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And how is that going? Died down? It’s really amusing when I encounter tech savvy individuals who think crypto is hype, little do they realize it’s stronger tha
by alchemist1e9 4y ago
And how is that going? Died down? It’s really amusing when I encounter tech savvy individuals who think crypto is hype, little do they realize it’s stronger than ever and central bankers are becoming increasingly concerned.
- deleted 4y ago[deleted]
- UncleEntity 4y agoConcerned the scams and fraud might bleed over into the real economy.
- alchemist1e9 4y agohttps://www.coindesk.com/policy/2023/03/24/federal-reserve-says-custodias-crypto-focused-business-model-is-inconsistent-with-approval/ https://www.coindesk.com/policy/2023/03/24/federal-reserve-s... I don’t think that’s what they are actually worried about. I would also like to point out that the biggest scams, FTX for example, are simply traditional Ponzi schemes with a crypto front, they have all been executed entirely using regular banking systems and due to the incompetence of those regulators. Bitcoin itself is rock solid and constantly gaining users and influence.
- hammyhavoc 4y agoI invoked the crypto hype cycle, not crypto itself. Don't conflate the two topics of discussion.
- alchemist1e9 4y agoUnderstood. However I’d still argue there is a reason for the hype and I believe that is the case with the GPT LLMs also.