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#Cryptos To Invest In 2023
frontendgyan · 2 years
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earning9999 · 1 year
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Best online earning 2023 crypto currency
Crypto Earning 2023
Bestf2023 crypto currency
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Cryptocurrency Mining: If you have the technical knowledge and access to specialized hardware, you can mine cryptocurrencies like Bitcoin or Ethereum. Mining involves solving complex mathematical problems to validate transactions on the blockchain and earn rewards in the form of cryptocurrencies.
Cryptocurrency Trading: Trading cryptocurrencies on various exchanges can be a way to earn profits. It requires understanding market trends, performing analysis, and making informed trading decisions. However, please note that trading involves risks, and it's important to do thorough research and exercise caution.
Staking: Some cryptocurrencies offer staking opportunities where you can lock up your coins to support the network's operations and earn rewards in return. Staking typically requires holding a specific cryptocurrency in a compatible wallet or platform.
Crypto Affiliate Programs: Many cryptocurrency exchanges and platforms offer affiliate programs that allow you to earn commissions by referring new users. If you have a website, blog, or social media following, you can promote these platforms and earn rewards when people sign up through your referral links.
Microtasks and Freelancing: Some platforms offer opportunities to earn cryptocurrencies by completing microtasks or freelancing jobs. These tasks could include participating in surveys, testing websites or applications, or providing services in exchange for cryptocurrencies.
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jcmarchi · 9 months
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Bitcoin Now At 21-Month Highs - Technology Org
New Post has been published on https://thedigitalinsider.com/bitcoin-now-at-21-month-highs-technology-org/
Bitcoin Now At 21-Month Highs - Technology Org
Bitcoin surged beyond $45,000 on the first day of the new year, reaching a level not seen since April 2022.
Bitcoin. Image credit: MichaelWuensch via Pixabay, CC0 Public Domain
The world’s largest cryptocurrency recorded a remarkable 156% gain in 2023. Bitcoin hit a 21-month high of $45,922 before settling at $45,509, marking a 3.1% increase. Despite this impressive performance, it is still a significant distance from its all-time high of $69,000 achieved in November 2021.
On Tuesday, the second-largest cryptocurrency, Ether, saw a 1.2% increase, reaching $2,386.50, following a notable 91% surge in 2023.
Cryptocurrency-related stocks, which often mirror bitcoin price movements, experienced significant gains, too.
Investor attention remains focused on the potential approval of a spot bitcoin ETF by the U.S. securities regulator, which could attract significant investments and broaden market access for millions of investors. Despite multiple rejections in recent years, the U.S. Securities and Exchange Commission cites concerns about market vulnerability to manipulation as a reason for denying spot bitcoin ETF applications.
Additionally, the growing expectation of interest rate cuts by major central banks in the coming year has contributed to the positive sentiment in the cryptocurrency market, overcoming previous concerns following crypto-business failures in 2022.
Looking ahead to 2024, experts note the historical trend of bitcoin performing well during U.S. election years, aligning with Bitcoin halving cycles in 2012, 2016, and 2020.
Written by Alius Noreika
You can offer your link to a page which is relevant to the topic of this post.
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jjbizconsult · 10 months
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Bitcoin Price Prediction: Soaring to New Heights in 2023?
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cryptonewsme · 1 year
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July's Winning Cryptos: The Best Long-Term Crypto Investments For 2023 And Beyond
Navigating the current state of cryptocurrency markets can be a daunting task, as uncertainty looms large and investors grapple with tough decisions. The question on many minds is whether it’s wise to sell and safeguard against potential losses or hold on with hope for a market rebound. While history has shown that crypto markets tend to bounce back from bearish periods, it’s crucial to recognize…
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Top Five Cryptocurrencies In The World 2022
Top Five Cryptocurrencies In The World 2022 Bitcoin, Ethereum, Litecoin, Cardano, and Solano are the top 5 cryptocurrencies in 2022.
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jollyalpacagalaxy · 1 year
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dunhamegor · 1 year
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ETH AGAIN
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mybestbio566 · 1 year
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cryptokimee · 1 year
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Best Altcoin To Invest! 50x Altcoin in 2023
However, I can offer some general insights and factors to consider when looking for the best altcoin to invest in and potentially achieve a 50x return on investment by 2023.
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The cryptocurrency market is highly volatile, and the value of altcoins can fluctuate rapidly, leading to both high gains and significant losses. Therefore, it is crucial to do your research and invest only what you can afford to lose.
Now, let’s consider some key factors to look for when choosing an altcoin to invest in:
Market Cap and Liquidity: When investing in an altcoin, it is essential to look at its market capitalization (market cap) and liquidity. Market cap refers to the total value of all the coins in circulation, while liquidity refers to how easily the coin can be bought and sold on exchanges. A high market cap and liquidity indicate that the coin is in demand and has a solid user base.
