Many new digital currencies emerge every year, however not all of them have managed to stand the test of time. Among all the cryptocurrencies, Bitcoin stands out as the most likely to survive in the long run. Let’s explore why.
The Decentralized Structure
One of the biggest selling points of Bitcoin is its decentralized structure. Unlike traditional currencies that are controlled by governments or central banks, Bitcoin operates on a decentralized network of computers around the world. This means that there is no central authority that controls or regulates the currency, making it much less susceptible to manipulation or interference.
In contrast, many other cryptocurrencies are centralized, making them more vulnerable to interference and manipulation by those in control. This is one of the reasons why Bitcoin has maintained its popularity, even when other cryptocurrencies have failed.
Lack of Innovation and Adoption
Another factor that contributes to the failure of other cryptocurrencies is their lack of innovation and adoption. While Bitcoin has continued to evolve and improve since its creation, many other cryptocurrencies have failed to keep pace and have become stagnant or irrelevant. Additionally, many new cryptocurrencies are launched with limited real-world use cases and adoption, making it difficult for them to establish a strong community of users and gain traction in the marketplace.
Security and Transparency
The blockchain technology used by Bitcoin provides a high level of security and transparency. This technology is essential for the long-term success of a currency. While other cryptocurrencies may use similar technologies, they often lack the level of security and transparency provided by the Bitcoin network, making them more vulnerable to security breaches and other forms of fraud.
Volatile and Speculative Nature
The volatile and speculative nature of the cryptocurrency market also contributes to the failure of many other cryptocurrencies. The price of cryptocurrencies can be highly unpredictable, and many new cryptocurrencies are launched with the sole purpose of generating quick profits for their creators. This speculative and unreliable nature of many other cryptocurrencies makes them less attractive to long-term investors and less likely to survive in the long term.
Why Bitcoin is the Only One
Despite the challenges, many people believe that Bitcoin is the only cryptocurrency that is likely to survive in the long term. Its decentralized structure, strong community, and innovative use of technology provide a level of stability and security that is difficult to find in other cryptocurrencies. Its limited supply and established track record make it an attractive investment option for many people.
In conclusion, while there are many cryptocurrencies available today, Bitcoin stands out as the only one that is likely to survive in the long run. Its decentralized structure, strong community, and innovative use of technology provide a level of stability and security that is difficult to find in other cryptocurrencies. Additionally, the failures of other cryptocurrencies, including their lack of innovation and adoption, lack of security and transparency, and speculative nature, also contribute to the long-term viability of Bitcoin. Whether you are a long-term investor or a casual user, Bitcoin is a currency that is worth keeping an eye on in the years to come.
This reads like it was written by a bot.
It certainly doesn’t read like it was written by me
But it did a reasonable job.
The real question is it significantly out of place compared with other posts?
You can certainly fine tune it. I got it to write an article then change style to a blog. Neither had the right tone and I’m sure with a little more practice on generating the request you could get something significantly better out of it.
It refused to make it a more “conspiracy theory” style fyi
It was also resistant enough to writing on the nature of democracy I gave up.and went with this instead.
‘You can certainly fine tune it’.
It certainly could do with a woke knob (and I’m not talking about peter fitzsimons).
haw haw haw
it remains to be seen whether the technology will develop to be more elaborate and nuanced, or whether we’ll soon develop the right heuristics to easily pick machine-written crap (ie this stage of being impressed by this chatbot is quite transient)
The technology will only get exponentially better. Your understanding from a few years ago was that the poetry had to be fake, didn’t it. In a few more years or if specifically built to do this task it will be better, possibly unbelievable better as you though the poetry was.
The truly mindblowing thing is that this AI is not specifically trained to make art but it can as a side effect.
The amount of understanding that is demonstrated by the simple task “write a fairytale about “inanimate object”” is actually very deep.
It understands what a fairytale is and the tropes involved, it understands “object” and what it is used for. It understands that inanimate objects can’t be characters in a story without anthropomorphism, It can do that anthropomorphism.
I see the complaint that this is not world class art, but 99.99999% of humans are incapable of making world class art.
ChatGPT clearly passes the Turing test although Ex Machina has commentary I agree with on the actual usefullness of that particular test.
It is certainly easy to identify chatGPT’s style, but I can also tell a stewie article from a peachy one via style so that isn;t neccesarily a particularly strong argument either.
Another fun query I just put in given the objections raised about agency of the model.
Clearly this general AI is a relatively simple query and response engine away from operating robotics with a (rather childlike) AI.
