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A comment on Petals: Run 100B+ language models at home bit-torrent style. Parent comment

Re:Petals: Run 100B+ language models at home bit-torrent style by scotty79 on Monday January 02, 2023 @06:10AM (#34216643)
> ... bunch of parasites jump on these tokens to speculate on their price without giving a.. about the underlying utility. This completely screws the price optimum and creates a inflated price bubble, in turn preventing ...

We have exactly the same problem with real life systems like food, raw materials and real estate.

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Re:Petals: Run 100B+ language models at home bit-torrent style by Galanwe on Monday January 02, 2023 @06:16AM (#34216684)
Not quite as much I would say, because crypto tokens are priced based on an over speculation of their potential long term explosion, rather than their more down to earth utility function.This is because their current utility is still to be discovered.

Take the DNS example for instance, this was implemented on Ethereum by "ENS", but the price of ETH/gas at the time made a single ".eth" domain name cost something like $500.

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Re:Petals: Run 100B+ language models at home bit-torrent style by scotty79 on Monday January 02, 2023 @08:55AM (#34217834)
> Not quite as much I would say

Way more in terms of money involved, just slower.

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