ChatGPT hit 100 million users in two months (previous record was TikTok in nine). It’s currently estimated to be at least double that…
In less than two years.
Coinbase has been around since 2012 and has roughly 100 million users.
Yes ChatGPT is free but let’s not kid ourselves - most Coinbase users are on the platform essentially gambling with the hopes of making money. Get rich quick is an extremely powerful motivator…
In terms of actual usage, do some basic analysis of on chain activity for the top X crypto whatever. You’ll quickly discover usage is comically low outside of what is clearly trading and a tiny number of hardcore cryptocurrency nerds swapping around whatever for who knows what use cases.
People are generally good about figuring out what is useful to them, what improves their lives, and what they enjoy. 15 years after the advent of bitcoin the use cases for mass adoption (and therefore users) just aren’t there.
Crypto tech can be interesting but it’s just that - interesting. I have at least a dozen wallets on various chains, I’ve written smart contracts, etc. I can honestly say the entire thing could disappear tomorrow and I wouldn’t know the difference. Other than one friend at a Cardano-related startup I don’t know anyone else who would notice either.
ChatGPT alone, meanwhile, would be a loss I and everyone I know would feel immediately - and that’s just ChatGPT.
Both are bad for the environment, what is your point?
Let me guess you're part of "AI is useful even though we need the compute to burn the planet" crowd.
And on crypto itself:
Crypto cannot ever be used as a currency, we have been over this for 15 years.
They are all too volatile, we have seen that stablecoins like USDT, USDC and the rest of them are at best dubiously not audited and at worst an 'algorithmic stablecoin' scam like LUNA, the tech is entirely bad.
Sure speculation and the rest of it are the main use case of crypto, but let sleeping dogs lie with this bad idea the author is proposing and not use bad ideas coming from crypto which is an even worse system, to fix problems in the current financial system.
