This looks so fun! I had not considered getting an apple watch until now. I mostly just use my phone for spotify and maps.
Does generative AI facilitate investor trading? Evidence from ChatGPT outages
71–80 of 107 posts
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#72Earlier quoted context omitted.
I don't think it's about novelty - heck people here will praise Unix and C regularly. It's more that crypto initially had potential, at this point it's been tried and failed to deliver - at least from the value perspective of people here.
at this point it's been tried and failed to deliver A trillion dollars of value suggests otherwise.
I mean drug trade is also huge but you won't find many people praising it here (the second part of the sentence you quoted)
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#73Earlier quoted context omitted.
> His response was simply "I never got embarrassed asking the computer any finance questions, even stupid/simple ones; I've always been the finance guy with answers so I forgot how to be humble in unexplored topics." I think I'm the opposite. My feeling is that anything I type into ChatGPT gets stored in a database, ready to be leaked at some future date, or read by prying eyes without my knowledge. I'm more careful…
https://rabbitu.de/articles/security-disclosure-1 Doesn't it count as paranoia if it already happened?
Except it doesn't; that's not OpenAI, that's some random get-rich-quick startup built on top of OpenAI API. Never trust those.
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#74This looks so fun! I had not considered getting an apple watch until now. I mostly just use my phone for spotify and maps.
Wrong thread, probably.
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#75Earlier quoted context omitted.
> a self evident train of scams and security incidents Because a bunch of bad people jumped on the bandwagon to exploit others. Bitcoin != “crypto” Bitcoin was the original and it’s still here. And it will continue to be here. The goal of bitcoin is not to “make money”. Bitcoin is money. A new kind of money. One that no central entity can control. One of which there will only ever be 21,000,000. No one can print more…
> One of which there will only ever be 21,000,000. This is a good property of something you want to be scarce, but it's a terrible property for money, whose purpose is to exist in the correct amount to keep stable money velocity in a growing economy. (Or a shrinking one.)
We can divide bitcoin into smaller pieces,
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#76Earlier quoted context omitted.
By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.
> a self evident train of scams and security incidents Because a bunch of bad people jumped on the bandwagon to exploit others. Bitcoin != “crypto” Bitcoin was the original and it’s still here. And it will continue to be here. The goal of bitcoin is not to “make money”. Bitcoin is money. A new kind of money. One that no central entity can control. One of which there will only ever be 21,000,000. No one can print more…
Except anyone can start a parallel chain, e.g. DogeCoin. The only thing that makes BitCoin special is that it was the first and is still the most well known. It's value is entirely based on network effects and speculation. It's a speculative store of value which can be digitally transfered for a modest fee.
Fiat has the force of the state behind it. This has pros and cons, depending on perspective and use. As a currency, it's superior in many ways. As a store of value, it's in many ways inferior to BitCoin... Until it's not.
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#77Earlier quoted context omitted.
Time in the markets beats timing the market if you actually have capital to throw around to gleam a decent 5% yearly return. If you don't have much capital, you have to time the market like hell to build up your capital to a level where 5% yoy actually is a decent amount of money.
5% is decent? The index made about 10% on average, Peter Lynch about 30%, and Buffett in the ‘60s was at 40-50%.
5% return is a pretty common estimate for passive investing. I certainly didn't come up with it, smarter people than me did and spread it all over financial news media.
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#78Earlier quoted context omitted.
Time in the markets beats timing the market if you actually have capital to throw around to gleam a decent 5% yearly return. If you don't have much capital, you have to time the market like hell to build up your capital to a level where 5% yoy actually is a decent amount of money.
If timing the market works at a small scale, why stop? If it worked, wouldn't everyone do it?
It does work at small scale and people don't stop, make careers and billions out of it, see high frequency trading. You can play market timer yourself just by using some game theory and keeping up with the chart.
Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#79Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages
#80Earlier quoted context omitted.
They dont control anything. If they left the network would readjust difficulty after 10 minutes and continue on the same way. Seriously educate yourself. You're being the guy in the op comment.
It's not about them leaving the network, it's a matter of whether they could be coerced by an authoritarian government to alter transactions.
They cannot alter transactions, only deny/duplicate them. Their node would be blacklisted by those working around censorship.
Guys cmon its really childish the boring same issues thrown around when theyve been answered and addressed a million times.
For a forum of "hackers" most are just hacks.