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Pretty happy yes ! Will be even better once all those Tether and Binance folks get prosecuted. I'm not really excited about the latest AI hype though... It loo

Pretty happy yes ! Will be even better once all those Tether and Binance folks get prosecuted. I'm not really excited about the latest AI hype though... It looks very similar to crypto promises to me.

brucethemoose2 3y ago
Its different but also exactly the same. There is senseless hype and tons of straight up fraud, but at the same time some of the underlying developments are legitimately ground shaking. And there is no "if everyone adopts this it will work" catch... AI needs no public hype to keep any momentum because the economic advantages it provides are already big, and rapidly getting bigger. Every time I check github and huggingface, I have to overhaul my LLM/diffusion setups because they are suddenly obsolete. And no one is inviting me into any pyramid scheme.
superkuh 3y ago
People could not understand the concepts behind cryptocurrency. People cannot understand the idea behind generative algorithms or large language models. The same type of scams will work and get the lions share of the public attention while the actual users of the technology go unnoticed.
RestlessMind 3y ago
>Will be even better once all those Tether and Binance folks get prosecuted. Don't hold your breath for that. From Tether exec: https://twitter.com/paoloardoino/status/1658809623535669250 https://twitter.com/paoloardoino/status/1658809623535669250 Stablecoins have profited immensely from rising interest rates. See Coinbase' latest earnings report for another instance.
- TheAlchemist 3y ago
  I agree for rising interest rates, however I don't believe anything Tether exec - btw, come on, he's the 'IT guy' - real execs are hiding for like 10 years already. Their books and what they pretend to be invested in, have been proven false several times. Remember first time they published their attestation ? Numbers didn't add up at all - according to their numbers they were like top 10 US commercial paper holders - almost Berkshire Hathaway size. Except, you can't be anonymous trading that, so traders know who they trade with. And guess what ? It turned out that no commercial paper trading desk in the US heard of Tether. FTX numbers were bullshit. Tether is 10x worse.

brucethemoose2 3y ago

Its different but also exactly the same. There is senseless hype and tons of straight up fraud, but at the same time some of the underlying developments are legitimately ground shaking. And there is no "if everyone adopts this it will work" catch... AI needs no public hype to keep any momentum because the economic advantages it provides are already big, and rapidly getting bigger. Every time I check github and huggingface, I have to overhaul my LLM/diffusion setups because they are suddenly obsolete. And no one is inviting me into any pyramid scheme.

superkuh 3y ago

People could not understand the concepts behind cryptocurrency. People cannot understand the idea behind generative algorithms or large language models. The same type of scams will work and get the lions share of the public attention while the actual users of the technology go unnoticed.

RestlessMind 3y ago

>Will be even better once all those Tether and Binance folks get prosecuted. Don't hold your breath for that. From Tether exec: https://twitter.com/paoloardoino/status/1658809623535669250 https://twitter.com/paoloardoino/status/1658809623535669250 Stablecoins have profited immensely from rising interest rates. See Coinbase' latest earnings report for another instance.

TheAlchemist 3y ago
I agree for rising interest rates, however I don't believe anything Tether exec - btw, come on, he's the 'IT guy' - real execs are hiding for like 10 years already. Their books and what they pretend to be invested in, have been proven false several times. Remember first time they published their attestation ? Numbers didn't add up at all - according to their numbers they were like top 10 US commercial paper holders - almost Berkshire Hathaway size. Except, you can't be anonymous trading that, so traders know who they trade with. And guess what ? It turned out that no commercial paper trading desk in the US heard of Tether. FTX numbers were bullshit. Tether is 10x worse.