The power of unlimited tokens is you can just let the AI keep guessing, after a while it will get the correct answer by pure luck.
It is not quite as bad as the infinite monkey theorem, I named it the infinite intern theorm.
#ai#amd#nvda#llm
#AirCanada FAILED. The ground crew told us the flight is fully booked and don't let us hand carry the violin. It turns out the flight still has 3 rows of empty seats.
A non-tech friend asked me AI replacing engineers is a concern? My answer is NO.
We have been dealing with the competition from outsource for more than a decade. We adapted by moving up the value chain. AI will replace them first, in fact it is easier to command AI.
I love Bitcoin! ♥️
A true freedom money, that anyone & everyone can use without permission or limitation
A P2P digital cash & gold that is both secure & scarce
That was Satoshi's vision: What a shame! That BTC now represents the very opposite of that once beautiful dream: 🧵
Reality Check:
BTC does not have the capacity to serve as money at all (Medium of Exchange), it does not even have the capacity to serve as digital gold (Store of Value)
To make this even more clear, here are two examples: If everyone in the world did only one TX, the queue would be over two decades long! If all on-chain holders sent their BTC to an exchange now the queue would be over 1.8 months long!
This means that even if a tiny fraction of BTC holders attempted to exit, it would not be possible for most, as it would cause massive fee spikes, congestion & it could potentially even lead to a death spiral due to this type of "bank run" scenario occurring.
The limitations are in fact so massive; that in a hypothetical "BTC world" only elite institutions would be able to afford to use it directly. A total betrayal of Bitcoin's values. However, this greed-inspired fantasy will fortunately never come to pass as the incentives do not support it at all
This all means that BTC cannot be used by anyone & everyone, as there are massive limitations here. The only way "mass adoption" works for BTC is through centralized custodians; the literal antithesis of Bitcoin!
Borrowing Against The Future:
BTC's long-term security model is completely unsustainable; it will collapse somewhere between 4 to 12 years from now (1-3 halvenings)
As contrary to Satoshi's original vision for BTC, the blocksize limit has not been increased. This is the cause of these limitations in capacity
Another consequence of this is that for the network to become sustainable through fees alone, TX costs will have to reach sustained highs of at least $70+ per TX. I do not consider this to be realistic at all, especially for a network without capacity & in an environment full of highly capable competitors. The price cannot keep doubling forever as well, a basic understanding of economics & exponentials should explain that away easily...
What is even worse; is that if BTC fails to solve this problem before it is too late; the only solution left will be to increase the inflation rate of BTC beyond 21M!
The core developers are literally planning for this eventually right now as we speak, as they rather do that than follow Satoshi's original vision for the project
The Inevitable Collapse:
The mining industry will continue to shrink until it becomes profitable to attack the network through censorship & 51% attacks
This is the crisis that will force Core to increase the inflation rate, causing a fork & thereby splitting the chain again
At this stage you will end up with at least two more "Bitcoins"; one that will be totally insecure & the other one that is no longer scarce & now highly inflationary...
Mark my words; this is how BTC will collapse & I do not believe that its current phony narrative will survive this event, it will be a harsh awakening. My hope is that we can collectively realize this beforehand so that we can minimize those shockwaves across the parts of the cryptocurrency industry that we do love
Conclusion:
BTC is no longer "freedom money"; it is no longer intended & cannot be used by the masses directly
Instead, it is a purely speculative plaything for the rich with ZERO utility or actual value to human civilization, it is in fact a disaster waiting to happen, as BTC is not even secure or scarce over the long run!
All while the cryptocurrency industry is booming with new ideas, technologies & a true cypherpunk's burning passion for freedom money
Satoshi's vision is not dead, it is thriving in Bitcoin's children. So join the revolution & abandon BTC, for the good of humanity, for the sake of our collective cypherpunk principles & in celebration of Satoshi's original vision for Bitcoin! 🕊️
@ToddMaron@elonmusk You are looking at the past. Investment needs to look at the future .
Elon can appeal to get his OLD deal back. If he wants use to vote on a NEW deal, he has to give us something in return