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Does generative AI facilitate investor trading? Evidence from ChatGPT outages

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Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#81

Earlier quoted context omitted.

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)

The drug trade is meeting a market demand. Most people I know have participated in it passively as buyers.

Boring and trite comparison. I'm assuming you've never taken ibuprofen?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#82

Earlier 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…

Bitcoin is too volatile to be a store of value and too slow and expensive to be useful for transactions. It is public so it is not even great for illicit transactions.

> Fiat is weak money

Try explaining that to the IRS when they ask for taxes in dollars.

> Bitcoin is a force of nature

Asteroids are also a force of nature. That doesn’t make them good.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#83

Earlier quoted context omitted.

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.

I don’t think that answers the question. Denying transactions is certainly an issue. If it is true that the majority of mining power is in China, only a minority is outside of it. What mechanism does Bitcoin have for a minority of nodes to deny the transactions of a majority of nodes?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#84

Earlier quoted context omitted.

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.

They can’t alter them? Can’t they do whatever they want if they collude to execute a 51% attack?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#85
post #65

Earlier quoted context omitted.

Whenever you're building some ad-hoc non-differentiable circumstantial hacks around your learned model (regardless of whether it's an LLM or not), two alarms should go off in your head; a) Could this be made differentiable? End-to-end systems are nearly always stronger than systems made up of multiple models or models-plus-heuristics; b) is it appropriate to be using a statistical model here at all? External interven…

What does it mean to "make something differentiable"?

Implement it as part of the network, not as a discrete system outside of it.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#86

Earlier 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…

Good lord.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#87
post #57

Earlier 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%.

Maybe it’s inflation-adjusted?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#88
post #8

I think lately results of chat went downhill. I got used to asking "are you sure about that" after each chat answer to my question, and to most of the time the answer is "you are right, here is how I was wrong".

Ask a question like “Why do EVs use less electricity per mile when it is 100 than 70 degrees outside” and then reverse the question. You’ll get two answers that totally contradict each other. “Electric vehicles (EVs) use less electricity per mile in warmer temperatures (around 100 degrees) compared to cooler temperatures (around 70 degrees) primarily due to the following reasons: 1. *Battery Efficiency*: EV batteries…

Yep, that’s how it works. LLM’s like to make lists. They could make lists of supporting reasons for just about anything. Unless it’s trained into them, they don’t have an opinion, they have all the opinions.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#89

Earlier 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.)

There's a very simple change to the reward function that fixes this: make block reward proportional to difficulty. There's a real implementation called Ergon. I wish everyone wasn't so poisoned against it now that it was possible to talk about interesting ideas without sounding like all the scammers.

The original people who were involved in Bitcoin had gold bug mentality and that directly created the early adopter advantage that makes Bitcoin so unfair.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#90

Earlier quoted context omitted.

Media narratives and conspiracies are often used interchangeably, I can't read your mind so I included both. Also in your original comment you brought up the media, it's right there, so...

dude the comment i responded to is from you saying "cryptocurrency proponents out there who have somehow ignored all the negative press it has received."

AGI has been achieved internally.
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