If you still think crypto and AI are nonsense, then I guess you will carry these beliefs the rest of your life, but these beliefs won't outlive you, as they have no relation to reality.

I said AI has utility but drives irrational levels of investment. Crypto has little utility besides a place to gamble, con credulous people and otherwise act as a really shitty store of wealth.

Most modern crypto projects barely bother to promise to do anything useful let alone achieve anything useful, which the overwhelming majority do not.

These aren't beliefs but statements of fact.

That's very uncharitable. Crypto has been extremely useful for all sorts of grifters and enabled separating fools from their money at true web scale.

Indeed, it would be difficult for Iran to receive payment for passage through the straight or Hormuz without crypto or fir North Korea's ransomwwre economy to be so lucrative.

You're speaking complete nonsense, considering there is no evidence of anyone having paid Iran in crypto. Iran had been receiving payments in the Chinese currency.

Your knowledge and understanding of things is so limited and wrong that it's dumb even to discuss it with you. I will however serve the public interest by correcting some of your gross misinformation. Crypto encompasses stablecoins, commodity tokens, also countless other tokens representing stocks, and it facilitates immediate and permissionless transfer of funds, all of which go well above and beyond being a store of wealth.

Who is investing in NFTs today?

Who is building their company using permission-less blockchain as the database? The average person still uses a bank checking account, not replacing it with a crypto account.

I haven’t heard of any progress on tokens in the Governance direction.

Stablecoins without a public audit trail have so far stayed relevant, but there are several which are suspiciously reminiscent of the mistakes that SBF made.

We all see the transfer of funds and the ostensible store of wealth when it comes to buying influence or presidential pardons. Those of us not wearing crypto-colored glasses don’t see the promise that VCs sold us on the industry 5-10 years ago.

I never spoke about NFTs nor do I have to speak about them, not today and not ever, so save your bait. It's in the same way that you didn't speak about bank bailouts, so I won't bait you into it.

Most people obviously use multiple accounts of different types. Those who have crypto wallets will never reveal them to you in the interest of their privacy.

Stablecoin firms make so much cash via interest that they're easily over-capitalized.

If you're foolish enough to be manipulated by VC interests, that's your own fault. I would focus on the tech, not on what VCs want you to believe. This applies generally, irrespective of the sector. I don't know why this is hard to understand.

NFTs are stupid. But I have a feeling as governments default on their debt and economies collapse in the next few decades cryptocurrencies will be of increasing importance.

Cryptocurrencies are now useless, considering how openai and similar companies have enough compute to highjack them and the AI thing might not work out at all…

I want the drugs you’re on :D

Thanks for your deep and clearly thought out reply.

That's 100% nonsense.

Thanks for putting the time to articulate why the AI GPUs cannot possibly be used to fork the blockchain and obtain the majority.

Because they're needed to run AI. Newer hardware is increasingly specialized for AI too. Moreover, if funds start disappearing, the price will crash, negating the point.

They're raising the prices for AI, so demand will inevitably lower, freeing up capacity.

You're speaking out of your a$$. AI demand is booming; it will keep booming ~10x more every year, so ~1000x more in three years.

If the prices are booming, it's to have a more sustainable pricing model.

> it will keep booming ~10x more every year, so ~1000x more in three years

LOL. That's some absurd interpolation.

(1) Capability is not the same as action. Every police officer in my city COULD murder me with their department issued gun at pretty much any time, but they haven’t. There are multiple reasons why, not the least of which is that _actions have consequences_. Worrying about that scenario is futile.

(2) The major cryptocurrencies aren’t as vulnerable to a malicious majority as you seem to think. All of the BTC ATMs, PoS providers, crypto exchanges, etc have strong incentive to ban malicious peers and they can do this soon after they identify the threat. The malicious majority would not be sufficient - they would also have to continually mine their own blocks faster than the rest of the network does.

(3) There would be a forked blockchain but only naive nodes which trust by default would continue with the illegitimate fork. Of the nodes who actually USE the cryptocurrency don’t agree with the malicious majority, it will be difficult to get the coins / tokens out of exchanges.

(4) The duration of any stolen nodes is the duration of the attack. Once the AI GPUs stop the attack and return to responding to LLM prompts, the legitimate blockchain returns to being the longest one, so all of the network returns to trusting the legitimate blockchain fork.

(5) The BTC network is controlled by a protocol agreed to by consensus. If the illegitimate blockchain fork stays longer than the legitimate one, the participants in the market can agree on a protocol change which hardcodes the illegitimate blockchain out of the picture (this happened with the ETH DAO in the early days after a successful double-spend attack).

Ok. Well have fun. Bye.

Those things you listed have lots of utility. Gambling is one of the most lucrative industries to be in.