This seems to be the consensus doomer take.
And it is compelling.
But I feel like with every major technological advancement ppl say the same thing.
The internet was going to collapse society too.
There was always a few camps.
It's the end of the world, it's a fad, or it's going to change everything for the better.
Every single time, the people who adapted early won.
The people who freak out get left behind.
AI is gonna  change the game, but it's not going to end it.
It'll just change how it's played.

Hey, what do you think will happen to the housing market when tens of millions of upper middle class white collar workers lose their high paying jobs and can no longer afford to pay their mortgages anymore?

Jake Broe

Twitter

Author: Xie Zhaoqing, Tencent Finance "Deep Dive" The cryptocurrency market has given back all the gains brought by Trump's inauguration, experiencing an epic crash that has brought back the word "risk," temporarily forgotten by greed, to stare at all investors with its most menacing face.

Over the past week, Bitcoin experienced its biggest weekly drop in three years. February 5th was an unexpected day for crypto market investors: Bitcoin fell by 13%, marking its largest single-day drop since June 2022, and briefly dipped below $61,000 in the early hours of February 6th.

In this sharp correction...

Cryptocurrency Crash: Veteran Crypto Yi Lihua Loses $700 Million in a Week

Bitcoin mining difficulty has plummeted to its lowest level since 2021. Photo: DL News
Bitcoin's mining difficulty decreased by 11.16% over the weekend, to 125.86 trillion Hash, according to data from Mempool. This is the...

Bitcoin mining difficulty plummets, the sharpest drop since 2021.

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...

The day CZ missed his best investment, Crypto missed out on AI.

AI could never come up with a term like Jeestergooning

100%. We naturally always go to the doom and gloom takes. The reality is we had a lot of useless white collar jobs, we'll know double the amount of blue collar jobs we have and create new jobs that didn't exist before AI. Remember when Bitcoin was going to replace banks?