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RE: How AI Is Skewing Out Of Date Metrics Like GDP Even Further

in LeoFinance9 months ago

Like I said on the space, I wouldn't bundle AI with web 3 as is far from being decentralized and immutable ownership of data. Also I think it's as over the top as metaverse was at some point or IoT or 5G or Blockchain.

AI might come and go and most of the world will remain the same, same way governments remained the same after Blockchain and FIAT still circulating and stores are still being built. Did it affect them? Sure... Did they disappeared, far from it.

Restaurants still having grand openings, people still go to work off line, most of us at least. And Meta should be called Whatsapp as most of the traffic on Facebook still coming from messaging.

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Maybe but history disputes what you are alluding to. We exited a cycle where change, from a societal level, was not that great. Technology always goes forward, but its impact is cyclical.

The last 20 year phase where society was impacted saw a massive different in how we worked, we entertained, and even space exploration.

I didn't say there would be zero changes; rather, I believe those changes have been exaggerated. If you consider the past 20 years, they appear quite similar to what we saw in 'Back to the Future', featuring concepts like flying cars, self-tying shoes, and hoverboards – none of which materialized. In fact, compared to the '90s, our lives haven't changed significantly despite being two generations removed from that era. While certain elements such as headphone designs, cassette players, and bus engines have evolved, their core functions remain essentially unaltered

That is what I was saying. You have been in a 20 year down cycle. Nobody in 2000 said that life had not changed much since 1980. That 20 year cycle saw huge changes. In 1980, there werent even copy machines in most offices let alone computers.

Hence I stand by what I said. By 2040, we will look back at 2020 and realize how things have changed completely.