Author: Tom Gauld
Butt-chugging; AKA Anal Imbibement
Aristocratic Ineptitude
Antisocial Interlocutor
Amiable Incompetence
Aesthetic Impersonator
I really hope some rich people lose a ton of money when the hype settles
Regular people will lose a bunch of jobs in the process, as they try to replace workers with AI. Then as the AI inevitably fucks up, the companies that fix this will start to fail, and no longer be in a position to hire new human employees to fix the problem. So unemployment will go up, and only the large monopolies or oligarchies will be able to recover. So overall, this is going to suck.
It feels exactly that. (Even down to the reliance on massive purchasing of new hardware.) but the effects will be much more widespread, as it won’t just be geographically in some tech areas, since this will touch a bunch of non-tech jobs.
“AI” is the new “blockchain”.
It’s similarly hyped but deep learning has real applications wherever huge amounts of data are involved. The only application to blockchain tech is online crime.
Not really. You can use crypto to make non-criminal transactions too. You sound exactly like EU politicians, “if you have nothing to hide, you have nothing to fear”. Are you saying that you don’t need privacy with your transactions? If privacy is outlawed, only outlaws will have privacy. And it’s the same with crypto.
I definitely like having some money that doesn’t rely on the stability of the government
Theoretically yes. But practically, the whole tech hasn’t reached any noteworthy application at the same age as the Android OS.
The tech is garbage because of its inefficiency and blockchain’s only selling point, trustlessness, is a lie because you have to trust someone eventually to get your tokens - or your notary substitute not to fuck up the code of your smart contract (lol).
This only works for criminals in countries that don’t give a shit if you scam foreigners, like Russia, for example. They know full well who those criminals are though. But that’s fine. Blockchain tech never was meant for privacy (how could it with the ledger being public?)
