some crypto learned to be efficient, others did not. We still do have crypto-mining botnets. Crypto remains to be useless to humanity and very profitable for few. Same with AI. Same with stock market. Instead of producing something of value we keep on burning through resources while selected few enjoy bonfire others have to fight to stay alive…

not only does he burn through cash, he burns through resources making life worse now for everybody: AI rivals crypto in resource waisting while not contributing at all to any improvements. I fail to see “brighter future” for us through AI as it is energy-intensive, unsustainable endeavor for which we are woefully unprepared both materially (energy efficiency, semiconductor manufacturing/recycling, etc) and psychologically (ethics etc.). Yeah, grand on paper, terrible in reality