The more I look into crypto, I just can't believe this shyt is as popular as it is. When this bubble burst, whats gonna happen to the financial system

[cyndaquil]

They want people to believe that a Qubit can exist in 2 states (superposition) 1 and 0. That's illogical. Basically the whole idea of quantum computers is based off Qubits being able to function in 2 states so they can solve problems faster. People who are investing money into quantum computers are being scamed. It's all hype just like A.I.

my goodness. There are academic peer reviewed papers on quantum computing and you are saying the concept itself is a scam?
As per usual thecoli bout to be wrong. A.I. isn't hype. Quantum computing isn't hype. They wil develop and be absorbed into the technology sector like every other advancement before them.

 

[Scustin Bieburr]

Of course it's a scam. If you look deeply at wall street itself you begin to realize just how much of our economy is built on bullshyt.

For example:
A company is legally allowed to buy its own stock.

So what they do is they fire hundreds of workers, take the money they would have paid those workers, then use it to buy back their own stock and pay dividends to share holders.

The company has produced nothing but the stock has jumped in value and investors have been given a reason to keep investing to get heavier dividends.

They can then hire a bunch of people with some of the extra money they got from the bull run and then do it again.

This is legal and companies spend a lot of money making sure it stays that way.

A lot of people will get mad at you if you say it but AI is a scam too. Note how there has been no popular consumer product released that requires AI to function. Everyone that has tried(rabbit, humane pin) has crashed and burned. The best they can do is try to shoehorn it into shyt you already use like siri or Google. They sell that shyt with the desperation of a crack addict trying to push stolen goods on you. There's a desperation to make this thing a success and profitable, because if not, they'll have wasted an insane amount of money and not gotten nearly enough profit to justify that investment.

 

[Problematic Pat]

it's not quite that simple. it's not quite in both states as it is in neither of the two states uniquely until decoherence.

you don't believe in superposition?

Superposition was based off Schrodingers Catin the Black box being both dead and alive at the same time. You can't prove a Qubit is both those numbers simultaneously without observing it because the moment you do it collapses.

 

[Eternally Jaded]

When I think about how much money defi alone has put into people's pockets, the scam calls just make me laugh.

People are out here earning thousands of dollars worth of crypto just providing liquidity for some projects.

Dude asks about tether... it's not gonna fail because the entire world at large has brought into crypto.

Same thing holding the dollar up is what holds up btc.

Trust.

 

[Problematic Pat]

my goodness. There are academic peer reviewed papers on quantum computing and you are saying the concept itself is a scam?
As per usual thecoli bout to be wrong. A.I. isn't hype. Quantum computing isn't hype. They wil develop and be absorbed into the technology sector like every other advancement before them.

And those papers will one day land on RetractionWatch like a lot of "peer reviewed" scientific papers have.

 

[In The Zone '98]

Of course it's a scam. If you look deeply at wall street itself you begin to realize just how much of our economy is built on bullshyt.

For example:
A company is legally allowed to buy its own stock.

So what they do is they fire hundreds of workers, take the money they would have paid those workers, then use it to buy back their own stock and pay dividends to share holders.

The company has produced nothing but the stock has jumped in value and investors have been given a reason to keep investing to get heavier dividends.

They can then hire a bunch of people with some of the extra money they got from the bull run and then do it again.

This is legal and companies spend a lot of money making sure it stays that way.

A lot of people will get mad at you if you say it but AI is a scam too. Note how there has been no popular consumer product released that requires AI to function. Everyone that has tried(rabbit, humane pin) has crashed and burned. The best they can do is try to shoehorn it into shyt you already use like siri or Google. They sell that shyt with the desperation of a crack addict trying to push stolen goods on you. There's a desperation to make this thing a success and profitable, because if not, they'll have wasted an insane amount of money and not gotten nearly enough profit to justify that investment.

Bro, you're literally typing on a glass phone screen, talking about AI is a scam

 

[Scustin Bieburr]

Bro, you're literally typing on a glass phone screen, talking about AI is a scam

The smart phone is a revolution.

AI is being sold to you like it's the next smart phone, but are you paying for chatGPT or Claude? Is it changing your life the way a smartphone with thousands of apps for whatever you need did?

I'm not saying it's useless, but can you name one product that REQUIRES A.I. that makes you think "yeah I'll spend a grip on this. It seems worth it"

 

[Mike Nasty]

Same thing holding the dollar up is what holds up btc.

and what is that thing?

 

[cyndaquil]

Same thing holding the dollar up is what holds up btc.

Trust.

The united states military is backing bitcoin?

 

[cyndaquil]

And those papers will one day land on RetractionWatch like a lot of "peer reviewed" scientific papers have.

I disagree but that's ok

 

[Brolic]

When I think about how much money defi alone has put into people's pockets, the scam calls just make me laugh.

Defi? People made millions off Terra Luna, it was over $100. shyt I put $10k on Anchor protocol. Fortunately I took all of it out right before it crashed. Yea a lot of people made money from these alt coins, but even more probably got left with nothing.

 

[Kornball The Conqueror]

The united states military is backing bitcoin?

the next commander and chief wants to buy some so yes

 

[Whips-n-Chains]

You have to understand that for a lot of the "whales" and for about 95% of the "assets", it's a trading method...a wave to ride, rather than some long term holding strategy. The volatility especially makes it attractive for trading, and if you're a whale you're generally in the know, a market maker yourself, or at least an early adaptor. You ride the waves of the alt coins, meme coins, previously the NFTs, etc. make your money, liquify or maneuver into the next trade.

 

[In The Zone '98]

the next commander and chief wants to buy some so yes

Touche

 

[null]

Superposition was based off Schrodingers Catin the Black box being both dead and alive at the same time.

not realty. the cat is a thought experiment not the foundational basis.

planck did the theo basis IIRC. i need to look it up.

You can't prove a Qubit is both those numbers simultaneously without observing it because the moment you do it collapses.

it's a probability dist. you can demo the dist via repetition.