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Not to be too cheeky here but paying with what? Cryptocurrencies are mostly hot potatoes everyone is throwing back and forth and occasionally dropping to catast
by npunt 3y ago
Not 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
- jejeyyy77 3y agoIMO the value is in the globally distributed, battle-tested secure/resilient payment network.
- kubiton 3y agoIt's not. The trust issue is real, china's great firewall is real and the crack down of sec is also real. And without anyone exchanging your bitcoins no one cares. And I'm comparison to our fiat a ton of critical features are missing like money laundering.
- npunt 3y agoWhat you describe is price, not value. Things may be priced high but have little value, such as in cases of asset speculation. Things can be priced low but have great value, such as the value of human relationships, knowledge, etc. I think being able to spot where these diverge is really important to understanding the world and where we should spend our limited time on it.
- DonHopkins 3y agoOr scammed them from other suckers.