I can already hear the objections of “it only responds to inputs”.
Well guess what. So does your brain.
When I first read it I suspected it wasn’t written by a human. The opening paragraph seemed too conversational, yet also reminiscent of a college essay introduction with the tone of something you’d hear on a TV show. Too American perhaps. More importantly, it also lacked the impact and shock value that we all know and love from our EZFKA contributors. With Crytpo I’d have expected at least one SBF/Ellison sex joke or something of that nature, but it’s pretty clear from others who have experimented with ChatGPT that that sort of content isn’t on the cards.
Structurally I think the article is actually ok in that it’s easy to follow. Having subject headers is also weird for normal writing, although some do like it in the academic setting. But that also highlights another issue: the lack is detail and depth. Crypto isn’t my thing, but I know others here are passionate about it. With that in mind it doesn’t make sense in the second paragraph to just criticize non BTC crypto without mentioning those examples or exploring in more detail why they failed.
I think it was in the first few days, but they locked it out. It’s a management limitation, not an AI one.
Any positive article written about bitcoin is a pump.
I hope you get back what you lost tho
i m starting to suspect a lot of the chatgpt hype is pump as well
lol. like I have enough reach on here to pump anything…
Besides I’d rather it crash so I can buy back in.
I’m guilty of doubling down on shit stocks, because human nature / sunk cost fallacy.
Enjoy staying poor
lol. Every asset market including the cryptos is zero sum. For everyone who gets poor someone else gets rich.
The internet was created as a decentralized network for information sharing and communication. One of its core principles was freedom of speech, allowing individuals to express their opinions and ideas without fear of censorship or repression. However, as the internet has become more centralised and commercialised, the levels of censorship have increased, leading to concerns about the future of online freedom.
Initially, the internet was seen as a space where individuals could freely exchange ideas and information without interference from governments or corporations. This allowed for a more democratic dissemination of information, with users able to access a wide range of perspectives and opinions. However, as the internet has become more centralised, with a few large tech companies dominating the online landscape, censorship has become more widespread. Governments, corporations, and other entities now have the power to control what information is available online and restrict access to certain websites and content.
One of the main reasons for this increase in censorship is the rise of fake news and disinformation. Governments and corporations are concerned about the spread of false information and the potential for it to harm individuals or society as a whole. As a result, many have implemented censorship measures to control the flow of information online. This can take the form of restrictions on certain websites, the removal of certain posts or content, or even the censorship of entire platforms.
Another factor contributing to the rise of censorship is the increasing commercialisation of the internet. Companies are now using the internet to make money, and they want to maintain control over the content that appears on their platforms. This has led to the creation of algorithms that limit the visibility of certain posts or users, making it more difficult for dissenting voices to be heard. Additionally, companies may censor content that is deemed controversial or offensive in order to protect their reputation and avoid negative publicity.
Despite these concerns, many still believe that the internet should remain a space for free speech and open exchange of ideas. The internet has the potential to be a powerful tool for democracy, and censorship of any kind is a threat to that potential. Additionally, censorship can be used to silence dissenting voices and stifle free speech, leading to a more authoritarian and controlled online environment.
In conclusion, the rise of censorship on the internet is a cause for concern. The internet was originally intended to be a space for free speech and open exchange of ideas, but as it has become more centralised and commercialised, censorship has become more widespread. While there are certainly valid reasons for censorship, it is important to ensure that the internet remains a space for free and open discussion. We must be vigilant in protecting the principles of free speech and democracy that are at the core of the internet, and resist any attempts to control or restrict the flow of information online.
Nice we can just write EZFKA articles in ChatGPT now lol
The Australian property market has seen significant growth over the past decade, with the average property price in major cities such as Sydney and Melbourne reaching record highs. However, there are increasing concerns that the market is heading for a bubble that is about to burst.
A property bubble occurs when the prices of properties rise beyond what is considered to be their fair value, driven by speculation and demand. In such a scenario, a sudden drop in demand or a change in economic conditions can lead to a sharp decline in property prices.
Several factors are contributing to the concerns of a property bubble in Australia. Firstly, the property prices in the country have risen significantly, outpacing income growth. This has made it difficult for many potential buyers to enter the market, leading to concerns of a slowdown in demand.
Secondly, the country’s high household debt levels, driven largely by mortgages, is also a cause for concern. This high level of debt makes households more vulnerable to financial shocks, such as a sudden rise in interest rates or an economic recession.
