Earlier quoted context omitted.
> When the next wave of new deep learning innovations sweeps the world, that won't happen, the next scam will be different it was crypto until FTX collapsed then the usual suspects led by a16z leaned on OpenAI to rush whatever they had on market hence the odd naming of ChatGPT 3.5. When the hype is finally realized to be just mass printing bullshit -- relevant bullshit, yes, which sometimes can be useful but not bill…
Crypto currencies has the potential to grow the world economy by about 1-3%, as banking fees go down. Add other uses of crypto may double or triple that, but that's really speculative. AI, on the other hand, has a near infinite potential. It's conceivable that it will grow the global economy by 2% OR MORE per MONTH for decades or more. AI is going to be much more impactful than the internet. Probably more than intern…
Yes you may have short term growth, this is solely due to there being less regulation.
Despite what many people think regulation is a good thing, put in place to avoid the excesses that lead to lost livelihoods. It stops whales from exploiting the poor, provides tools for central banks to try avoid depressions.
Costs wise, banks acting as trust authorities actually can theoretically be cheaper too.