19,213 karma · joined April 10, 2009
blog: https://omarabid.com
building: https://codeinput.com - tools for developers
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The world is now a closed club of aging incumbents, circled by middle powers, developing countries, and failing states.
At this point, the best is a 2-multi-sig solution where one is some hardware wallet and the second is an iPhone app wallet where the seed is stored digitally only. So even if your offline seed is compromised, you are still covered.
How can they not proceed. They are making money doing nothing and have no moral boundaries. And now we find out they have no legal boundaries either.
But after 2 decades for a financial account, I'd assume any recovery as a gift rather than a right.
You'd not be amazed by seeing a 2 sentences prompt and thus you are not amazed by this work either.
They are draining/milking the cow. At some point, they had significant value in quick information transmission when the internet and smart phones weren't really a thing. But now the only advantage is chargebacks/refunds which coincidentally, the experience there is being made shittier.
Still, not worth the 3-5% premium. Glad many merchants are starting to charge for credit card use and push back.
Also, I don't see the connection to Germany?
Honestly, who is in charge of this? How do people even subscribe and make sense of any of this?
Sure. Issue is, no one is providing on how much it actually costs to burn these tokens. And as we don't know, we can only speculate.
> Many say that, but I sincerely doubt they'd actually follow through.
I have a $100 open ai sub and I track my token usage. Last month I spent roughly $2.600 in equivalent API usage. There is no way am paying that. I let my $100 sub lapse if next month I'll be using it less.
Look, I am not saying that there isn't a potential value out there. But the cost has to be bounded. If your opportunity is $1.000 and AI costs $2.000 to execute it, then you don't have a business model here.
When you're running something at a loss, you can mistreat your customers and they'll still stick around (I'm an example). OpenAI and Anthropic are now cheaper than Chinese models on subscriptions, while being 6-10x more expensive on the API.
My guess is they need the user numbers for the IPO and are willing to take a temporary loss in the meantime. By the time they go public, they'll either drop the subscription model or it'll turn into what the Chinese providers already offer: basically just a cap on how much API you can consume. Same same.
It's not clear what API tokens actually cost them, but I looked into running a local model, and it's way outside the budget of an individual or even a small or medium business (hundreds of thousands of dollars). So my guess is that running these models economically isn't possible, even if they're delivering real business value (coding, research, etc.). In other words, at API prices I'd just stop using AI, and I suspect most other developers would too.