Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by FiveSquared on Thursday February 01, 2018 @11:41AM
(#16283249)
That’s true, but however, what if Bitcoin goes on like the Video Game Crash of 1983, the Second AI Winter, etc.
https://en.m.wikipedia.org/wiki/AI_winter https://en.m.wikipedia.org/wiki/Video_game_crash_of_1983
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by JonnyNova on Thursday February 01, 2018 @11:47AM
(#16283291)
Apples to oranges, Bitcoin isn't cryptos as a whole. Future cryptos will absolutely succeed Bitcoin.
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by lloyd-christmas on Thursday February 01, 2018 @11:54AM
(#16283381)
Their comment is based on historical facts, making it apples and oranges. Your speculation has no substance, but is 'absolutely' true? I'm not sure I follow that logic.
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by JonnyNova on Thursday February 01, 2018 @12:00PM
(#16283440)
The apples to oranges is in reference to comparing Bitcoin to the AI's as a whole. AI as a whole survived the winter but a random implementation from 1985 did not. My comment was comparing Bitcoin as an implementation of a cryptocurrency to previous implementations of AI that have generated hype and then became either irrelevant or obsolete.
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by lloyd-christmas on Thursday February 01, 2018 @12:19PM
(#16283649)
Correct me if I'm wrong, but wasn't back-propagation one of the major techniques in the AI of the 80s? It's 90% of mainstream AI today. Activision was one of the major publishers prior to the video game crash. Today it has the largest share of the market. Just because some things fall out of favor doesn't mean all of them do, especially the most popular ones.
There are plenty of reasons why it could never recover. The previous cycles happened with a very different environment and context for bitcoin. This time Bitcoin has just hit mainstream. This cycle will very likely crush the mainstream's faith in Bitcoin to where it will never recover.