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[return to "Is AI the next crypto? Insights from HN comments"]
1. bamazi+Ye[view] [source] 2023-11-08 18:41:40
>>kcorbi+(OP)
The major difference between the 2 is how they're being adopted by customers and the tangible value they return.

AI/ML barrier to entry is far simpler and vastly user friendly compared to crypto. Instant value return or gratification from ML products (GTPs and rest) is far more mainstream friendly.

Another view is the "loss" factor. Nobody, thus far, has has had their funds stolen or lost using ML products. I understand content creators and those who, unwillingly, contributed knowledge to learning systems did get circumvented but i'm talking about users/customers. Compare that to the negative stigma of crypto frauds and stereotypical association to illegal transactions.

Apples vs. rotten oranges in my opinion!

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2. hipade+Th[view] [source] 2023-11-08 18:52:02
>>bamazi+Ye
GPTs have had immediate tangible benefits without needing to spend an hour preaching or explaining things.

Crypto's sole usefulness remains in providing money transfers/liquidity in parts of the world where the local systems are failing or off-limits to the users.

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3. kenjac+yq[view] [source] 2023-11-08 19:26:52
>>hipade+Th
Crypto's main value to a LOT of people is purely speculation that you could be rich by buying it cheap and then watching the value explode. No one expected DogeCoin to provide any utility at all, but tons of people bought it.
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4. immibi+Pk1[view] [source] 2023-11-09 00:07:56
>>kenjac+yq
That's wrong - crypto's main value is buying and selling illegal goods and services on the internet.

Its secondary value is buying and selling legal goods and services on the internet without having to deal with credit card companies, but only for techbros.

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5. mrb+6n1[view] [source] 2023-11-09 00:24:51
>>immibi+Pk1
"main value is buying and selling illegal goods and services"

Nah. Far more people use crypto for speculation than for actually illicit purposes.

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6. dartos+Hs1[view] [source] 2023-11-09 01:08:34
>>mrb+6n1
I don’t think you could possibly know that.
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7. 1ark+ru1[view] [source] 2023-11-09 01:23:38
>>dartos+Hs1
I think you could probe into some truth about it by looking at the volumes being traded on exchanges and how much are in the exchange's wallets.
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8. immibi+wH1[view] [source] 2023-11-09 02:52:58
>>1ark+ru1
But that's true about fiat money, too. Far more fiat money gets traded on exchanges in a single day, than circulates the rest of the whole world's economy in a year. But I think you'd agree fiat money derives its value from the way you can go down to the corner store and buy stuff, not from the fact it's traded on exchanges, right?
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