It’s arguably worse, since it seems to be more pervasive than crypto and NFTs were at their peak.
Crypto never really hit the mainstream, and even NFTs were still fringe. Whereas AI and AI accelerators are packed into basically every new phone and (Intel) processor.
Regulatory hurdles kept crypto out of most mainstream products. There are no such barriers for AI, and any that are put up may come too late.
There are also more possible mainstream use cases for AI - if the technology works as promised. That’s the biggest for AI currently, and some products like the Humane Pin are already tripping over it.
I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
I am in full agreement with your view on privacy, but I don’t think that cryptocurrency is a solution. People far more eloquent than I have already fully described why elsewhere, so I’d just like to thank you for your civil response.
I fully agree, I just think the solution is cash. Use cash for normal payments. Buy a house with 20s even. Ok maybe not that, but for groceries or when you would use Venmo yeah do it
Yes, but evading LEOs is good and buying drugs online in a free and open marketplace is my sacred, moral and god-given right than no glowie should infringe upon
I fully agree. I just also think crypto is terrible for that use case. If you’d be caught for using Venmo for drugs they can catch you using crypto. It might be harder, but that whole public immutable ledger means all they have to do is tie accounts to names. Which coincidentally you need to do to cash out or cash in.
Which coincidentally you need to do to cash out or cash in.
Yes, and no. You do need to cash in at some point, but you don’t have to do it thru a public exchange. People do sell physical wallets for hard cash. And even if you do use an exchange, when I last looked into crypto the common currency for drugs (monero) was obtainable on exchanges that didn’t have KYC rules. Outside of exchanges, you can also transmit currency directly to other parties, and once you use tumblers and other anonymous platforms, tracking becomes extremely difficult. It’s not impossible, but it becomes troublesome enough that unless you’re a big fish/crime lord/whatever, the FBI/interpol/whoever isn’t going to be bothered wasting resources.
Horrifying privacy implications aside, AI has really become the new cryptocurrency.
Don’t get me wrong, both technologies are interesting, but it’s tiring to see both be forced into applications that functioned just fine without them.
It’s arguably worse, since it seems to be more pervasive than crypto and NFTs were at their peak.
Crypto never really hit the mainstream, and even NFTs were still fringe. Whereas AI and AI accelerators are packed into basically every new phone and (Intel) processor.
Regulatory hurdles kept crypto out of most mainstream products. There are no such barriers for AI, and any that are put up may come too late.
There are also more possible mainstream use cases for AI - if the technology works as promised. That’s the biggest for AI currently, and some products like the Humane Pin are already tripping over it.
But what about my Web 3.0 AI cryptocurrency in the metaverse?
“An app that lets you make nfts from images created by a camera in the metaverse”
Isn’t that already a thing? That surely has to be a thing already.
Probably already got rugpulled.
Written in rust.
AI what?
AI has uses that aren’t about covering your tracks or evading law enforcement. Edit: bring on the downvotes, cryptobros.
I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
I am in full agreement with your view on privacy, but I don’t think that cryptocurrency is a solution. People far more eloquent than I have already fully described why elsewhere, so I’d just like to thank you for your civil response.
I fully agree, I just think the solution is cash. Use cash for normal payments. Buy a house with 20s even. Ok maybe not that, but for groceries or when you would use Venmo yeah do it
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Yes, but evading LEOs is good and buying drugs online in a free and open marketplace is my sacred, moral and god-given right than no glowie should infringe upon
I fully agree. I just also think crypto is terrible for that use case. If you’d be caught for using Venmo for drugs they can catch you using crypto. It might be harder, but that whole public immutable ledger means all they have to do is tie accounts to names. Which coincidentally you need to do to cash out or cash in.
Yes, and no. You do need to cash in at some point, but you don’t have to do it thru a public exchange. People do sell physical wallets for hard cash. And even if you do use an exchange, when I last looked into crypto the common currency for drugs (monero) was obtainable on exchanges that didn’t have KYC rules. Outside of exchanges, you can also transmit currency directly to other parties, and once you use tumblers and other anonymous platforms, tracking becomes extremely difficult. It’s not impossible, but it becomes troublesome enough that unless you’re a big fish/crime lord/whatever, the FBI/interpol/whoever isn’t going to be bothered wasting resources.