I’m excited because I think AI will break down and erode proprietary file formats, for ultimate portability between different software providers. That for me is a game changer in how software is used, and opens up real competition and innovation. Thats not anything as grand as the AGI these founders keep vaporwaring, but I think it will still be substantial.

Agree to disagree, I think it opens up the doors to average people making large projects that would have never been possible before. Children will love making videos just as I loved online flash animations and using 3d Movie Maker growing up, the doomerism is astounding when companies like Disney have grown so fat and garish.

Again taxi companies are already gouging us and this is the reality you are trying to save us from, Taxi companies also provide a crap service. I find Uber a far better service.

What ledger’less crypto has enough trade volume to absorb the proceeds of crime? I assumed it meant something with some actual trade volume like Bitcoin.

Its like 10 joints worth. A heroic dose.

Is this fingergate?

Its when your house is still a mess but you spent the last 3 hours sweeping.

That’s ruining the restaurants industry

What else is there to do there?

The plagiarism machine is eroding any moat a company like Disney has for gatekeeping media, the way its going a tiny group of people can replace a studio. This will usher in an era of free media and allow a real culture to develop that a for-profit corporation could never create.

The cab company alternative was a taxi, which was a government granted monopoly known for having extortionate prices.

Using a public ledger that can be tied directly to a person is an awfully silly way to hide a crime, exchanging cash or some other untraceable medium of exchange is far safer.

Hotels I can agree with, but only because zoning laws prevent density from forming automatically when theres more demand for scarce real estate. Its really only a problem due to municipal zoning laws which are the main cause of rising home values.

I knew about them excluding shelter from the CPI in the late 80s, as Volcker raising rates was raising shelter inflation in a feed back loop, and this untethered the CPI from reality. I’d not heard about them goosing the unemployment numbers.

Did they clear up those China allegations?

Do they need to provide a back door?

I think it was when the gold standard ended, and poverty was rampant as all the debt unwound. Black unemployment was 30%.