Category: Chain of Thought
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Selling Bitcoin is like playing in a ‘bad house-rate casino’ — Adam Back
Adam Back compares selling Bitcoin to gambling in a rigged casino, noting its volatility but long-term exponential growth. He highlights institutional adoption and government interest as bullish signals.
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Michael Saylor Explains Why On-Chain Proof-of-Reserves Are a Bad Idea
Michael Saylor warns that on-chain proof-of-reserves poses security risks and offers incomplete transparency, suggesting better accountability solutions for financial stability.
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We interviewed GPT-3 in 2022 before ChatGPT. Here’s what it got right (and so very wrong)
The article compares GPT-3’s 2022 predictions about Bitcoin and AI with current realities, highlighting its accurate insights on blockchain-AI intersections but noting flaws like hallucinations and outdated data.
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Ethereum Leader Vitalik Buterin Reflects on Ethereum’s Role as Cash – Crypto News Bitcoin News
Vitalik Buterin emphasizes Ethereum’s potential to replace cash, highlighting the need for privacy and resilience in modern payment systems as physical money declines.
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Rich Dad Poor Dad Author Says Hyperinflation Has Arrived, Predicts ‘Millions, Young and Old’ To Be Wiped Out Financially – The Daily Hodl
Robert Kiyosaki warns of hyperinflation due to lack of demand for US bonds, predicting financial devastation. He recommends gold, silver, and Bitcoin as hedges, with BTC potentially reaching $1 million.
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Saylor Responds To Bitcoin Proof Of Reserves, Shocks Everyone
Michael Saylor critiques Bitcoin proof-of-reserves, calling it dangerous and insufficient due to lack of liability transparency, arguing it exposes institutions to security risks and fails to ensure solvency.
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“XRP Has No Issuer”, Ripple CTO Slams Bitcoin Maxis Over XRPL Decentralisation
Ripple CTO David Schwartz clarifies XRPL decentralization, stating XRP has no issuer and all tokens were created at inception, distinguishing it from other blockchains amid growing interest in crypto reserves.
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Saylor says onchain proof-of-reserves a ‘bad idea’ due to security risks
Michael Saylor criticizes onchain proof-of-reserves as insecure, arguing it exposes institutions to risks. He believes it undermines security and is irrelevant without audited liabilities, despite industry adoption post-FTX.
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AI needs better human data, not bigger models
The article argues that AI’s future relies on better human-curated data and expert oversight, not larger models, to avoid bias and ensure relevance.
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Bitcoin Has Made Getting Rich So Easy, Says Robert Kiyosaki
Robert Kiyosaki claims Bitcoin offers an easy path to wealth, urging people to invest before it enters the ‘banana zone’ of rapid price increases. He emphasizes obeying monetary laws by investing in assets like BTC, gold, and silver.
