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Comment on AI Is Starting to Look Like the Dot Com Bubble

qwertyWarlord@lemmy.world ⁨1⁩ ⁨year⁩ ago

Crypto is 100% a bubble. It’s not an investment so much as a ponzi, sure you can dump money into it and maybe even make money, doesn’t mean it doesn’t collapse on a whim when someone else decides to dip out or the government shuts it down. Its value is exactly that of NFT’s because it’s basically identical, just a string of characters showing “ownership” of something intangible

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stealin@lemmy.world ⁨1⁩ ⁨year⁩ ago
Whatever man used electricity will become valuable someday, I just know it.

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- Freesoftwareenjoyer@lemmy.world ⁨1⁩ ⁨year⁩ ago
  Being able to pay for things anonymously is very valuable to me and to many other people. That’s just one example of what this technology can be used for.
  
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  - zouden@lemmy.world ⁨1⁩ ⁨year⁩ ago
    Bitcoin isn’t anonymous yet it’s the most valuable crypto. Monero is barely used. Most crypto people just want to get rich, they don’t actually care about using it.
    
    100% a bubble
    
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    Freesoftwareenjoyer@lemmy.world ⁨1⁩ ⁨year⁩ ago
    I could go to the local ATM and buy Bitcoin anonymously right now. So, unlike a credit card, it can be used anonymously. Monero is better of course and it doesn’t matter how many people use it. Even if a store doesn’t accept it directly, you can use it to buy gift cards for any store.
    
    I don’t care what most crypto people do, it’s irrelevant, just like the price is irrelevant and doesn’t affect my ability to use this technology.
    
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  - FlyingSquid@lemmy.world ⁨1⁩ ⁨year⁩ ago
    That’s called ‘cash.’
    
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    Freesoftwareenjoyer@lemmy.world ⁨1⁩ ⁨year⁩ ago
    And for online payments?
    
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Patius@lemmy.world ⁨1⁩ ⁨year⁩ ago
It’s not even a ponzi scheme, it’s just a good old fashioned bubble.

It’s digital tulips.

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