106
Trump announces the crypto czar
(lemmygrad.ml)
Truly, we live in the worst timeline
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Dec 2024
106 points (100.0% liked)
chapotraphouse
13609 readers
733 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
founded 4 years ago
MODERATORS
I love how both managing crypto and ai are lumped into one position despite them being completely different things.
Seems like trump is just throwing away the people he doesn't give a shit about like someone might gather all their trash in one place.
Ah yes, the Federal Grift and Scam Agency
Even those who would critique capital end up reinforcing it instead
Can you give a similar analysis to the stock market? Alls I normally see on Crypto is “it’s a scam” with nothing deeper, and I’m curious as to how it compares.
Edit; corrected a spelling error.
Crypto and AI are related in that they're both loosely defined new frontiers that tech corporations desperately want to exist because their existing businesses can no longer grow. Everybody who is a potential customer for facebook, google or whatsapp is already using those services, but the number still needs to go up somehow, so the tech giants are clawing onto anything that could become the "next big thing" so they can capitalize on it and promise more growth to their shareholders.
Cryptocurrency, the metaverse and now AI are all iterations of this cycle. With very vague definitions and the wildest of promises, this is basically the government department of grifting shareholders. Which would honestly be funny if it wasn't also boiling the oceans.
They both use GPUs and consume power to do no useful computation. Should have made him the GPU czar.