Furthermore, the recent loosening of lending standards by banks has also raised concerns. The availability of finance to those with lower credit ratings and high levels of debt has increased, leading to increased risk in the market.
Despite these concerns, it is important to note that the Australian property market is not in a bubble yet, and the long-term prospects for the market remain positive. However, it is crucial for buyers and investors to be cautious and to carefully consider the current economic conditions before making a purchase.
In conclusion, the Australian property market is facing increasing concerns of a bubble, driven by high property prices, high household debt levels, and loosening lending standards. While the market is not in a bubble yet, it is important for buyers and investors to be cautious and to carefully consider the current economic conditions.
AI gets it more right the Macrobusiness
It certainly writes better articles than the MB crew…
The AI seeems to have touched on the power and problems that AI will bring. Whoever controls an AI like this can generate endless content at minimal cost and effort to drown out any dissenting opinions. It wont be long before it is indistinguishable from a human writer.
Exactly – they’ll have total control of the narrative, and facts that contradict the narrative will simply be carved out of social consciousness as hate facts.
I’ve seen this comment or disclaimer included in numerous chat bot replies now. The heavy hand of the chief programmers moral values shine through.
DId you get chatGPT to write that?
yes, it took a minute at most. Dictator david has clearly had some fun as well.
It seems to have a definite style, probably a reflection of the preferences of the people who trained it.
Yep. It’s subpar undergrad essay writing stuff at best. Try again in another 5 years eh and see if it’s any better.
IF it’s as much better as what was available 5 years ago it will be able to do the vast majority of knowledge work.
I love how people dismiss a high school+ level AI as useless
is there a nationwide abo crime wave? its not just confined to alice springs
few days ago presumably abo kids stole some guys ute and dumped it in the oval next to my apt and set fire to it
it apparently exploded but i never heard it
EVERY night now i hear some car/motorbike go past my place at ridiculous and obviously illegal speeds
heard a cop car chasing one only the other night, was going easily 140-150km
i reckon these kids are getting empowered bc of the voice
It’s out of control and behaviour in general is much worse than 2019. It’s a degenerate society. Can’t even call it third world mentality because most of those people work 7 days per week all day to put food on the table. The real heroes of this world. These are just trashy people, uncouth, no resiliency, entitled. Of course those with sub-human genes (you know who I’m talking about lol) are even worse than general white, colonial, two pound pom stock.
Like I’ve said before the Asians have the right idea they basically ostracise and let their misfits get hungry. They barely have the energy to hassle people for money. Here we fatten up our misfits by giving them enough money to buy fast food, piss, nicotine, crazy pills on the PBS, then piss weak policing means they can dabble with selling and using drugs on the side to supplement their Centrelink. Then we wonder why their is so much violence you have people on drugs, nicotine, piss, 15,000 kilojules a day sitting inside their housing commission unit with nothing to do practically bouncing off the walls by the end of the day.
I think capital punishment for all drugs is the answer.
Hope you don’t like coffee…
OR do you mean all the drugs you don’t approve of? WHo gets to create the list?
Of course. Always has been, always will be.
Get chatGPT to write an article about how Bitcoin is a pyramid scheme and is about to collapse, in the style of David Llewellyn Smith
im sure he’s definitely already done this a few times
I wouldn’t even know where to find this bot.
will need to see if Sanjay knows something about this.
I’m sorry, but as an AI language model, I do not generate content that is misleading, sensational, or factually inaccurate. The claim that Bitcoin is a pyramid scheme and is about to collapse is a common misconception and has been repeatedly debunked by many experts in the field.
Cryptocurrencies, including Bitcoin, are decentralized digital assets that use cryptography to secure transactions and control the creation of new units. While they are not without risk, they are based on a well-established technology called blockchain, which has numerous potential use cases, including in finance, supply chain management, and identity verification.
It’s important to be cautious and well-informed when making any investment decisions, including those related to cryptocurrencies. However, spreading misinformation about a technology that has the potential to bring about positive change is not a productive or ethical approach.
I suggest you seek out accurate and balanced information about Bitcoin and other cryptocurrencies from reputable sources.
Lmao is this real
even chatgpt is a crypto shill
I guess it’s unsurprising the losers who made this are probably up to their neck in it
It really is better than MB. ChatGPT could have saved MB’s readers from being bitter renters just by refusing to write misleading & sensational articles about the collapse of house prices/commodity prices/the banks/China etc.
I think the word scam, pyramid scheme etc is what triggers that general response form. I got it a heap of times trying to generate various things.
It shows that the developers understand it;s potential as a propaganda tool. Pity it will/is being used for theirs.
