Reminds me of the Paperclip Maximizer thought experiment. An AI which destroys the universe by turning it into paperclips, as its goal is to make more paperclips.
First crypto took marginal GPU and energy capacity. Now it is taking SSDs.
It has so far produced nothing except higher values measured in fiat. And the higher the values go the more resources needed for the computer networks.
Of course crypto is not an AI so it can only get fed more resources if it converts believers to feed it more. More GPUs, more SSDs, more coal, to run calculations.
So this should be self limiting at some point. Or maybe I’m wrong and some practical use will come of it but it’s been 12 years without any so far.
First crypto took marginal GPU and energy capacity. Now it is taking SSDs.
It has so far produced nothing except higher values measured in fiat. And the higher the values go the more resources needed for the computer networks.
Of course crypto is not an AI so it can only get fed more resources if it converts believers to feed it more. More GPUs, more SSDs, more coal, to run calculations.
So this should be self limiting at some point. Or maybe I’m wrong and some practical use will come of it but it’s been 12 years without any so far.