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> I mean, what was the theoretical upper limit on the benefit of cryptocurrency for the world The value of potential bank scams that are otherwise illegal was
by Jensson 3y ago
> I mean, what was the theoretical upper limit on the benefit of cryptocurrency for the world
The value of potential bank scams that are otherwise illegal was enormous to investors though. Lots of people got extremely wealthy thanks to crypto scams. Then when the legal holes were covered crypto was forgotten extremely quickly since the hype was mostly kept alive by scams.
AI doesn't have nearly as lucrative scams, so I doubt you will see the same investor frenzy.
- hnfong 3y ago> AI doesn't have nearly as lucrative scams, so I doubt you will see the same investor frenzy. Maybe you are right about the “frenzy”, but quantitatively speaking the market cap of Big Tech (including and especially nVidia) is probably larger than the crypto scams ever will be. As a comparison the market cap of crypto is apparently less than the cap of nVidia. Share prices of other tech companies like Microsoft are also inflated due to expectations of AI related returns. The “frenzy” may not be as insane but the money is definitely there. Especially with the crypto bubbles bursting the money has to go somewhere, unless you honestly believe they ended up in US treasury bonds or sth