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.::. Chat for local San Francisco area fuzzies .::. Invite Link: https://t.me/sfbayfurs .::. Also join our bigger brother Telegram group, Bay Area Furs! https://t.me/BayFurs

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SF Bay Furs

It’s ok . Great for some general hard questions but I don’t see much value

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SF Bay Furs

Speaking of AI, a nurse asked me for permission for my doctor to use AI for recording of a visit.
Which I absolutely refuse!

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SF Bay Furs

That’s why the whole ouroboros situation is concerning

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SF Bay Furs

So why am I so invested???

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SF Bay Furs

I think we’re 80-90% of the way there

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SF Bay Furs

And the tech market is sinking like a ship right now

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SF Bay Furs

That’s why I’ve always been wary of it

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SF Bay Furs

If they get skittish and pull you sink

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SF Bay Furs

It’s like a casino with Monopoly money lol

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SF Bay Furs

Not the NFT's, Wuff-a-mute!

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SF Bay Furs

bitcoin was seen as valuable by the people who owned most of it, not by some regulatory system.

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SF Bay Furs

It’s why I never understood bitcoin

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SF Bay Furs

Andddd that’s now wishy washy at best

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SF Bay Furs

That’s why the dollar has been the standard till now

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SF Bay Furs

to be fair, legal tender is only worth something because we believe it is.

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SF Bay Furs

Mhmm it’s weird ai companies are trying to stay relevant by getting businesses to shove it in our faces

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SF Bay Furs

35% of the stock market is just ai players handing each other money

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SF Bay Furs

only a tiny fraction of the world's population actually uses it or wants it. there's literally no way for any of these companies to make a ROI.

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SF Bay Furs

CEOs are starting to realize it can’t replace a lot of critical functions

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SF Bay Furs

hopefully we're close to the AI bubble bursting.

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SF Bay Furs

Might as well be putting contracts on stock

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SF Bay Furs

it's worse than monopoly money as there's no physical representation, it's literally all zeros and ones on a computer.

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SF Bay Furs

The biggest issue is the value is largely controlled by the largest holders of bitcoin

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SF Bay Furs

yeah it's not like there's an FDIC with bitcoin. ;D

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SF Bay Furs

The lack of regulation is a double edged sword

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SF Bay Furs

It’s backed to nothing other than the belief it has value lol

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SF Bay Furs

Money is just manufactured belief like religion as a trade-able store of value

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SF Bay Furs

For almost 80 years when a depression, calamity or something hits the world the us has always been dependable that no matter the state of the world they’ll always honor their debts and be transparent

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SF Bay Furs

That’s why currency in countries make more sense it’s backed on the acknowledgement that government will pay what’s owed

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SF Bay Furs

Stupidest thing ever

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