Let's compare crypto/AI to earlier US-based tech-finance problems: - I think crypto is similar to Enron, credit default swaps, subprime mortgages etc: these we

Let's compare crypto/AI to earlier US-based tech-finance problems: - I think crypto is similar to Enron, credit default swaps, subprime mortgages etc: these were clearly scams at their inception, and they were run by some of the biggest scumbags in the country. A good independent audit could have nipped most of these problems in the bud. Instead, too many people smeared honest critics as partisan leftists, and these con artists got so large that they threatened the global economy. - AI is (probably) similar to the 90's ecommerce boom: there are a lot of good ideas and clearly there will be a long-term impact to this tech. But any specific investment is extremely high-risk. There are a ton of people selling bullshit and magic beans - OpenAI is by far the most dishonest company in all of Silicon Valley - and it's very easy to bedazzle investors with an impressive tech demo. And it's very easy for a good company selling a good product to get steamrolled by some shitty Windows Copilot thing.