Yes, theoretically. Would be a 100 year step backwards, though.

Crypto is a zero-sum game. (If you neglect mining cost, otherwise it’s negative sum). You can get rich with crypto, but the expectation is that for every dollar you put in, you get a dollar out. It’s mathematically impossible for every bitcoiner to make a profit 📈.

Thanks

LW? Less Wrong? What does LW mean?

You can’t argue with the correctness of his statement. You need other arguments. These arguments exist.

Here’s a counterargument: The resources wouldn’t be scarce if his company didn’t buy all of it for exetremely questionable gain. (Three years into the bubble, and AI compute is still being sold at a subsidized rate. You’d think if enough genuine demand existed to justify the buildout, you’d have to pay dearly for any AI use.

I’d pick the onion, because it’s the only one there I’ve eaten before.