After watching the digital coin market make a mess of gaming, now comes along Facebook with their Libra digital coin.
A few years ago when digital coins were in the peak of the bubble from 1017 to 2018, video cards were brought up by the thousands and prices rose considerably.
Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States. He said: “The size of Facebook’s network means it could be, essentially, immediately systemically important.” This introduces a who new dynamic of systemic risk.
The problem with Libra along with the rest of the digital coin segment, they are a waste of electricity and have long term adverse effects on the gaming community.
Around the world many criticised Facebook for the move. China has taken many steps to crack down after many thefts of electricity were discovered. China has also closed several exchanges. This is how lawless digital coins have become.
On eBay AMD Polaris cards are now very inexpensive. nVidia Pascal cards have also been pouring into the market. These cards are now 3 years old but they are still excellent choices for gaming.
With many abandoning digital coins the bubble has slowed considerably. Widely reported thefts from exchanges have scared many away.
Still after the Libra announcement it seems to have breathed more like into Bitcoin etc. Last January, BTC was around $4,000 but it has recovered to over $10,000 lately.
Avoidance is the best solution, stick to gaming which does not cause the mess digital coins have created. Easy come easy go. Games are still playable.