“But it also takes a lot of energy to train a human,” Altman said. “It takes like 20 years of life and all of the food you eat during that time before you get smart. And not only that, it took the very widespread evolution of the 100 billion people that have ever lived and learned not to get eaten by predators and learned how to figure out science and whatever, to produce you.”
So in his view, the fair comparison is, “If you ask ChatGPT a question, how much energy does it take once its model is trained to answer that question versus a human? And probably, AI has already caught up on an energy efficiency basis, measured that way.”
The problem was that things started breaking at scale under the gold standard. The great depression happened under the gold standard, and financial institutions had no ability to do anything to fix the mass hysteria.
Yes, the house as an investment vehicle rather than a house is a problem, but it’s not because of fiat currency per se. The population density increasing under a capitalistic system pretty much guarantees that housing becomes a speculative asset regardless of the specifics of the currency system.
Meanwhile BTC has been wildly unpredictable and when it’s at its most hyped, massively deflationary which is also a terrible thing.