> Because we complain about that, but this crap would be even less beneficial than Bitcoin is.

This is an issue of capital allocation. Enormous amounts of private money have been wasted chasing dreams of monopolizing currency (crypto), monopolizing taxis (Uber/Lyft), and of course monopolizing the food delivery industry. There is little difference between government picking winners and private industry doing it. How many cumulative billions has Uber lost so far? Likely far more than what the Chilean government lost in a futile attempt to develop a domestic model of automobile in the early '70s.

Now even more of that monopoly money is going to be shoveled into consumer AI plays that will continue to waste energy, not to mention pollute the internet further with half-baked 'content' with the stench of Wikipedia and ArtStation all over it.