NoiseColor

No. I mean you can get all philosophical and say that everything has value only because that’s a human concept, but thats not really something I would answer to.

Fiat has value because it’s enforced. Because we have institutions that enforce it and because all of our lives are intertwined with it. We buy food with it and we are paid with it. It’s everywhere. It doesn’t make it immune to manipulation and fraud and crime, but we can take legal action because law is also intertwined with the same system.

Crypto is , with a couple of exceptions, a really terrible casino.

Yes.

I think it’s an exaggeration of its crime utility. Normal money is king for crime.

I think most people don’t understand cryptocurrencies. On one side it’s all hyperbolic about being your own bank and financial freedom and new tech, on the other side it’s hyperbolic about how there is no underlying value, it’s all going to 0, scams, drugs, terrorism, money laundering,…

But the fact is that crypto does have an underlying value. It’s gambling. Gambling is a huge industry.

Good article, I couldn’t agree with it more, it’s exactly my experience.

The tech is being developed really fast and that is the main issue when taking about ai. Most ai haters are using the issues we might have today to discredit the while technology which makes no sense to me.

And this issue the article talks about is apparent and whoever solves it will be rich.

However, it’s interesting to think about the issues that come next.