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Comment by lich_king

Alternatively, there's money to be lost in the transition. The vast majority of "crypto investors" did not walk away from it any richer. Some folks have gotten lucky, but it's just that: their thesis about the future of money was evidently wrong, they just happened to get the timing right. Getting lucky for the wrong reasons is not a good investment strategy.

Meanwhile, the main category of people who have consistently gotten rich off the "crypto revolution" were various scammers and pump-and-dumpers who have since moved on to meme stocks, AI content farming, and so on.

But I wouldn't use crypto as a benchmark because AI has more substance. We can debate if it's going to change the world, but you can build some new types of businesses and services if you have near-perfect natural language comprehension on the cheap.

parent lich_king 7 months ago

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