What you wanted: AGI, human robotics What you got: Chamath | goodalexander on Binance Square

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What you wanted: AGI, human robotics 
What you got: Chamath’s dick size market on the blockchain

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Phase 1 of ai bubble burst: 90% of content is apps that people actually built with AI that get no traction because they lack effective customer support, distribution or cartel dynamics that drives all existing software sales This kicks off phase 2 where the GPU companies start manufacturing demand with things like crypto mining. Phase 2 will be much more violent- because it will be untethered from any real economic demand - just compute for compute sake. and will benefit us a lot more

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The people who control the dollar own and support an asset that’s betting on the collapse of the dollar What else is there to say It’s very clear how things are going to turn out

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Idk why I’m going off about international token finance 101 out here - ppl just want tickers

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Your worst case scenario for token performance is that it gets a ton of usage subsidized by network inflation and that usage destroys the wealth of its holders Death spiral AI or other non gambling use cases might end up enriching holders - which is why they’re so important

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When people are calculating and trading on “attention” or investor acquisition cost they’re heavily focused on the top of the funnel and not churn BTC and XRP partly win bc their holders don’t actually use the chains and therefore don’t lose all their $ and churn Ironic

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