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Collin Dougherty
09cf697694eff496c29e07be8e8f2e10465063cf5bf5e77e02389db1ee9a4451
Cancer Research @UNMC, MS Math @UNO, Formerly Husker Analytics

Want my own algorithm / free speech

Replying to Avatar Tim

Absolute banger of a movie

General summary of that debate is that the dollar is going to 0 and we have to build our own solutions for free speech, strong money, personal safety, future planning etc, government is incompetent

Trying to understand what this awesome paper did, replicate it and expand upon it

Decentralized, open source, blockchain based, privacy preserving health care AI training

https://www.nature.com/articles/s41586-021-03583-3

Replying to Avatar jimmysong

AI vs Bitcoin

The AI hype has been non-stop for the last 2 years ever since ChatGPT came out with its 3.0 chat. Since then, there's been an insane amount of investment into AI tech from every direction. There are hundreds of startups, every tech giant has been making investments and companies in between have been putting a lot of money toward it as well. It's not a small amount, either, as the AI hardware costs make Bitcoin mining look like discount bargains.

Yet after two years, what have we to show for it? Maybe some faster image editing on newer phones? Slightly faster answers to questions you would normally ask Google? Some productivity increase among junior programmers? The investment was enormous, as can clearly be seen in NVIDIA's growth, but the results are pretty underwhelming. As with any hyped technology, the possibilities have run past the actual use.

One of the supposed benefits of fiat money is that capital accumulation is unnecessary to create real value. You can build roads, for example, without having to save up for it. What this misses are many obvious drawbacks, but one of them is that there has to be someone that evaluates whether something will create value and create the money out of thin air to fund the project. This is not just inherently centralizing, but also deeply political.

For whatever reason, AI passed this political test and got the blessing of the money printers, which, to a company that sells, shovels like NVIDIA has been great news. But the drawback is that there's bound to be at least *some* that don't pan out. Maybe some segment of the economy can't use AI profitably, for example. Yet the powers that be, mostly Cantillionaires, have decided that this is worthwhile and have poured insane amounts of money into this bet.

But much like hyped tech of the past, it's looking more and more likely that there's little profit to be made here. Yes, there's some useful things that can be made, but the costs are simply too high right now to justify spending that much. It's a luxury item that mostp people simply don't need, and hence don't want to pay for. AI has become an expensive solution looking for costly problems to solve.

This was always my analysis with another hyped tech: blockchain. It never really made any sense as the cost was too high for what was really just a distributed, very redundant but hard to upgrade database. It, too, couldn't find costly problems to solve, with the exception of one. That, of course being Bitcoin.

What differentiates Bitcoin from AI is that people *need* Bitcoin. It's its own killer app. AI is not so popular that people will pay for what it costs right now. And that means that most of the investment will be wasted. Like most hyped things in a fiat economy, it's doomed to have significant malinvestment.

A lot of people complain about Bitcoin businesses and how hard it is to make them profitable. In a sense, I get it. You want more people to have steady jobs and so on. But in another sense, I think this is the market speaking. You're not going to get paid from Bitcoiners easily and there's no flood of printed money looking for a place to go. At least there won't be once fiat money has run its course. Building a profitable company is hard and so few meet that mark, especially in a new segment as AI has shown.

So in that way, I'm encouraged, because the companies that survive in Bitcoin will have something truly worthwhile. By contrast, the companies that survive in AI will probably be the ones that get subsidized the longest.

Translation: NVIDIA GPU’s are going on sale soon

Yeah, my problem with almost any diet is the pizza cravings 😂🍕

What’s the sexiest lightning app that can be shared with friends who are mere bitcoin dabblers? That’s the demographic that needs to be won over next. The rest of us will use whatever unintuitive/ugly apps we need to

Oof that’s brutal. You could maybe run a light / pruned node without external SSD? But that kinda defeats the purpose of running a node haha

I’m not too sure then with laptop setup, but I’ll let you know if I come across any resources when I get some time to mess around with reconfiguring my node

Thanks for at least confirming that it’s not just me having problems with snap haha

Replying to Avatar hh

You just saved me hours going through the same process haha. Yeah idk what the deal is with the snap install but it’s had some issues that have been frustrating me for a while. Especially trying to set up lightning and dealing with config files. Maybe just operator error on my part

If you’re open to it I think umbrel is super simple. It’s usually the go to recommendation from what I’ve seen, but haven’t yet tried it

I might end up using it, or building from here: https://v2.minibolt.info/

Probably gonna have to nuke the full 760gb unfortunately 😐

Guess my pc will be available in a week again or something haha