this post was submitted on 13 Aug 2023
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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] aesthelete@lemmy.world 3 points 1 year ago (1 children)

What’s the underlying mechanism that gives money a value?

A) the government backing it up along with its advanced military

B) the fact that you have to pay taxes in it

[–] RandomlyAssigned@lemmy.world 1 points 1 year ago

Yep, which is why Bitcoin can't last forever without turning into some sort of GovCoin for it to truly replace money