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Cake day: July 11th, 2023

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  • WhyJiffie@sh.itjust.workstoAsklemmy@lemmy.mlIs Bitcoin actually worth anything?
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    7 days ago

    I don’t think bitcoin provides much value in itself. Its basically an asset that is hard to make more of, like money or gold, which are also valuable because of this and that gold and specific currencies are relatively widely used.

    bitcoin’s supposed added value over money is private digital transactions across the globe in a private way, so that you can send money whoever you want, but it’s not practically private, and has so large operating costs (even just the transaction fee) that it’s not really better than bank transactions.

    so in short: its value is in its scarcity, and that you can speculate on it. the other possible advantages are not realized.

    since the value is in speculation, the dollar limit is when investors start selling enough of it so that others will do the same out of fear. which is who knows how much. but it’s probably more related to other factors than the dollar value.













  • let me get this straight. you like AI because a model outperformed another? how is that a real argument for any kind of question? the topic was not about whether they evolve.

    that “black and white stance” is not really bad here, because it’s not actually black and white. their stance is against generative AI, not the kind you use for research. and guess what, forums are flooded by gen AI slop, the only kind of AI today that highly affects our forums.