https://x.com/polymarket/status/2039009853671145648?s=46
I’m not a crypto guy, but this seems bad. Bad for security in general I suppose.
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When I was in the military and knew some guys that worked computer security….
They said it and it stands today and for our tomorrows….
security in line is a mythical concept
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Stock market doesn’t seem to concerned.
Shitcoin
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Would they be? If anything it could move people to traditional asset classes if the percieved security of it is a hindrance?
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Not sure what the stock market has to do with BC, but the value of 1 bitcoin has dropped $46.5k in value over the last 6 months.
Also, as an aside, the whole crypto thing is goofy. Like…what’s its purpose? Just another speculation vehicle as far as I can tell. Nobody in their right mind should be buying or selling actual real world products with something so volatile.
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It’s very similar to the current AI situation in that there isn’t really a solid use-case for the consumer. There are a few coins that move quite a bit quicker so that you can use them for daily transactions but they’re not widespread in use/haven’t been adopted by payment processors, but for something like BTC, it just doesn’t have much of a day-to-day use. Like AI - there’s not a ton of consumer adoption/application, which is why companies like Microsoft are trying to shove things like Co-Pilot down your throat at every turn because they need their shareholders to think all the money they’ve been spending on investing into AI has an actual ROI.
But the truth of the matter is that neither one of these really has a day-to-day application for the average person. That’s why they’re always being talked about as being on the edge of a bubble.
Cashless society
Everything tracked on a blockchain
The funny thing was , they fooled the crypto nerds to think they were anti-establishment going against the global agenda…
… as they conditioned them exactly for the beast system and what it is.
You ever heard one of them crypto dorks get their rocks off trying to explain it to others ???
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We were already mostly cashless, though. You don’t need crypto for that. The majority of the money in our economy doesn’t physically exist. It’s just numbers on a ledger.
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I guess it depends on who the average person is. I use Claude quite a bit for brainstorming my writing sessions and in excel.
BTW - if anyone is working with excel and NOT using the Claude extension inside excel itself, you are hamstringing yourself. The thing is a frickin’ beast.
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The crypto digital currency will be tied into the social credit system, similar to what china uses today.
Easy to turn off if your score dips to low.
Can’t buy, sell, or trade without the mark of the beast
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What industry are you in? Because AI is taking over / reshaping mine, as well as many family members. I use it all day … incredibly useful for summarizing documents and transforming them. It’s being applied everywhere in our (very large) company. I don’t love the impending reliance we’ll have on it - but it’s here.
As far as BTC, I don’t blame anyone for having reservations …
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Yes and no as a lot of the capital is in physically infrastructure. Now the amount spent on servers that depreciate and inherently become outdated quite quickly is sunk cost that these investors are looking for ROI justifications. Working in this industry i agree that they are over investing for something that hasnt proven to be monetized outside of ad revenue etc or through shopping assistants. The physical infrastructure of data centers, land, etc should not be viewed through the same lense as it has proven industry value.
Indeed. Not NFT level goofy but still rather goofy IMO.
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I use AI on a daily basis. I think it’s a great tool. My point is, that unless numbers have changed, the last I’ve heard is that the percentage of households that PAY for AI features is around 15%. That’s a very small slice of the market for the amount of money that is being invested. Perhaps I didn’t word it clearly enough, but there just are not a lot of people paying for AI services.
This is a good point, but at the same time, is a lot of this infrastructure needed if they never utilize it to its full potential because it’s doesn’t become profitable? Genuine question. Is there a pivot for all these companies if they create all this infrastructure and there never ends up being the monetized demand for AI?
(For the record, I think they will eventually be successful in monetizing it to the consumer. I just don’t know if LLMs are going to be the vehicle.)
I don’t think that becomes problematic for bitcoin until quantum computers become actually available for people to use.
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Agentic AI is what should theoretically create an ROI for these companies, but that needs to be something more people can easily use first.
Standard cloud compute is viable as an alternative if AI services struggle. With that said my company cant even keep up with the capacity demand hence the continued investment. Most that i can say really
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Crypto is here and will stay. Legislation (the clarity act) is being written now to embrace and set guard rails.
It will be small steps forward but its not leaving. The new fed chairman Kevin Warsh is coming soon and he embraces crypto.
Kevin Warsh doesn’t like printing money or quantitative easing. Plus, he understands technology like blockchain. He is a fan of crypto serving a role as keeping monetary policies and banking honest. I think I like that, but we will see.
Plus, many large ETFs are invested in crypto and buy the dips and sell the peaks. These companies study this stuff 24x7.
Here is the current ranking based on the most consistent recent data:
iShares Bitcoin Trust ETF (IBIT) — BlackRock AUM: Approximately $52–55 billion (recent figures range from $51.6B to $55.3B).
This is by far the largest crypto ETF, often representing nearly half of all crypto ETF assets. It holds physical Bitcoin.
Fidelity Wise Origin Bitcoin Fund (FBTC) — Fidelity AUM: Approximately $12–13 billion (recent figures around $12.3–13.4B).
Grayscale Bitcoin Trust ETF (GBTC) — Grayscale AUM: Approximately $10–11 billion (recent figures around $10.3–11.2B).
iShares Ethereum Trust ETF (ETHA) — BlackRock AUM: Approximately $6–7 billion (recent figures around $6.1–6.6B).
The largest spot Ethereum ETF.
Grayscale Bitcoin Mini Trust ETF (BTC) — Grayscale AUM: Approximately $3.5–3.7 billion.
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