> “Most people in the cryptocurrency space, with the intention of making everyone use it, with the intention of promoting it, end up making a very serious mistake,” Lopes said, “and that is to expose themselves.”
The endless promotion is required to keep the price going up, as it’s effectively a collectibles market and they need people to want to buy more.
I assume the biggest players will delegate their risk to others they pay to promote it for them.
I still think the entire space is silly and should go to 0. The masses don’t want it. It’s a small bunch of people who got involved early who will never shut up about it. It seems their path to success is starting to become their downfall.
OutOfHere•6mo ago
You're making extended assertions about cryptocurrencies that are unqualified, complete nonsense, deceptive, and misleading. Being how off-topic they are, they do not even merit a retort.
The simple change that can come is that the promotions can be anonymized, potentially AI generated, not linked to any identifiable individual.
bediger4000•6mo ago
Human cryptocurrency promoters already have a used car salesman vibe, just really bad. I hesitate to imagine how weird and bad an AI cryptocurrency promoter would be. I think an anonymous crypto promoter would be a non-starter, too, because they'd start out with even greater credibility deficit.
OutOfHere•6mo ago
There are many ways of promoting something, several of which do not require disclosing one's identity. Imagine you were buying a vacuum cleaner -- why would you care who the promoter is?
Credibility comes from the quality of information shared and from the accuracy of one's predictions over time. In fact, the more powerful someone is, the more they have an incentive to lie.
al_borland•6mo ago
Anonymous and AI promotion spam is not going to do anything to help legitimize cryptocurrencies. If anything it will push it further to the fringe and make the public shift from indifferent/confused to outside hatred of it.
Why would a normal person trust a fake salesman (AI) pushing fake money (crypto)?
I can only assume you’re very deep down the rabbit hole if this idea is making sense.
If the argument is that the AI will be so good the people won’t know it’s AI, then one might ask why you’d feel the need to mislead your customers? None of this sounds like a good honest business.
OutOfHere•6mo ago
Money is what people choose to put value in as a means of exchange, and cryptocurrencies meet this requirement since they can be exchanged for alternate forms of money if not directly for goods and services. This makes them entirely real, at least for the larger ones that carry value in a liquid market.
Promotions should be judged on the basis of how well they logically convey claims, on how well they make the picture fit, and on their historical accuracy, not on the basis of who or what is making them. As a case in point, the vast majority of users on this forum are anonymous, and yet we place value in the logic of their points, not as much in who is saying them.
There was never an argument made to mislead anyone using AI or otherwise, or even to pass AI as a real person. The misleading arguments and dishonesty are entirely your own.
al_borland•6mo ago
The endless promotion is required to keep the price going up, as it’s effectively a collectibles market and they need people to want to buy more.
I assume the biggest players will delegate their risk to others they pay to promote it for them.
I still think the entire space is silly and should go to 0. The masses don’t want it. It’s a small bunch of people who got involved early who will never shut up about it. It seems their path to success is starting to become their downfall.
OutOfHere•6mo ago
The simple change that can come is that the promotions can be anonymized, potentially AI generated, not linked to any identifiable individual.
bediger4000•6mo ago
OutOfHere•6mo ago
Credibility comes from the quality of information shared and from the accuracy of one's predictions over time. In fact, the more powerful someone is, the more they have an incentive to lie.
al_borland•6mo ago
Why would a normal person trust a fake salesman (AI) pushing fake money (crypto)?
I can only assume you’re very deep down the rabbit hole if this idea is making sense.
If the argument is that the AI will be so good the people won’t know it’s AI, then one might ask why you’d feel the need to mislead your customers? None of this sounds like a good honest business.
OutOfHere•6mo ago
Promotions should be judged on the basis of how well they logically convey claims, on how well they make the picture fit, and on their historical accuracy, not on the basis of who or what is making them. As a case in point, the vast majority of users on this forum are anonymous, and yet we place value in the logic of their points, not as much in who is saying them.
There was never an argument made to mislead anyone using AI or otherwise, or even to pass AI as a real person. The misleading arguments and dishonesty are entirely your own.