> Railway mania was enormously profitable for Britain, although many railroad st... | Hacker News

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		my_first_acct on Jan 15, 2018 \| parent \| context \| favorite \| on: Collective hallucination and inefficient markets: ... > Railway mania was enormously profitable for Britain, although many railroad stockholders did not do as well. You could say the same about the investors who funded the city-to-city fiber network in the US in the 1990s. In both cases, the investors left us with a legacy of useful infrastructure. I'm trying to figure out what legacy the cryptocurrency boom will leave us. Buildings full of rapidly obsolescing ASICs and GPUs in remote corners of the world?

QAPereo on Jan 15, 2018 | [–]

Cynically? A bunch of entropy.

Optimistically? One of the newly minted millionaires will go on to do something great, like the people who built the fiber net.

Realistically? Who knows...

skgoa on Jan 15, 2018 | [–]

They seem to have strengthened (maybe even reinvigorated) AMD singificantly during an otherwise financially very uncertain time.

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