This is a really good way of putting it, and I’ve never thought about it this effectively before. Before reading this, my best thoughts like this on crypto were comparing cryptocoins to gold reserves or corn or oil, which are difficult to flood the market with. But, like, you might end up disappointed if a new cold war starts and world gold reserves get sold off. But that risk is nothing compared to crypto exchanges tanking the industry or everything related to hacking. If AI becomes a fire hose of cognitive labor that makes everything topsy turvy then that’s even worse for crypto.
This is a really good way of putting it, and I’ve never thought about it this effectively before. Before reading this, my best thoughts like this on crypto were comparing cryptocoins to gold reserves or corn or oil, which are difficult to flood the market with. But, like, you might end up disappointed if a new cold war starts and world gold reserves get sold off. But that risk is nothing compared to crypto exchanges tanking the industry or everything related to hacking. If AI becomes a fire hose of cognitive labor that makes everything topsy turvy then that’s even worse for crypto.