zlacker

>>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).

>>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.

>>mdgrec+Sd
> 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.

This is solid economics iff you assume that crypto has a utility for which there is no substitute which does not share the same supply constraint feature, and even then its not solid economics for a current investment unless you also assume that that utility is the entire basis for its current valuation. Because even if it has a nonsubstitutable utility, if that's not the basis of its current value, then the "solid economics" is that there is some price it could reach from which further value drop because of supply (of substitutes) will not erode value, but there is no guarantee of what that level is.

>>dragon+7f
Agreed! It's backed by solid economics if you believe a load of things that aren't backed up by solid economics.