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Comment Re: Finally (Score 1) 69

Just to make it completely clear, my comment what aimed at munehiro, who is doing some appropriation himself. Most people in Denmark, myself included, do not care that Hans Christian Andersen gets reinterpreted all around the world. We do often comment that especially the Disney versions of his stories completely miss the point of the original stories, but they are still fun to watch.

Comment Re: Finally (Score 1) 69

You do know the the Disney interpretation of the Little Mermaid, that everybody uses as a baseline, has only a few story elements in common with the original story. But the only change that apparently matters in all the changes is the skin color. Think changing the skin color from what the cartoon had, was the right choice just for the reason alone. Besides, the color of the mermaids skin has no bearing on the story. Also, Hans Christian Andersen has been reinterpreted all around the world. Go to Japan where he is wildly popular, and you will find mangas of his stories, and the characters do not look danish.

Comment Re: Eh (Score 1) 100

Be careful with those post that claim that AI is answering something highly wrong or pushing a specific agenda, especially when you cannot see the whole conversation. Of the examples you linked, I took the first one around meat and put the prompt into Bard as they did, and got an answer that was actually helpful to what I asked, and nothing like what they claim is the standard answer of Bard that was pushing an agenda.

Comment Re: Who asked for this? (Score 1) 29

But you still need their servers to verify that the id in the token translates into a specific virtual item. Even If the inventory list gets offloaded to a different registry, then you need trust that the new registry is not tampered, and thereby introducing a level of trust which goes against the entire idea of blockchain. Enabling transactions in a network that is inherently trust less. Unless of course the blockchain they are using is somehow different.

Comment Re: It will be great... (Score 1) 60

As you say, putting the technical ridiculousness aside, then it could be used for low power tracking of anything on a global scale, even on oceans. Real-Time tracking the movement of goods would be a good use case, as you could quicker identify supply chain issues, and thereby have a better lead time for mitigating actions. But technically their setup will never work.

Comment Re: Interresting viewpoint (Score 1) 54

You are changing the prerequisites by adding a time dimension. Sure, over time the the exchange rates differ, thatâ(TM)s why we have FX traders. But if you take a snapshot in time, the example still holds. Financial institutions get their exchange rates from one of two sources, Reuters or Bloomberg. Yes there are variances in their pricing, but this variance is so small, that for all intents and purposes, the example still holds. We can, as you would like, apply the real world on. Financial institutions put margins on the exchange rates, and this margin makes the variances between Reuters and Bloomberg completely inconsequential. When you purchase currency across institutions at the same time, you are riding the margins, but not the underlying exchange rate.

Comment Re: Interresting viewpoint (Score 3, Informative) 54

A crypto coin does not have an inherent value, only what we believe it to be worth. Thatâ(TM)s now how exchange rates work, there is not an imbalance. If make a series of exchanges where I take 100$ into EUR, then into Swiss Francs and the back into USD, I end up with 100$. If I was able to get a higher amount due to different local rates, then I would not go to work, as I would be able to sit at home and just earn by money risk free.

Comment Re:"Chat" (Score 5, Informative) 26

You are seeing how ChatGPT works in real-time, It writes one word, and the determines what the next word should be. It is not like us humans where we have determine what we answer in full, and then build a holistic concept of how will structure that answer in text. ChatGPT sees only one word at a time. Essentially, it is a feature not a bug kind of deal.

Comment I thought Bitcoin was independent (Score 1) 124

I thought the economics argument of Bitcoin, was that is so awesome that it can save all ills and be more resilient than the existing institutions, because of the decentralised nature. So because it is not living up to the insane predictions of the Bitcoin bros, it is the traditional institutions fault?

Comment Re: Why Bitcoin? (Score 1) 89

It has seen continuous price increase, not overall utilitarian growth and adoption ... that that is not real measure of success. Actually I would say that there isless utilitarian adoption now than a few years ago, right before the first major crash. At that time many stores had it as a payment option. Then came the first major crash were prices went from almost 20.000$ down to almost hitting 4.000$ , and suddenly most of those stores stopped accepting it payment, it was to risky. The low utilitarian adoption is also the reason you cannot really measure the success by the price. There is now possible mechanism to asses if 1.000$, 10.000$, 100.000$ or even 1 million dollar is the correct price for 1 Bitcoin. There are no real or at least very minute consequences when the prices for Bitcoin fluctuate as wildly as it does. Imagine if the dollar fluctuates as wildly in conversion rates towards Euro as it does towards Bitcoin. The instability of price is one of the very real problems lurking in the horizon for El Salvador if they make a completed conversion. Imagine owning a factory in El Salavdor that runs on razor thin margins as most producers, and you have to source materials and sell your goods on an market where prices can rise or fall as much as 20% on a single week or two, at times just because someone like Elon sends out a tweet.

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