Comment on Silicon Valley is buzzing about this new idea: AI compute as compensation
ParlimentOfDoom@piefed.zip 1 week agoSort of. It was more of a crypto token and the competitor was buying them all up so they could control over 50% and effectively break Pied Piper’s system.
givesomefucks@lemmy.world 1 week ago
It’s been a minute, but I thought the tokens represented compute time
But then they realized people valued the idea of compute time more than the compute time.
So it became similar to crypto, where it was just used as a currency.
The part about gaining control I thought was something else, where Pied Piper didn’t have 50% of accounts on an app, just a majority. And due to the decentralized nature of their software, whoever had the majority controlled the code. So the Chinese and Gavin set up a zombie network of bot phones to gain 50% in a hostile takeover once the boys were switched from independent accounts to an organization.
But like I said, it’s been a minute and sometimes I’m wrong.
But I think they were two separate iterations of what the company was at the time