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[return to "Is AI the next crypto? Insights from HN comments"]
1. Closi+g8[view] [source] 2023-11-08 18:14:47
>>kcorbi+(OP)
Interesting analysis. Suprised HN is so negative towards AI (and that the positive:negative ratio to AI is about the same as it was for Crypto a few years ago!)

The obvious difference is that AI has abundant use-cases, while Crypto only has tenuous ones.

Maybe there is added negativity considering it is a technology where there is clearly a potential threat to jobs on a personal level (e.g. lift operators were very negative towards automatic lifts).

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2. mdgrec+Sd[view] [source] 2023-11-08 18:37:04
>>Closi+g8
I feel like the value of crypto going up is backed by solid economics. There is only ever going to be so much of it so losing your money to inflation isn't a risk. People die and don't tell anyone their keys, people forget their keys so we're constantly losing crypto too, w/ currency this is taken into account and print new dollars not w/ crypto. I also think it reflects a general sentiment here in the states and probably China too that we're barreling toward a fucked up never world and crypto is some kind of safe guard against that. In times of uncertainty people turn this gold, this is very much a digital gold.
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3. acdha+9g[view] [source] 2023-11-08 18:45:01
>>mdgrec+Sd
> There is only ever going to be so much of it so losing your money to inflation isn't a risk.

This comment feels like it’s 2013 and there hasn’t been a decade of people creating thousands of other tokens and forks, or realizing that high volatility in liquidity or exchange rates is more of a problem than the levels of currency inflation we commonly see (the price increases we’ve seen for the last couple years are most of the inflation we’ve seen and that practice would be unaffected).

It especially misses the understanding that deflation is much worse for anyone who isn’t already rich. The model that anyone who bought a decade ago deserves to be fabulously rich is … unlikely to be popular with the rest of the world.

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