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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)

submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world

349 comments fedilink hide all child comments

As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] stealin@lemmy.world 12 points 1 year ago* (last edited 1 year ago) (1 children)

Whatever man, used electricity will become valuable someday, I just know it.

[–] Freesoftwareenjoyer@lemmy.world 3 points 1 year ago (2 children)

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.

[–] zouden@lemmy.world 4 points 1 year ago (1 children)

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

[–] Freesoftwareenjoyer@lemmy.world 0 points 1 year ago (1 children)

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.

[–] primalanimist@lemmy.today 3 points 1 year ago (1 children)

I could go to the local ATM and buy Bitcoin anonymously right now So you walk around the city with your face covered, only buy stuff with cash, and never ride in your personally owned vehicle or the vehicle of a friend?

The ATM has a transaction time and your bitcoin transaction record. There are enough cameras in the cities near ATMs (for this very reason) that you can be tracked if the government found you as interesting as you think you might be.

[–] aesthelete@lemmy.world 2 points 1 year ago

This person probably thinks venmo is anonymous too.

You'd be better off going to the ATM and getting cash and then using that cash for your purchase if you wanted to remain anonymous.

Bitcoin keeps a transaction log that's integral to the technology behind it, and is retained longer than fucking Chase Manhattan transaction logs.

[–] FlyingSquid@lemmy.world 2 points 1 year ago (1 children)

That's called 'cash.'

[–] Freesoftwareenjoyer@lemmy.world 0 points 1 year ago (1 children)

And for online payments?

[–] FlyingSquid@lemmy.world 2 points 1 year ago (1 children)

Mail cash in an envelope if you're that concerned about it.

[–] tabular@lemmy.world 1 points 1 year ago

I know of only ProtonMail which lets you mail money.