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Bitcoin needs less resources than AI, and Bitcoin totally failed its purpose as a currency.

• samrus 1y ago
  Bitcoin not popping is a testament to human delusion. It cant function as a stable store of value becuase theres nothing preventing if from hyperdeflating, and yet people are still buying it. What are they even buying? The deflation based gains? Deflation based on nothing but speculation? It doesnt do anything. Its madness I dont think the GenAI bubble will be as resilient because its not being funded through discretionary expenditure. Its being funded with capital expenditure. If your cousin spent his savings on bitcoin and isnt getting any benefit from it (or even loses it in a drop) thats fine because millenials dont have savings anyway. But if a company spends on AI and doesnt get a positive value prop in a while, they will pivot and pull their money out, because shareholders will get mad
• _aavaa_ 1y ago
  Whether it failed is (unfortunately) beside the point. Number still go up.
  • croes 1y ago
    Prices for artwork also go up, gold goes up and if NFTs would still be a thing they would go up too.
    • postexitus 1y ago
      you mean NFTs popped