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buffalobuffalo | 5 months ago

Blockchain only has 2 legitimate uses (from an economic standpoint) as far as I can tell.

1) Bitcoin figured out how to create artificial scarcity, and got enough buy-in that the scarcity actually became valuable.

2)Some privacy coins serve an actual economic niche for illegal activity.

Then there's a long list of snake oil uses, and competition with payment providers doesn't even crack the top 20 of those. Modern day tulip mania.

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9rx|5 months ago

Sounds like LLMs. The legitimate uses are:

1) Langauge tasks.

2) ...

I can't even think of what #2 is. If the technology gets better at writing code perhaps it can start to do other things by way of writing software to do it, but then you effectively have AGI, so...