up to 2020 the supply crunch would have been worse.

Also remember that a huge chunk was based on GPUs and those don't mine Bitcoin, they mine other things.

[Moneyyyyy]

Those Asics basically have been made and will be thrown in the trash.

And the only thing they ever did was guessing a hash.

Our economy needs enough chips without demand from Bitcoin. The only thing this did was making it more expensive for everyone.

[Dylan16807]

Do you not think supply and demand applies to building chip fabs, or something? And economies of scale?

I'm serious when I say that if there was less asic demand in 2015 and 2018, no matter what the asics were for, that might have reduced the asic capacity in 2021 enough to make the problems we had even worse.

[Moneyyyyy]

"might".

Fabs (especially the ones who can build the chips we talk about) are not build on a crypto hype and also not build short-term.

[Dylan16807]

The worry about whether it's stable enough is valid but bitcoin asics are long term.