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Exactly. People, average everyday people, are using and getting value out of AI right now. Are we to ignore that?
by 2OEH8eoCRo0 3y ago
Exactly. People, average everyday people, are using and getting value out of AI right now. Are we to ignore that?
- distortionfield 3y agoAverage every day people are using and getting value out of crypto right now too. Are we to ignore that?
- kubiton 3y agoI know plenty of crypto involved people and all of them lost money and no one uses it seriously. Not a single avg human I know even tried crypto...
- 2OEH8eoCRo0 3y agoThe people coaxed/tricked into emptying their bank accounts at a bitcoin ATM?
- dragonwriter 3y agoMaybe not those people, but the people doing the tricking are getting value from it.
- kwonkicker 3y agoI what way does an average consumer/user get value from crypto?
- __loam 3y agoCrypto is still one of the best ways to do foreign exchange even if the ecosystem is run by morally bankrupt hucksters.
- charcircuit 3y agoThe ability to transact with people that card processors do not like. The ability to self custody.
- mminer237 3y agoThe average person has no need to transact with people that card processors do not like. The most common scenario where that is the case is people "needing" to pay "Microsoft support".
- jrockway 3y agoYeah. I have to say, I've never needed to give money to someone my bank doesn't want me to give money to. As someone spending money, I don't want guarantees like "this transaction cannot be revoked". I want to revoke transactions sometimes! Thus, crypto is anti-value-add for me. (Some would argue, merchants would charge lower prices if all sales were final. That's probably true! But it would depend on them never making a mistake, and everyone makes mistakes.)
- charcircuit 3y agoExpand card processors to payment processors. There is constantly sites that get unjustly restricted or banned from payment processor like PayPal and Stripe. Even Minecraft, one of the most popular games of all time, had issues with PayPal.
- atrus 3y agoPorn and sexual stuff is always on shaky ground with card processors.
- SwiftyBug 3y agoThe ability to self-custody is not something average, every day people need.
- charcircuit 3y agoThat is like saying insurance is not in not something average, every day people need. If the rare event doesn't happen to you then yes it is a waste of money, but if it does you will be thankful to have it.
- jejeyyy77 3y agosend and receive money globally without any intermediary?
- lern_too_spel 3y agoSo by breaking the law.
- pavlov 3y agoLet's say I want to send money from New York to Rome. How does crypto enable me sending USD and the receiver getting EUR without any intermediaries? You need exchanges to do anything useful in crypto. And as we've seen most recently in the FTX case, all the exchanges are wretched hives of scum and villainy.
- damon_c 3y ago> all the exchanges Not really. There are plenty of decentralized exchanges which are proven, reliable, auditable, generally used by many without issues. see: https://uniswap.org https://uniswap.org https://curve.fi/ https://curve.fi/ https://1inch.io https://1inch.io It's the centralized exchanges, which are more akin to traditional financial institutions whose records are not on a publicly visible blockchain but rather private databases or... apparently spreadsheets... which fall victim to the same issues we have seen in the past in the traditional financial world.
- pavlov 3y agoSo how do I send USD to Uniswap, and how does my friend in Rome get EUR out of 1inch.io? If that's not possible, it's useless for the proposed use case: "send and receive money globally without any intermediary".
- jejeyyy77 3y agoSo how do I send gold to Chase, and how does my friend in Rome get receive a wire transfer in EUR?
- TacticalCoder 3y ago> I what way does an average consumer/user get value from crypto? Look at venezuela and turkey inflation rate these last two years (and the estimates for the coming years). Look at the SNAFU that happened in Iran and banks defaulting and now inflation kicking in. It may be an ultra risky bet (and there are serious opsec risks too) but when your savings are going lose 90% of their value in two years anyway, why not take it? Bitcoin was, after all, created as a gigantic middle finger in response to infinite money printing. The world is big and there are average consumers in countries other than the US or the EU.
- keep_reading 3y agoLook beyond the West for your answer
- zamadatix 3y agoChatGPT has something like 40x the weekly users as Bitcoin. There are other AIs and other Bitcoin, but I'm not sure e.g. Bitcoin (or other crypto used by folks) has the penetration to really be average to use. Crypto has a mostly niche use case at this point, exchanging money when it would be illegal, across borders, or in an area with a failing local currency.
- jejeyyy77 3y agoI'm not taking sides, but are we going to ignore the fact that crypto users are probably more valuable in the sense that they are paying users in a way? A chatGPT user could just be someone who popped onto the website and submitted the chat form.
- npunt 3y agoNot to be too cheeky here but paying with what? Cryptocurrencies are mostly hot potatoes everyone is throwing back and forth and occasionally dropping to catastrophic effect, and don't seem to be tied to actual value add. Meanwhile millions of people pay for tools that are now integrating AI to enhance their value add. Free ChatGPT is just a loss leader for API and paid acct and a way to better train the model.
- jejeyyy77 3y agonot really, crypto has value as determined by the markets. Most people who own crypto exchanged dollars for it.
- kubiton 3y agoTrue but in comparison to every other value crypto is the only one which doesn't have any alternative use. Gold, shares etc. I believe the criticism is correct as the current driver of crypto is either a 'i put that much money in I'm not selling until it increases again' or gambled los. After all the miners want to get paid. But hey binance and others struggle let's see if there is a collapse soon
- networkchad 3y ago[dead]
- epolanski 3y agoThe only value I got out of crypto are the suckers that gave me many many thousands of euros for farming ethereum in 2017 with my RX 580s.
- gotimo 3y agomost of what average every day people got out of crypto was a whole lot of lost money.