Good point on no need to rush, for me I know when I see all the potential in this space it feels more like I need to catch up vs FOMO, but both are creating the same impulsiveness. It's like getting into a new sport and you just want to train all the time.
In the hotel industry they thought they could replace revenue management ppl (pricing strategy/forecasting) with AI/Algorithmic systems a few years back, but it actually proved how important the roles are, how without strategic parameters and constant tweaking, either because of what is happening outside of system knowledge or AI limitations, the system is actually pretty basic and can cause a lot of issues. The combination of the systems and people is good and I think actually elevated the role. Some ppl that "grew up" with these tools already in existence are at a disadvantage though bc of the reliance. I would think the finance ppl would see this faster, it's wild to see that feedback loop is happening. Not surprising though either.
I'm guessing you took the the return and put it back in ETH. If it was me I would leave it bc I would be too stressed that I'd make a mistake hahaha
Yeah there is a certain interconnectedness amongst systems at the most complex levels and at the simplest levels. We dull our perceptions of this interconnectedness as we use AI to assist us. Its a faustian trade off in that we gain so much productivity but lose so much of our connection to whatever it is we are doing. And sometimes that loss of connection can lead to much larger losses in productivity down the line. Its a really hard needle to thread.
As an example, I really can only make about 3 of these posts a week, as it often takes me a few hours to line up my sources, organize my thoughts, write the post, and then proofread. I like to believe that I paint a mostly holistic picture, but if I had an AI churning out charts, graphs, and story outlines for me I could probably churn out several posts a day, but each post would be far more empty and lacking of substance and context than this.
I don't have any financial incentive to make low quality high click through posts, so obviously there is only downside for me to do that. But it makes perfect sense for the Financial Times, Wall St Journal, and Bloomberg to just pump this stuff out. Of course there move to a subscription service is better for aligning incentives, but of course, there ability to generate useful content has already been severely blunted by their reliance on AI and RPM charts to drive ad revenue that I suspect they simply can't retrain or recover, nor can they attract sufficient talent to their writers pool.
I wonder if there might be those in the future that intentionally provide services with no AI assistance intentionally and if such services might even come to be preferred by customers.
You kind of see it with “journalists” already, with independent ppl gaining viewership and trust, frankly it’s part of why I follow your insights and I don’t even know your name but you can tell there’s thought behind it not regurgitation. Already have improved what I’m holding and approach, and some basic understanding why instead of dependence.
No one got the right answer, but you got the closest and were the first. You've been comped an entire years subscription. Will post the answer for everyones benefit in todays post.
Good point on no need to rush, for me I know when I see all the potential in this space it feels more like I need to catch up vs FOMO, but both are creating the same impulsiveness. It's like getting into a new sport and you just want to train all the time.
In the hotel industry they thought they could replace revenue management ppl (pricing strategy/forecasting) with AI/Algorithmic systems a few years back, but it actually proved how important the roles are, how without strategic parameters and constant tweaking, either because of what is happening outside of system knowledge or AI limitations, the system is actually pretty basic and can cause a lot of issues. The combination of the systems and people is good and I think actually elevated the role. Some ppl that "grew up" with these tools already in existence are at a disadvantage though bc of the reliance. I would think the finance ppl would see this faster, it's wild to see that feedback loop is happening. Not surprising though either.
I'm guessing you took the the return and put it back in ETH. If it was me I would leave it bc I would be too stressed that I'd make a mistake hahaha
Yeah there is a certain interconnectedness amongst systems at the most complex levels and at the simplest levels. We dull our perceptions of this interconnectedness as we use AI to assist us. Its a faustian trade off in that we gain so much productivity but lose so much of our connection to whatever it is we are doing. And sometimes that loss of connection can lead to much larger losses in productivity down the line. Its a really hard needle to thread.
As an example, I really can only make about 3 of these posts a week, as it often takes me a few hours to line up my sources, organize my thoughts, write the post, and then proofread. I like to believe that I paint a mostly holistic picture, but if I had an AI churning out charts, graphs, and story outlines for me I could probably churn out several posts a day, but each post would be far more empty and lacking of substance and context than this.
I don't have any financial incentive to make low quality high click through posts, so obviously there is only downside for me to do that. But it makes perfect sense for the Financial Times, Wall St Journal, and Bloomberg to just pump this stuff out. Of course there move to a subscription service is better for aligning incentives, but of course, there ability to generate useful content has already been severely blunted by their reliance on AI and RPM charts to drive ad revenue that I suspect they simply can't retrain or recover, nor can they attract sufficient talent to their writers pool.
I wonder if there might be those in the future that intentionally provide services with no AI assistance intentionally and if such services might even come to be preferred by customers.
You kind of see it with “journalists” already, with independent ppl gaining viewership and trust, frankly it’s part of why I follow your insights and I don’t even know your name but you can tell there’s thought behind it not regurgitation. Already have improved what I’m holding and approach, and some basic understanding why instead of dependence.
Faustian - nice.
sell all and put back into eth
Return 1/4 to ETH long term hold, return 1/4 to ETH and look for a new project to deploy into, keep 1/2 in CFT risk free
return 1/2 to eth, doubled initial investment! bag secured and off the table. Sell an additional 1/4 and wait for correction to buy back in.
Answer: Sell 1/2, put 1/4 in your pocket, 1/4 back into ETH
No one got the right answer, but you got the closest and were the first. You've been comped an entire years subscription. Will post the answer for everyones benefit in todays post.
Based. Thanks FC!