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> something that provides high utility for vastly more people We have a really nice mechanism of distributed utility measurement called "prices" which suggests
by wyager 3y ago
> something that provides high utility for vastly more people
We have a really nice mechanism of distributed utility measurement called "prices" which suggests otherwise.
- cloverich 3y agoPrices dont reflect utility they reflect supply and demand. High price can mean high demand, or low supply. Crypto currencies are designed to artificially constrain supply specifically to maintain a stable price because they want to be a currency. AI works in the opposite manner -- its a race to drive demand by providing more utility or lower prices.