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Comment by xyst | Hacker News Reader

The crypto craze stole our energy to validate digital currency transactions on the blockchain.

Now the AI craze stole our code and collective knowledge to ultimately train their models, and hopefully replace SWEs and other knowledge based fields (ie, medicine).

At least with blockchain, some people got rich. But with the AI craze the only people getting rich are the rich themselves.

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> At least with blockchain, some people got rich.

But plenty more lost money or went bankrupt. The one’s who got rich did so at the expense of other non-rich people.

> But plenty more lost money or went bankrupt. The one’s who got rich did so at the expense of other non-rich people.

[citation needed]

Logical reasoning is still a valuable tool.

Where else would the money have come from?

I got "rich" also, but I've never speculated, and TBH I've sold, and spent, more spent than sold at all kind of valuations, and most of the riches are still unrealized, so, sorry if I doubt what you say.

https://en.wikipedia.org/wiki/Cryptocurrency_and_crime#notab...

https://en.wikipedia.org/wiki/Bankruptcy_of_FTX

https://en.wikipedia.org/wiki/OneCoin

https://en.wikipedia.org/wiki/Bitconnect

Etc.

LOL what about the amounts the banks and bankers stole from us in the last decade and a half? Why don't you complain about that also? I'm sure it dwarfs whatever scammers have stolen in crypto. But you guys hate that you missed your chance. But it's never too late. You can still invest. It's not over yet. You can't teach me anything at all about the world of crypto, believe me. I'm one of the MtGox creditors, and that has been going on for 10 years now

https://en.wikipedia.org/wiki/Whataboutism

https://en.wikipedia.org/wiki/Moving_the_goalposts

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