/biz/ - Business & Finance

[Anonymous No.57599038]

How old were you when you found out that decentralization is a lie and most crypto governance models are unfair by design?

[Anonymous No.57599886]

that's not the problem a lot of devs have come out saying "hurr durr decentralization is a lie" that's not new, we've know this for a while now

the real issue is that most projects act like they are pushing for decentralization and fair/equal governance or whatever but none of them care, at the end of the day most projects are only swayed by whales and the devs and there's nothing the regular anon can do about it

[Anonymous No.57599893]

>>57599886
>we've know this for a while now
pretty new concept for me at least, wasn't the whole idea of crypto to make a whole new system that didn't need banks or third parties?

[Anonymous No.57599899]

like 14? economists have published papers showing why "true decentralization" was a coo coo pipedream since 2010

[Anonymous No.57599910]

>>57599038
And let me guess, AI solves this somehow

[Anonymous No.57599939]

>>57599038
>A social software development tool that points out contradictions within billions of users's facts-delegation the taks of logically making sense of everybody's propositions to the computer and instantly identifying "truth" at scale"
Is this implying that "truth" can be substracted from finding the logical fallacies and contradictions behind people's statements, because as far as i understand that's not how logic works. You can find contradictions, sure, but proving they are "wrong?" holy shit, that's a whole different beast, im pretty sure we haven't constructed anything that can identify what "truth" even is because that would mean we have ways to prove absolute truth which is, by definition, impossible

[Anonymous No.57599942]

>>57599910
unironically yes

[Anonymous No.57599954]

>>57599038
>decentralization is a lie
FALSE. Bitcoin is decentralized and has always been. If one entity could easily control the price of Bitcoin then we would see that happen 24/7.

[Anonymous No.57599958]

>>57599954
unironically yes

[Anonymous No.57600009]

>>57599893
Depends on how are you defining decentralization. What most economists and programmers warned about satoshi's definition of decentralization was that governance of a token could be easily manipulated in multiple ways by whoever owned more btc. Even when ways to prevent this were drafted, there is still the matter of "how we measure governance". Think of it this way, if everyone has a voice and a vote to place on a decision and we have 30k people participating in that decision, its still unfair. Why? because not everyone has the same access to information, not everyone will be able to explain the decision behind their vote with the same ability, we can't rule out that the people with more money will not buy votes, we can't rule out the possibility that there won't be malicious third parties influencing the voting. There are a lot of variants behind "true voting equality" that aren't being considered by most devs when they promise "decentralization".

[Anonymous No.57600011]

>>57600009
so crypto is inherently flawed, got it

[Anonymous No.57600019]

>>57599910
well logical AI could, i imagine there are some ways to make the system filter and act as arbiter amongst all voters to try and reach the most "decentralized" scenario possible

[Anonymous No.57600023]

>>57600019
>humans created AI
>humans are flawed beings
>therefore AI will share human's flaws
checkmate aifags

[Anonymous No.57600035]

>>57599939
emphasis on "truth at a scale", it's not saying it will reach "absolute truth" its saying that the AI will try to reach a more equal and untainted decision

[Anonymous No.57600062]

>>57600009
BINGO. The real use cases for crypto that centralized companies can't recreate are mostly going to come from the AI revolution. People are dramatically underestimating the impact AI is going to have on the economy, and we are not talking decades from now, we are talking about years from now, TAU is proof of that. The first impact will be to cause massive deflation and the money printer to require a team of engineers to prevent it from exploding just to pay for all of the unemployment claims, governmental efforts to redistribute, UBI, and government supported bullshit jobs. This will cause a massive shift of capital into crypto, allowing it to achieve levels of liquidity that will become globally competitive. It is important to realize that decentralization is what makes crypto a neutral asset capable of absorbing wealth during the global devaluation of fiat which will, again, occur due to the need to print to prevent social unrest once we finally reach a more decentralized state on the ecosystem.

[Anonymous No.57600066]

The next step is harder to predict, and the further out we go, the more difficult predicting the future becomes. The important thing to remember is that AI can interact with crypto directly, without the need for intermediaries, which means that once traditional assets are tokenized, a single AI using a blockchain will be able to effectively do everything handled by traditional finance, including all the tasks currently handled by tax and financial advisors, hedge funds, banks, brokers, exchanges, etc, without the need for traditional financial institution wrappers, and without the corruption inherent to human run institutions.

