this post was submitted on 21 Jan 2024
324 points (97.1% liked)
Technology
59635 readers
3638 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They leaned their strategy pretty hard into mining when that was on the table. They for sure chase trends and alienate their base. Any way to juice near term profits and they will. It's working out for them right now, so surely it will forever.
They got astronomically lucky the crypto boom fed directly into the Ai boom as it ended, otherwise it would have been 2017 all over again.