4 ms·
You're kinda right but it's also kinda right that after a decade+ crypto found like 1.5 useful applications and generative AI is finding some mind blowing produ
by furyofantares 4y ago
You're kinda right but it's also kinda right that after a decade+ crypto found like 1.5 useful applications and generative AI is finding some mind blowing product launch or demo something like once every 8 hours.
- hermitcrab 4y agoWhat were the 1.5 useful application - buying illegal stuff and money laundering?
- cs02rm0 4y agoGetting out of Russia.
- hermitcrab 4y agoGood for you. But it seems that cryto is a zero sum game. Every dollar one person makes, another person loses.
- rkho 4y agoI have some exciting news to share with you about our traditional financial markets.
- unvx-n-banned 4y agoBitcoin is trading at 28k. When the dollar is endlessly printed, all you need to do is not sell your bitcoin and eventually you'll come out ahead. Because the dollar supply is infinite, it is not zero-sum.
- jboy55 4y agoIf bitcoin was the only crypto, maybe, but there is an infinite number of possible crypto coins.
- menzoic 4y agoWhy is that relevant? Anyone can create crap. That doesn't change the tech.
- unvx-n-banned 4y agoBitcoin is smarter than anything you've invented
- sowbug 4y agoAn infinite number of Facebook clones, too.
- unvx-n-banned 4y agoThere's an infinite number of fiat currencies. There's a dozen different precious metals. What's your point?
- jboy55 4y agoThe point is only valid when you are going to make a case for "crypto" on Bitcoin's finite supply.
- codedokode 4y agoThis is an interesting observation. Governments officially support inflation, i.e. stealing your hard earned money (as stealing money seem to be better for economy) and you cannot do anything with it.
- grapesurgeon 4y ago[dead]
- this_user 4y agoThere is also ransomware.
- rcxdude 4y agoThat basically falls under money laundering
- hermitcrab 4y agoEnabling ransomware is 'useful'? To criminals perhaps.
- phonescreen_man 4y agoSteem monsters was great for a time. I think it still exists on the hive network.
- codedokode 4y agoBut in America some of that illegal stuff became legal now.
- everfree 4y agoIt's not a race. One technology can show its value more quickly than another, and one technology can ultimately provide more value to society than another. That doesn't mean that the other technology is useless, just that it developed more slowly and/or ended up having a lesser overall impact. I think it's worth putting into perspective though that machine learning kicked off in the 60s, whereas there wasn't any notable progress on the byzantine generals problem until 2009 (and even the concept of proof-of-work wasn't formalized until 1993). Distributed ledger technology is still relatively young compared to machine learning.
- furyofantares 4y agoI think the comparison is useful to folks trying to wrap their head around the hype; it's natural to ask "is this crypto all over again" and the answer is very clearly no.
- everfree 4y agoIMO since crypto is a newer technology than AI, I think it's more relevant to ask whether crypto is "AI all over again". AI has followed the classic Gartner hype cycle [1]. There was the trigger in the 1960s-90s, the peak of inflated expectations in 2000-2010 with every other company bragging about "AI this" or "machine learning that" while having nothing of any use to show for it, then finally the "slope of enlightenment" from the 2010s-present where AI is actually becoming useful to people in their everyday lives. Crypto may be on the way out - or - it may be following a similar curve on a shifted timeline. For example: Trigger in 2009, peak of inflated expectations 2017 (cryptokitties), trough of disillusionment 2017-2030, slope of enlightenment 2030-2040. [1]: https://en.wikipedia.org/wiki/Gartner_hype_cycle https://en.wikipedia.org/wiki/Gartner_hype_cycle
- echelon 4y agoModern AI is less than ten years old. Digital money is older than crypto. PyTorch: Initial release September 2016; 6 years ago Tensorflow: Initial release November 9, 2015; 7 years ago > In 1983, a research paper titled "Blind Signatures for Untraceable Payments" by David Chaum introduced the idea of digital cash. > The first artificial neural network was invented in 1958 by psychologist Frank Rosenblatt. In the limit, the dates don't really matter. I'd wager both fields have had roughly the same human capital afforded to them - I'd be happy to be shown otherwise. Neural networks really only had a scaling problem to overcome, and most people knew it. What's the technical problem with crypto?
- deleted 4y ago[deleted]
- mrcaosr 4y agowell, gpt told me that crypto usage would most likely keep increasing in the future XD just ask it ;)