Except crypto lacked utility for most people, even early on.
I've spent the last couple of days creating python scripts to automate parts of my business. I'm not a developer (though technical enough to help point GPT in the right direction sometimes when it's getting stuck on problems) and have written <100 lines of python in my life.
I'm using image generation AI regularly to create images for my marketing emails, and when I've got writer's block it helps with the text too.
Right now the iPhone 1 is a great analogy - it was cool but it was really subpar for using a lot of the internet, because it wasn't mobile optimized. GPT takes some coaxing to get it where you want, like you had to do a lot of pinching to zoom in on websites on your phone. In a few generations, this is going to be as seamless to use as the iPhone 5 was compared to the first gen.
And how is that going? Died down? It’s really amusing when I encounter tech savvy individuals who think crypto is hype, little do they realize it’s stronger than ever and central bankers are becoming increasingly concerned.
I don’t think that’s what they are actually worried about. I would also like to point out that the biggest scams, FTX for example,
are simply traditional Ponzi schemes with a crypto front, they have all been executed entirely using regular banking systems and due to the incompetence of those regulators. Bitcoin itself is rock solid and constantly gaining users and influence.
