The AI technology we’re using isn’t “new” the core idea is several decades old, only minor updates since then. We’re just using more parallel processing and bigger datasets to brute force the “advances”. So, no, it’s not actually that new.

We need a big breakthrough in the technology for it to actually get anywhere. Without the breakthrough, we’re going to burst the bubble once the hype dies down.

But it’s not secure. At least not in any way more secure than your password is, or that coin that’s in your jacket pocket. The whole security aspect is just another strawman.

Ok, no, Crypto in any form is bad. But unregulated is not an improvement.

Also, money has always since the very beginning been monolithic control finance, the first money were printed by kings. There just were a lot instability with the coins.

The other options are not to have capitalism at all, go back to bartering, or reach the hallowed myth of post-scarcity.

Not sure if has hit all time high, but I doubt it. But even if it did, the reason why it did is pretty simple. It’s unregulated and a scam. So, get a bunch of sociopaths and let them target people, get them to invest in crypto and then they will be able to sell their own imaginary money to these people for real money. This is how it works in its most raw form. Someone invents monopoly money, convinces someone gullible that it’s the future and sells the people the monopoly money for real cash.

Of course there’s a whole bunch of obuscation and hype talk to hide what’s really happening, so it’s not immediately obvious to those people.

Muddying the waters is also the small group of true believers who really think that it’s only matter of time when the monopoly money is going to take over and via the power of magical thinking completely fix capitalism and the rich bastards who have money instead of them.

So the signal to noise ratio is pretty bad for really seeing what is actually going on.

Bullshit, apparently.