> Crypto sucks energy and creates no value. It's complete and utter speculative garbage that also destroys the planet.
All of what you said is false.
Stablecoins are not speculative and have value, and you can send money at a low fee, low cost, worldwide to wallets on the same day, right now with far less energy than today's "AI".
> AI has real value.
What do you mean by "AI" specifically? LLMs in data centers?
The value in for this mysterious "AI" or even "AGI" paradise is not even for you. It is actually used against you.
> We can argue about whether the cost is worth the value, whether we're on an exponential improvement curve or not
You understand that the current iteration of "AI" needs tens of gigawatts of energy and hundreds of billions of dollars and wasteful amounts of water which causes electricity prices in certain cities to skyrocket?
The way that it is financed appears to be close to fraudulent with vague "commitments" and mountains of debt that would take almost a trillion dollars in revenue to pay off the data centre build out.
> whether it ends up creating jobs or destroying jobs, but AI is mind blowing science fiction that nobody would have believed you will exist 10 years ago.
Assuming after the data centers will be built (if they ever will be), can you name what are those new jobs that will be created from "AI"?
How much market cap is in stablecoins vs. proof of work crypto? Has Bitcoin gone down and disappeared due to the avabilability of stablecoin?
Bitcoin uses 200TWh (per year) probably pretty similar to all the AI usage today give or take. Certainly if we look at the area under the curve Bitcoin still by far has used more energy (~1000TWh) than AI/LLMs. For what is essentially a scam/pyramid scheme. And this is just Bitcoin. But yes, LLMs are using more and more energy (but also potentially with a larger % of renewable sources).
I mean AI in the colloquial sense. Large language models. It's ridiculous to compare the value produce by Bitcoin (negative- crime, money laundering, funding terrorist regimes, tax evasion etc.) to the value of LLMs.
LLMs enable people who couldn't produce software applications before to do so. This enables new business that didn't exist before. Those business hire people directly (including eventually software engineers) and create indirect jobs. This is no different than the steam engine or the Internet. You're arguing that the Internet took away the jobs of the people working in the post office because letters could now be sent electronically. I don't have a crystal ball but the historical experience teaches us that new jobs do get created and the economy is not a zero sum game. Maybe this will be different and maybe it won't.
All of what you said is false.
Stablecoins are not speculative and have value, and you can send money at a low fee, low cost, worldwide to wallets on the same day, right now with far less energy than today's "AI".
> AI has real value.
What do you mean by "AI" specifically? LLMs in data centers?
The value in for this mysterious "AI" or even "AGI" paradise is not even for you. It is actually used against you.
> We can argue about whether the cost is worth the value, whether we're on an exponential improvement curve or not
You understand that the current iteration of "AI" needs tens of gigawatts of energy and hundreds of billions of dollars and wasteful amounts of water which causes electricity prices in certain cities to skyrocket?
The way that it is financed appears to be close to fraudulent with vague "commitments" and mountains of debt that would take almost a trillion dollars in revenue to pay off the data centre build out.
> whether it ends up creating jobs or destroying jobs, but AI is mind blowing science fiction that nobody would have believed you will exist 10 years ago.
Assuming after the data centers will be built (if they ever will be), can you name what are those new jobs that will be created from "AI"?