The day of reckoning is approaching fast. May this teach a lesson to my fellow techies that tech billionaires aren’t any better than the other billionaires. I hope there won’t be another cryptoscam after LLMs 🤷♀️
Or, if there’s another one, I hope that it won’t consume massive amounts of energy. If techbros only hurt themselves, I suppose it’s fine.
Crypto and blockchain is tech coming up with a solution that no one asked for. Blockchain is just a database that is (at best!) extremely energy inefficient. Trust comes from the same sources (brand, marketing, advertising, social cues), it being on a blockchain does not magically generate trust.
And crypto’s biggest strength as an uncontrollable and decentralised store of wealth ignore the fact you can only buy and sell it on marketplaces, which control and centralise it, so for nearly everyone involved it’s a pyramid scheme, those at the beginning persuading new people to join to prop up their assets profits
Do you mind if I explain a little more about decentralized ledger technology to help you understand the tech, and correct some of your mistaken understanding?
The day of reckoning is approaching fast. May this teach a lesson to my fellow techies that tech billionaires aren’t any better than the other billionaires. I hope there won’t be another cryptoscam after LLMs 🤷♀️
Or, if there’s another one, I hope that it won’t consume massive amounts of energy. If techbros only hurt themselves, I suppose it’s fine.
Both crypto and LLMs are new, disruptive tech. The chaos around them is expected.
Which cryptoscam are you referring to? Theres hundreds daily lol
Crypto and blockchain is tech coming up with a solution that no one asked for. Blockchain is just a database that is (at best!) extremely energy inefficient. Trust comes from the same sources (brand, marketing, advertising, social cues), it being on a blockchain does not magically generate trust.
And crypto’s biggest strength as an uncontrollable and decentralised store of wealth ignore the fact you can only buy and sell it on marketplaces, which control and centralise it, so for nearly everyone involved it’s a pyramid scheme, those at the beginning persuading new people to join to prop up their assets profits
Do you mind if I explain a little more about decentralized ledger technology to help you understand the tech, and correct some of your mistaken understanding?
How is LLM a cryptoscam?