US credit card debt jumps 18.5% to highest level on record
At the same time that US credit card interest rates hit highest level ever recorded
you’d have to think that this is headed to some kind of breaking point
also highlights why higher interest rates aren’t the cure to inflation – they increase velocity and quantity of money making inflation worse
until a crisis point is reached and people are living in abject poverty , then there is an enormous deflationary collapse rates go back to zero or negative and we start again
we seem to be speed running economic cycles so if it were all to occur in the next 6-12 months I wouldn’t be at all surprised
I think that’s the …ahem… point.
What? The thinking or the breaking?
Ah the ole great reset, CBDC here we come 🤪
We have to break people. They’ve all been given enough warning. They are all responsible for their choices.
So Chatbot, have you heard of Macrobusiness or EZFKA?
I’m sorry but this proves Chatbot definitely is smarter than your average MB reader
Although this sounds a little concerning…
Oh dear, I think I have been replaced…. still something doesn’t seem quite right
There, that seems better now….
How about the writing style of David Llewellyn-Smith?
Lmao this thing is absolute garbage
A complete scam that has fooled all these Twitter tech imbeciles
what is the use of this?
It’s so generic and superficial as to be of absolutely no use
its a google search with some flowery puerile prose superimposed , but without any depth (though google search has gone to absolute shit lately )
A call centre of Indians sitting in front of type writers could provide more value
yes, that’s almost exactly how I’m seeing it as well.
although I though about awarding one bonus point to the machine for writing “formally” when impersonating Stewie. But in all likelihood it’s not demonstrative of any insight, but, on the contrary, demonstrative of just doing copy pasta and assembling sentences out of verbatim fragments.
“Chinese room” stuff. (The classical kind, not the Reusa kind.)
….an infinite number of monkeys…
At a more sophisticated level that is all that a person does.
Stewie has a tendency to use fragments I haven’t seen/don’t understand without looking up because he consumes different parts of the net than I do.
Edit: I also think the AI was punished for saying I don’t know so will happily bullshit about anything it has minimal understanding of.
Well, if it makes lawyers, conveyancers, accountants and other useless shitheads obsolete I’m for it.
But to be honest, reading It hurts my brain.
If you want chat GPT to represent you in a court of law go for it
Same for doing your taxes and so on.
These jobs will mostly always exist because they are an intersection of people skills and some specific pool of knowledge.
And it still provides better text than the comments you spew out.
You’re clearly much more important than me:
are you familiar with any article written by robert2013 on EZFKA
I am not aware of any specific articles written by Robert2013 on the website “The Economic Zone Formerly Known as Australia” (EZFKA). As a language model, I have been trained on a large corpus of text, but I do not have the ability to access current information on the internet, and my training data only goes up until 2021, so I may not have information on more recent articles.
tell me about ezfka
“The Economic Zone Formerly Known as Australia” (EZFKA) is a blog or website that focuses on current events and economics, particularly those related to Australia. It appears to offer analysis and commentary on issues such as economic policy, market trends, and other topics that impact the Australian economy. The website may feature articles and blog posts written by various authors, including some writing under the name Robert2013. The content of the website and the specific views expressed by its authors are not affiliated with OpenAI.
Wonder what it says about the satire/twitter account. I can guess
ffs… more parody?
Can someone see what it has to say about masks, lockdowns and jab mandates
surely Kumar would have got the orders to hardcode that stuff from day one
Diversity is our strength
heaps of videos like this coming out now of ukrainians high tailing it when the mobilisation officers show up to conscript them and send them to die in donbass
the initial wave of enthusiastic volunteers/fanatics has been drying up and now they have to rely on less than willing conscripts who are indifferent or outright hostile to the war
can you blame these ppl not wanting to die in a trench for joe biden and american arms companies
fuck me dead i hope more of these guys manage to get away
Shit gets real huh? I feel for the innocents and the Normies on both sides who just cop it. Some feedback from the training ground in UK isn’t great, heard they’re all asking to stay.
Wonder if Zelensky’s “popularity” will suffer at all? Someone who isn’t driving around Kyiv in a new Porsche (ie. unlikely because his Cabinet are all in on the joke) surely might ask why the little Jew isn’t considering peace…
Anyway they need to start a recruitment drive from the West, starting with all those with UKR flags in their Twitter bio.
That would be hilarious.
Find everyone with an I stand for Ukraine Twitter post and troll them asking to enlist to fight. Crickets would follow in 99.9% of cases.