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681 points Anon84 | 1 comments | | HN request time: 0s | source
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spicyusername ◴[] No.46181533[source]
I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me.

The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and how dunning-krueger can happen to anyone.

Now the uninformed gambling on futuristic sounding hokum? THAT is easy to understand.

That being said, I'm sorry the author had to go through this experience, the road of life is often filled with unexpected twists and turns.

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serial_dev ◴[] No.46181650[source]
Blockchain is a very inconvenient database, for sure, but there is a good reason Bitcoin uses it. It had to solve to double spend problem and create a trustless p2p digital cash, while being censorship resistant and having no central authority.

Some people around a decade ago started using blockchain for everything where a SQLite db would have been better, because blockchain was the buzzword around that time, and they were charlatans who wanted funding and hype, or signal how cutting edge they are (kind of how the last two years everybody became an AI company).

It doesn’t mean that Bitcoin using blockchain is stupid.

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CaptainZapp ◴[] No.46182064[source]
> and they were charlatans who wanted funding and hype, or signal how cutting edge they are

Interesting that those same hucksters and shysters who spread the gospel of the blockchain immediately jumped on th AI bandwaggon when this was the shiny new thing.

Or, maybe, 40 years working in IT turned me slightly cynical.

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JojoFatsani ◴[] No.46182880[source]
LLM has more tangible benefits for companies and consumers.

If you mentioned NFTs though you’d be spot on

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1. culi ◴[] No.46189565{3}[source]
> According to new projections published by Lawrence Berkeley National Laboratory in December, by 2028 more than half of the electricity going to data centers will be used for AI. At that point, AI alone could consume as much electricity annually as 22% of all US households.

https://www.technologyreview.com/2025/05/20/1116327/ai-energ...

We're currently all subsidizing the AI industry. When we solve the energy problem then we can talk about potential benefits of LLMs