Post
Topic
Board Bitcoin Discussion
Re: Nvidia Battles Shareholders in Lawsuit Over Crypto Miner Claims
by
avikz
on 10/12/2019, 04:51:14 UTC
Chip making giant Nvidia has been making its case for why a court should throw out a lawsuit alleging it misled investors over cryptocurrency mining demand for its graphics cards.

https://www.coindesk.com/nvidia-battles-shareholders-in-lawsuit-over-crypto-miner-claims

It's just a greedy bunch of deep-pocket investors invested millions in Nvidia shares to make some quick buck assuming their gaming division is doing just fine! When their assumptions are not met with the reality, they filed a lawsuit to make up the losses! Like one of my fellow community member already pointed out, GPUs are also needed for data science applications - which is not big but still has a market and its growing rapidly!

Thank God, bitcoin doesn't have a centralized authority controlling the network. Otherwise millions of lawsuits would have been filed after the great 2018 crash!