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62 sats \ 1 reply \ @south_korea_ln 29 Jan \ on: (Doom Porn Warning) -The World's Worst Financial Catastrophe Could Happen Soon econ
Too many assumptions to take it seriously.
This plan sounds beneficial for all parties, even if people decry that the AI created-crypto currencies are essentially just Ponzi schemes. But they're not Ponzi schemes because there is an endless supply of AIs always newly appearing to buy and trade more crypto.
It doesn't take a genius to realize the AIs endlessly replicating and acting like this could quickly amass far more digital wealth than all humanity possesses.
This one sounds extra-stupid unless I missed something.
Where would this endless supply of AIs, supposedly endlessly buying and trading, get their money from to keep the Ponzi going?
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67 sats \ 0 replies \ @freetx 29 Jan
Moreover how is it materially different than what is actually happening? Does it matter if AI is running pump-and-dumps vs people?
A funny stat I saw the other day. There are now 22M different coins....that is there are more "crypto projects" than there are actual bitcoin.
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