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> speech to text, language translation, recommendation engines, relevancy ranking in search, computer vision You know very well that that's not what GP is refe
by packetlost 3y ago
> speech to text, language translation, recommendation engines, relevancy ranking in search, computer vision
You know very well that that's not what GP is referring to. Speech to text, natural language translation, recommendation, and computer vision are all very useful things, but also were very much real and in consumer hands long before the current hype cycle.
Generative AIs are in their hype cycle. IMO the tech is overhyped to hell and back, but it will still probably yield better results than Crypto, there are legitimate uses for it. But those uses need to be ok with an 80% correct solution, which is not sufficient for all the things LLM hypelords are saying they can be used for and there is no path forward for closing that 20% gap.
- eric_cc 3y agoBitcoin still has the potential to become the worlds reserve currency. That’s pretty legit.
- packetlost 3y agoNo, it really doesn't.
- eric_cc 3y agoIt absolutely does. What leads you to believe that it doesn’t?
- notahacker 3y agoComically low transaction rate, obscenely high power consumption, extreme concentration of BTC holdings in the hands of a small number of people (and companies who have very little influence of global politics), arbitrary growth rate and cap with no correspondence to economic growth, extreme volatility , inconsequentially small use for legal trade, but above all the complete and utter disinterest in it as a reserve currency outside a small echo chamber that has far more BTC to sell than involvement in international trade. Fortnite Bucks, Mt Gox trading cards, skulls of adult humans and guano also "have the potential to become the world's reserve currency", but it seems unreasonable to put the burden on proof on the people arguing that they won't be.
- jamilton 3y agoGovernments and institutions mostly don't like it, that's a pretty big reason.
- eric_cc 3y agoCan’t argue your point on governments. It will be interesting to see how it all plays out when Bitcoin reaches the next leg up.