Crypto Has Lost the βBattleβ Against Fiat Currency, BIS Chief Agustin Carstens Says
Excuse me, has the battle started yet, how come one side has already declared victory?
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Artificial intelligence is a technology that enhances efficiency and creates value, while blockchain is a technology that promotes free connection and stores value. Neither being unable to create and hold value nor preserving value without being able to create it are unfavorable outcomes. In general, artificial intelligence is a productivity revolution and blockchain is a revolution in production relationships, and the two are highly complementary.
Inch by inch, the depth remains unseen.
If Google is like individual rooms, then ChatGPT is like a interconnected palace β a vast palace that spans the universe. Just like each room has four doors, when you traverse 240 doors, the possibilities you touch are not much different from the number of atoms in the whole universe β this is more than just a palace.
Google can only take you to rooms that have names, to what is known as the "unknown known." On the other hand, ChatGPT allows you to move from one room to another, and your final destination could be a completely uncharted territory, the "unknown unknown."
A search on Google is a one-time, standalone query for information, whereas ChatGPT is designed for conversational interaction and can keep track of the context from one turn of the conversation to the next. This allows for a more natural and personal experience, as you can ask follow-up questions and build upon previous interactions. That's a very subtle yet significant difference.
On the one hand, it is foreseeable that AI will eliminate a large number of basic jobs, but on the other hand, AI can also be seen as a powerful productivity tool that efficiently frees people from a large amount of repetitive work and gives them more time to think. Overall, many people will go through a period of pain, but it will be short-lived, and we are about to usher in a huge leap in human civilization together.
In the majority of cases, human work output consists mainly of text, images, audio, and video. It appears that tools developed by OpenAI can complete all of these tasks. The only irreplaceable qualities that remain for humans are the capacity for innovative ideas, wealth, access to resources in the real world, and what else? For a long time to come, the only necessary ability for humans will be the ability to pose effective questions, while leaving the rest to artificial intelligence.
History has a way of steamrolling over the little guy. Sometimes it comes on like a bolt outta the blue, but more often it's like boiling a frog - slow and steady. One day it's a stick, the next it's a sweet, with just enough cracks in the iron curtain to keep you thinking everything's okay and life's gonna keep rolling. But then, years down the line, you look back and hear the sound of bones cracking.
China π¨π³ 2020 β Japan π―π΅ 1990
Bitcoin does not need Hong Kong, it is Hong Kong that needs Bitcoin. ππ°
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wow, just received 1 sats from Nostr.
thanks whoever you are. really cute.π₯Ήπ₯Ήπ₯Ή
Forget about FED and SEC
Focus on BITCOIN itself
Hodl and time will tell
The cleansing of the market through its own collapse, including the regulation of stable coins without adequate asset backup by the SEC, is a very good thing. For a very long time to come, we are unlikely to see a large number of fake paper BTCs and air-minted stable coins, and instead, we will see real value changes and price trends. #bitcoin
The cryptocurrency is relatively insensitive to macroeconomic conditions.
If the market is more influenced by the overflow of the US dollar liquidity, the funds that entered the market in 2020-2021 would have purchased a large amount of BTC and withdrawn from the exchanges. In 2022, these BTCs should have been deposit back to the exchanges and sold for US dollars to exit the market.
However, data shows that the BTC balance in exchanges did not see a significant increase in 2022, but instead a slight decline, indicating that more funds continued to flow in and chose to store value in BTC. Starting from 2023 and until now, the trend of a straight-line decline in BTC holdings has re-emerged and even more funds are flooding in. #bitcoin
This just shows that in 2021, if it weren't for exchanges like FTX cheating by printing a ton of fake BTC(300k-500k) and then dumping them at $50k to $70k and taking the money out, we probably would have hit $150k to $200k already and only be at $30k to $60k in the bear market of 2022. #bitcoin
It appears that traders have been insensitive to macro factors this year, meaning that they place orders without taking into account the higher probability of macroeconomic outcomes. In other words, focusing solely on liquidity factors, as was popularized last year, is no longer a winning strategy. #crypto