[Anonymous No.57600069]

>>57600062
>>57600066
And after that, what then? What happens in your ideal AI-Run future?

[Anonymous No.57600081]

>>57600062
>>57600066
I still find it hard to believe AI's can't be influenced by humans. We made the code, how would it suddenly become inaccessible after we deploy the AI

[Anonymous No.57600083]

>>57600081
oh boy i suggest you start reading about "black box ai programs" because you're in for a surprise

[Anonymous No.57600085]

>>57600083
tl;dr me

[Anonymous No.57600088]

>>57600023
Even tho AI share human flaws, their adaptative capabilities are quite superior plus their mind doesn't degrade that fast. That's why everyone on every existing social that offers financial opinions talks about funding AIs proyects, that's next step on human evolution.
God be dammed, even on beoble you can see wallets holding quite some Ms on this kind of projects.
You cannot refuse this reality.

[Anonymous No.57600099]

>>57600085
im not a computer scientist but basically most advanced generative ai programs right now (i don't know if this is the same for logical ai programs) are "black boxes" which means that we train them and feed them data but after a while they get so so so complicated that not even the programmers know exactly how it works, just that it works in a certain way, that's why ai takes so dang long to troubleshoot and correct, after a while you can't be completely certain on some aspects of it when it fails

[Anonymous No.57600103]

>>57600083
program so fucking complicated and large you cant be certain of how it works

[Anonymous No.57600107]

>>57600083
dude i don't even know man it just seems to me like all this ai bullshit is a bunch of faggots on some crazy techno fetish like look at the ai bros who are so into it - most of them have never even touched a woman in their whole lives lol they're probably just afraid they're gonna die virgins so they hope robots will become real and they can finally get laid you really think an ai can replace real human relationships don't make me laugh bro you're just a faggot who can't get laid - you're probably fat too

[Anonymous No.57600119]

>>57600069
Once you have this basic infrastructure, you will actually have the financial foundation for the new, post AI economy. The important thing here is the way crypto allows anyone to create capital. Currently, this primary use case for crypto is very dampened due to governmental regulations which revolve around the legacy system. But under an AI driven system, the abuses of capital generation for the purposes of scams and fraud will be largely eliminated by allowing AI to handle capital offerings. In other words, companies and labor won't be required to generate crypto projects, just a good idea and AI to code it up and provide the distribution schedule, hell if we take TAU into consideration we would completely skip the coding part and just feed it logs and sentences for it to do the coidng for us. Put simply, AI can offer securities fairly and thus has the potential to allow anyone the ability to generate securities around an idea only under the hope that said idea will result in the bootstraping of network effects and decentralized projects. This will actually become a system for incentivizing a range of human behaviors not associated with economics today. For example, you could have a system where particular acts of kindness receive economic reward, resulting in a form of capital associated with kindness. That may sound crazy today, but this is the general idea of where I think things are going. These will potentially become the early network states.

[Anonymous No.57600152]

>>57600107
imma go out on a limb and assume you're really young because once you grow up in life you realize there are more things than sex and touching boobs
take scientists for example, scientists know things that you don't know and actually work very fucking hard for decades because they are passionate about the advancement of the human race, they have wives and children and have sex and yet they talk each day with their coworkers about how to get us to space or how to cure cancer or, in this case, how to make AI to solve human problems and they are not in some "tech jargon obsessed group to make robots real to fuck them" they legitimately want to make the world a better place
but you cant understand that can you, the thought of someone doing something not because they will get a benefit themselves but to make someone's life better is just THAT alien to someone like you

[Anonymous No.57600158]

>>57600107
>lol they're probably just afraid they're gonna die virgins so they hope robots will become real and they can finally get laid
I think you're projecting a bit there pal

[Anonymous No.57600171]

>>57600119
Who said anything about AI replacing human relationships

[Anonymous No.57600181]

>>57600088
Yeah i guess its the next narrative and there's nothing we can do about it

[Anonymous No.57600190]

>>57600119
Okay you got me, when you frame it like that it actually makes the future less grimm, if we get to half of what ur saying it would be really nice. I'll read about tau in the morning and see if it's worth buying

[Anonymous No.57600201]

>>57600107
>>57600158
Shut the fuck up AI GFs sound amazing

[Anonymous No.57600523]

>>57600190
based