LocalMonero just shot down. And it was a p2p XMR marketplace. Right now there's no sensible way to trade XMR to FIAT easily without your government knowing.
If the US really squeezes those cryptos they will die promptly.
XMR -> other crypto -> fiat. Send your Monero around a few wallets and the government will know you have Monero but not the origin. There are probably alternatives to LocalMonero WIP
true, which it fails at anyway against a sufficiently determined actor . The FBI and other agencies seem to have no problem finding the original source of funds
To be fair, it doesn't look like he was far off on crypto.
Of course being able to call that doesn't at all automatically translate into also being right about AI.
There's lots of people that have successfully predicted one particular bubble, but all of their other predictions have completely failed to materialize (to say nothing of all the wrong ones they made before striking gold). That's just how selection/survivorship bias works.
In this particular case, I actually suspect that both things can be true at the same time: We're in the middle of an AI hype bubble and >90% of current startups will not survive the next 3 years, but AI will still profoundly change the way we work.
There's even a nice historical analogy: We once had the dot com bubble, in which lots of people lost lots of money, but ultimately, the Internet did turn out to be kind of a big deal. It's just hard to go from that general bet on vibes to one that identifies actual companies that are going to bring about all of that.
I think you're right, but I don't think "AI" as we see it today is really the thing we should be looking at when we come out of this bubble. What's really exciting is that we're building an enormous parallel computing infrastructure that's going to revolutionize scientific computing. We're already seeing some glimmers of this stuff like with what deepmind did with protein folding. Once the charletans die off I hope we see a massive acceleration in research in all kinds of fields.
That said, I do think that LLMs, while not the "final form of AI" by any means, are already somewhat of a revolution in human-machine interfaces. Being able to look up facts (or make up convincing lies) is neat, but to me, their real power lies in how good they are in summarizing and translating.
Remember when Siri and Google Assistant were having a very hard time understanding even the simplest commands if they weren't formulated in the exact way they understood, and the "aboutness" problem seemed unsurmountable without AGI?
Now we're suddenly way past that (without any AGI). Even if AI completely plateaus out with LLMs at their present-day strength, I think we could spend years, if not decades, of getting good at meaningfully integrating them into previously very manual workflows. Even an "AI winter" of that shape feels significantly more disruptive than many of the more optimistic crypto scenarios.
> we're building an enormous parallel computing infrastructure that's going to revolutionize scientific computing
We're doing an absolute shit job of it and basing our foundations on piles of sand. We're gonna have to throw it all away and do it right the second time if we ever decide to do something useful.
I don’t think that matters. Out of the Dotcom rubble, we got a lot of useful ideas for tools even though the actual tools all got thrown away. It was the ideas and the “hey, look at what is possible” that survived i.e. Linux came of age properly and now the world runs on it.
AI will quickly pollute itself, but the infrastructure will survive. That most of it will be thrown away is perfectly ok, the ideas will live on.
I'm not sure I agree with that and I'm one of the biggest ai pessimists here. The gpus getting created to do this shit aren't just gonna get thrown out (maybe sold in a fire sale), and they're pretty general purpose. Tons of science needs massive compute.
author here. the key insight is that (a) the AI promotional nonsense is the same as crypto (b) the VCs are literally the same guys who just bombed out on Web3.
AI is not as blitheringly useless as crypto - ML is real and does things! - but those guys are zeroing in on the applications that really are that useless.
Also, the AI guys are making the same excuses for their ghastly power usage that the coiners used to.
Compare the last two S. Altman interviews on the Lex Fridman Podcast. Dude already got lawyers breathing down his neck not to make unsubstantiated claims. I guess, they can't deliver, and the suspicion of fraud is in the air.
Really? You can't think of one single practical use for a non-centrally controlled system for sending -basically money- to others without gatekeepers being able to effortlessly interfere or debase? You completely dismiss the very real cases (all bubble hype uses and scams aside) of people using crypto to escape the worst parts of certain countries horrible inept, corrupt banking and financial systems?
If you flatly deny that any of these uses cases do exist and could become larger, I'd argue that you're speaking from ideological blindness against crypto instead of from a reasoned, thoughtful notion of its problems.
I've only ever heard of one use that wasn't speculative, promotional, astro-turfing, or just a straight up scam. That one use was an anonymous online marketplace to buy and sell illegal drugs.
If that's the only example you can think of, then you know next to shit about the crypto landscape besides whatever spoon fed your own emotional bias, and shouldn't consider your opinion to be worth a damn.
Further examples, since you're apparently too lazy to even do a google search:
There are many more outside the privileged bubble of reliable financial services that many tech people on this site live in. Even if there weren't, the existence of a mechanism for sending others money without easy blocking by arbitrary gatekeepers is an innately valuable thing in an increasingly controlled society.
The personal attack on me is unwarranted, rude, and wrong. I don't know a whole lot about crypto because it's not central to my life, and the things I do know about crypto (for example, that it's lousy with scams) haven't inspired much interest to learn more. That deserves a correction, not sloppy insults.
Maybe you thought I was someone else who deserved it more?
I appreciate you being willing to go find actual material to cite, though. That's valuable.
I have yet to see a comment with a sarcastic "something bad" in it that provides an actual argument.
By the way, what positive effect has crypto had so far? Other than redistributing between some people and wasting enormous amounts of energy?
Personally I use AI all the time, but hallucinations are a problem, data is always a problem in all of machine learning, and it's always good to stay away from the cult-like behavior of people who can find absolutely nothing wrong with new technology.
i’ve been using it (with a stt->prompt->response->tts loop) for chinese practice and it is very good. being able to say “role play a market” and drop into it and switch mid sentence between languages when i get stuck and it just works it out and helps is amazing. i still think a human tutor is required for foundations but gpt is very helpful for practice.
Or maybe it is simply a group of people who love jodos vision for dune. the idea of a film as a guiding prophet, visions of a flowing creative universe. and we want to play with that.
so we raised a bunch of funds and bought a cool book. now we are making an animation. we've been discussing ideas like sending funds to the makers of Jodorowskys Dune documentary which didnt even break even, as a way of thanking them too.
y'know, playing in the way we were taught, as hackers, as kids who grew up on the internet. To go out and do things, make things. hang out with our friends.
but hn would rather take a few snippets, call us all scammers and frauds, and hate on us.
but whatever.. we're gonna keep having fun ¯\_ (ツ)_/¯
I think playing with money systems, ideas of value etc is interesting. The average contribution was about $50 - so like a kickstarter for a fan club.
and no, the plan is not to burn the book. there is an ongoing joke by a few people in the dao. but they do not represent the majority and the aims of the dao explicitly are to do with the preservation and protection of the book. so thats not going to happen.
but people arent actually interested in conversation here. hn hates crypto. we get it. people hating something they arent a part of and dont understand. But we are still going to have fun and make things, and the good vibes win in the end.
