Agreed about Altman, and once again I am trying to point out the key difference: AI can impose massive negative externalities on billions of people who have nev

Agreed about Altman, and once again I am trying to point out the key difference: AI can impose massive negative externalities on billions of people who have never opted in, whether they like it or not — while even the shittiest of shitcoins in crypto can only lose you what you voluntarily chose to put at risk. For many people that was under $1000, and for even more it was $0. To me that is why I consider AI far more dangerous than cryptocurrnecies of any kind. And smart contracts can do far more than cryptocurrencies… while decentralized byzantine-fault-tolerant networks can do even more. The public fears AI far more than they fear Web3. As for the banks, they couldn’t have exposure to these assets until the ETFs came about, because of laws. And these assets only became interesting because millions of regular people around the world bought into that ecosystem and started using it. The innovation in DeFi was far greater than in regulated FinTech, and without all the arcane needs for interoperability with legacy stuff that still uses fax machines and COBOL. Similarly to how packed switched decentralized VoIP completely eclipsed switchboard operators and legacy telephone networks and trusting the operators like Ma Bell! The costs dropped nearlh overnight to zero and the quality increased, while decades of government antitrust couldn’t achieve anything close to that!