this post was submitted on 13 Aug 2023
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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] zouden@lemmy.world 4 points 1 year ago (1 children)

Bitcoin isn't anonymous yet it's the most valuable crypto. Monero is barely used. Most crypto people just want to get rich, they don't actually care about using it.

100% a bubble

[–] Freesoftwareenjoyer@lemmy.world 0 points 1 year ago (1 children)

I could go to the local ATM and buy Bitcoin anonymously right now. So, unlike a credit card, it can be used anonymously. Monero is better of course and it doesn't matter how many people use it. Even if a store doesn't accept it directly, you can use it to buy gift cards for any store.

I don't care what most crypto people do, it's irrelevant, just like the price is irrelevant and doesn't affect my ability to use this technology.

[–] primalanimist@lemmy.today 3 points 1 year ago (1 children)

I could go to the local ATM and buy Bitcoin anonymously right now So you walk around the city with your face covered, only buy stuff with cash, and never ride in your personally owned vehicle or the vehicle of a friend?

The ATM has a transaction time and your bitcoin transaction record. There are enough cameras in the cities near ATMs (for this very reason) that you can be tracked if the government found you as interesting as you think you might be.

[–] aesthelete@lemmy.world 2 points 1 year ago

This person probably thinks venmo is anonymous too.

You'd be better off going to the ATM and getting cash and then using that cash for your purchase if you wanted to remain anonymous.

Bitcoin keeps a transaction log that's integral to the technology behind it, and is retained longer than fucking Chase Manhattan transaction logs.