this post was submitted on 13 Jun 2026
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[โ€“] 30p87@feddit.org 5 points 1 week ago

The current trajectory of Cryptocurrencies calls for the most ambitious political agenda in the history of post-war Europe. Unless we embark on it now, Europe will lose the ability to shape its own future. We will end up economically and politically sidelined, with values we cannot defend, social welfare systems we can no longer fund, risks we cannot address, and a Union that cannot hold.

This is a scenario about Europe's impending slide into irrelevance: how Crypto is driving it, and what can still be done to change course.

To understand how Europe is at risk of squandering the coming Crypto revolution, we first have to return to early 2025 - because the story we're about to tell is already well underway.

ftfy

[โ€“] PonyOfWar@pawb.social 3 points 1 week ago

Skimmed over it. I guess it's an interesting scenario, but I think we should be very skeptical of future predictions made at the height of what many economists believe to be an economic bubble. If and when that bubble bursts, the countries that went all-in on AI will be the worst hit. You probably could have made a similar prediction at the height of the dotcom boom and it would just look ridiculous a few years later.

[โ€“] ZkhqrD5o@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

Meanwhile, Anthropic and OpenAI continue to see exponential revenue growth [...]

While this is true, I find it the funniest fallacy of the past few years. Because the entire bubble is essentially circularly investing into itself and what you get is a tangled spaghetti mess like the stock bubble in Japan during the 80s. Because the mess is so tightly knit, you cannot separate one from the other. And if this circle wank loses external money going in, it's going to collapse like the house of cards it is. All of that makes the Gordian Knot logo of OpenAI even funnier. Because that's essentially what the bubble is. A tangled mess. No one can make sense of it, let alone make it into something actually useful.

[โ€“] tal@lemmy.today 1 points 1 week ago* (last edited 1 week ago)

I feel like discussion of consequences of missing out on an AI boom might well be interesting.

I don't think that this "story format" is the best way to do it. It's really verbose. I'd rather just cut all the fluff out and see the author's points and concerns written out directly.