Flame me all you want, but this is one case where Bitcoin is much more useful than LLM. If it doesn't create value, as its naysayers claim, at least it allows exchanging value. LLMs on the other hand, burn electricity to actively destroy the Internet's value, for the profit of inept and greedy drones.
That's why I created EtherGPT, an LLM Chat agent that runs decentralized in the Ether blockchain, on smart contracts only, to make sure that value is created and rewards directly the people and not big companies.
By providing it just a fraction of just a bit north of 10% of the current fusion reactions occuring in our sun, and giving it a decade or two on processing time and sync, you can ask it simple questions like "what do dogs do when you're not around" and it will come up with helpful answers like "they go to work in an office" or funny ones like "you should park your car in direct sunlight so that your dog can recharge its phone using solar panels".
I've seen things that are wildly hobbled, and wildly inaccurate. I've seen endless companies running around, trying to improve on things. I've seen people looking in wonder at LLMs making mistakes 2 year olds don't.
Most LLM usage seems to be in two categories. Replace people's jobs with wildly inaccurate and massively broken output, or trick people into doing things.
I'd have to say Bitcoin is far more useful than LLMs. You have to add the pluses, and subtract the minuses, and in that view, LLMs are -1 billion, and bitcoin is maybe a 1 or 2.
bitcoin is only negative. It consumes terrawatts of energy for nothing.
That field has made a leap forward with LLMs.
Positive impact on society includes automated extraction in healthcare pipelines.
What?! Whole industries have been changed already due to products based on them. I don't think there's a single developer who is not using AI to get help while coding, and if you aren't, sorry but you're just missing out, it's not perfect but it doesn't need to be. It just needs to be better than StackOverflow and googling around for the docs or how to do things and ending up in dubious sites, and it absolutely is.
My wife is a researcher and has to read LOTS of papers. Letting AI summarize it has made her enormously more efficient at filtering out what she needs to go into more detail.
Generating relevant images for blog posts is now so easy to do (you may not like it, but as an author who used to use irrelevant photos before instead, I love it when you use it tastefully).
Seriously, I can't even believe someone in 2024 can say there has not been useful applications of LLMs (almost all AI now is based on LLMs as far as I know) with a straight face.
Bitcoin consumes as much energy as a country and has basically done nothing besides moving money from one group of people to a random other group of people.
And bitcoin is also motivated to find the cheapest energy independent of any ethical reasoning (taking energy from cheap chinese hydro and disrupting local energy networks) while AI will have energy from the richest companies in the world (ms, google, etc.) which already working on co2 neutral 24/7.
[0] https://www.jhuapl.edu/news/news-releases/230503-ai-discover...
It's continuing to widen the wealth gap as it is.
We house, heat and give access to knowledge to a lot more people than ever before.
Cheap medical procedures through AI will help us all. The AI which will be able to analyse the x-ray picture from some 3th world country? It only needs a basic x-ray machine and some internet. The AI will be able to tell you what you have.
I'm also convinced that if AGI is happening in the next 10 years, it will affect that many people that our society has to discuss capitalisms future.
For example alphafold: Protein folding. It is also now used in fusion reactor plasma control
LLMs deliver value. Right here today, to countless people across countless jobs. Sure, some of that is marketing, but that's not LLM's fault - marketing is what it always has been, it's just people waking up from their Stockholm syndrome. You've always been screwed over by marketers, and Internet has already been destroyed by adtech. Adding AI into the mix doesn't change anything, except maybe that some of the jobs in this space will go away, which for once I say - good riddance. There are more honest forms of gainful employment.
LLMs, for all their costs, don't burn energy superlinearly. More important, for LLMs, just like for fiat money, and about everything else other than crypto, burning electricity is a cost, upkeep, that is being aggressively minimized. More efficient LLMs benefit everyone involved. More efficient crypto just stops working, because inefficient waste is fundamental to cryptos' mathematical guarantees.
Anyway, comparing crypto and LLMs is dumb. The only connection is that they both eat GPUs and their novelty periods were close together in time. But they're fundamentally different, and the hypes surrounding them are fundamentally different too. I'd say that "AI hype" is more like the dot-com bubble: sure, lots of grifters lost their money, but who cares. Technology was good; the bubble cleared out nonsense and grift around it.
Value is a subjective concept. One could argue that its value is that arbitrary quantities of it cannot be created by dictat.
> - to be able to allow exchanging value, it fundamentally requires ever increasing waste, as the waste is what gives its mathematical guarantees.
One could argue that it takes a lot worse to maintain any currency such as USD as a currency. Full force of government law enforcement will be unleashed on you if you decide to have your own currency. There is a lot of "wastage" that goes to safeguard currency creation and storage and to prevent counterfeiting.
I do not hold BTC. Nor do I trade it. But to discuss as if other currencies have no cost is not rational.
Yes. But the point I'm making is, none of that benefits from waste. The waste is something everyone want to reduce. With Bitcoin, the trend is uniquely opposite, because the crypto system is secured through aggregate waste being way larger than any actor or group can afford.
Bitcoin doesn't solve any problem yet which is fundamental to our society and a fiat system like the trust issue:
If i exchange 1 bitcoin with you for any service or thing outside of the blockchain, i need the whole proof of stack system protection of our normal existing money infrastructure like lawyers, contracts etc.
And no smart contracts do not solve this issue.
What is left? Small amount of transactions per day with high fees 'but' decentralized infrastructure run by someone we all don't know aggregated probably in data centers owned by big companies.
This is pure, complacent nonsense. "We have always been surrounded with spam, 10x more won't change anything."
Yeah, why improve the status quo? Why improve the world? Why recycle when there's a big patch of plastic in the ocean.
It's an argument based on a nonsensical, cynical if not greedy position. "Everyone pollutes, so a little more pollution won't be noticed."
* the VCs are often literally the same guys pivoting
* the promoters are often literally the same guys pivoting
* AI's excuses for the ghastly electricity consumption are often literally bitcoin excuses
I think that's an excellent start on the comparison being valid.
Like, I've covered crypto skeptically for years and I was struck by just how similar the things to be said about the AI grifters were, and my readers have concurred.
