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BitcoinStu | 3 months ago (raw) | root | parent | reply | flag +2 
 They are a productivity multiplier.  Asking why we need them is like asking why we need steam power when we already have all these horses.

Wisdom?  The LLMs I use have more wisdom than most of the humans I know.  

As far as fixing the global monetary system, we'll see.  I have high hopes for Bitcoin but it hasn't done it yet.
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śatosha | 3 months ago (raw) | root | parent | reply | flag 
 if we were horses , we sure won't like steam engines :-) 

jokes apart - productivity enhancers  - that is a huge dimming down of narrative .. earlier promises were  bigger than going to Mars 😉 ..

and if they are only "productivity enhancers " .. how do we justify 316,000 % increase in stock price !
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BitcoinStu | 3 months ago (raw) | root | parent | reply | flag 
 I would guess the horses were thrilled to get unhitched from the plow.  As far as the narrative, yes I agree many people think that what is a breakthrough is going to immediately lead to super intelligence and AGI, which to me is like getting steam power and saying "Ok only a little time until we have cold fusion".  That's not how it works.

The increase in stock price is obviously a giant monetary premium from people trying to find somewhere to park their money that protects it from debasement.

That said, the national defense implications of those chips is substantial.  It is overpriced?  Well based on earnings you would have to think yes, it is.

I certainly don't own it.  But I understand why so many people do.