Utility and Functionality: Another critical factor to consider is the utility and functionality of the altcoin. Does it solve a real-world problem or offer a unique solution that is in high demand? Coins that have a clear use case and solve a specific problem are more likely to have long-term success.
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Community and Adoption: The altcoin’s community and adoption rate also play a significant role in its success. Look for coins with an active and engaged community and partnerships with established companies or organizations. Coins with a strong network effect and adoption rate are more likely to have sustained success. With these factors in mind, here are some altcoins that have the potential for significant gains in the next few years.
Cardano (ADA): Cardano is a third-generation blockchain platform that aims to solve the scalability and security issues of existing blockchains. It has a market cap of over $40 billion and has been gaining traction in the market. The platform is backed by a strong development team and has partnerships with several companies, including PwC.
NavC Token
NavC is an ERC-20 utility token designed to serve as the native cryptocurrency of the NavExM trading ecosystem. NavExM is a positive cash back centralised cryptocurrency exchange that provides trading and investing in crypto, NFT, and stablecoins.
The primary aim of the project is to reduce the transaction fee and offer positive cash back for every trade at the NavExM exchange. The project will launch in March 2023 as the world’s first revenue-giving exchange for crypto enthusiasts. The current price of NavC Token is $1 its price increased after the launch of NavExM.
Solana (SOL): Solana is a high-performance blockchain platform that aims to provide fast and cheap transactions. It has a market cap of over $40 billion and has been gaining significant traction in the market.
The platform is backed by a strong development team and has partnerships with several companies, including Chainlink and Serum.
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Chainlink (LINK): Chainlink is a decentralized oracle network that provides real-world data to smart contracts. It has a market cap of over $14 billion and has been gaining significant traction in the market. The platform is backed by a strong development team and has partnerships with several companies, including Google and Binance.
Keep in mind that these altcoins are just examples, and it’s essential to do your research before investing in any cryptocurrency. It’s also worth noting that investing in cryptocurrencies requires a long-term outlook and a willingness to weather market volatility.
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cryptosignalsforyou · 2 years
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Crypto Daily Trade Signals: Maximizing Profits with Expert Analysis
Cryptocurrency trading has exploded in popularity in recent years, with more and more investors entering the market to reap the benefits of this exciting asset class. However, with so many different digital currencies to choose from and market volatility that can change on a dime, it can be difficult for even experienced traders to consistently make profitable trades.
That's where crypto daily trade signals come in. These signals provide investors with expert analysis of market trends, allowing them to make informed decisions about when to buy and sell cryptocurrencies for maximum profits.
What are Crypto Daily Trade Signals?
Crypto daily trade signals are essentially trading recommendations provided by experts who specialize in cryptocurrency analysis. These signals can take many different forms, including email alerts, SMS notifications, or even push notifications through a trading app.
At their core, crypto daily trade signals provide investors with actionable insights into the cryptocurrency markets. These insights might include technical analysis of market trends, predictions about which cryptocurrencies are likely to perform well in the short or long term, or alerts about sudden price movements or other market events that could affect the value of a particular cryptocurrency.
Benefits of Crypto Daily Trade Signals
There are several key benefits to using crypto daily trade signals to inform your investment decisions. Here are just a few:
Expert Analysis: Perhaps the biggest benefit of using crypto daily trade signals is that you gain access to expert analysis from people who have spent years studying the cryptocurrency markets. By following their recommendations, you can be confident that you are making informed decisions based on the latest market trends.
Save Time: Trading cryptocurrency can be a full-time job in and of itself, and not everyone has the time to constantly monitor market trends and news. Crypto daily trade signals allow you to stay up-to-date on the latest market movements without having to spend all your time glued to your computer screen.
Reduce Risk: Trading cryptocurrency can be risky, particularly if you're new to the market or aren't familiar with the intricacies of different digital currencies. By following expert analysis and recommendations, you can reduce your risk and make more profitable trades.
How to Find Reliable Crypto Daily Trade Signals
If you're interested in using crypto daily trade signals to inform your investment decisions, it's important to find a reliable provider. Here are a few tips for finding a provider you can trust:
Look for Transparency: A good crypto daily trade signal provider should be transparent about their methods and the data they use to inform their recommendations. Look for providers that explain their analysis in detail and provide clear reasons for their trading recommendations.
Check for Track Record: Before subscribing to any crypto daily trade signal service, be sure to check the provider's track record. Look for providers that have a proven track record of making accurate recommendations and generating profits for their subscribers.
Read Reviews: Finally, be sure to read reviews from other users before subscribing to any service. Look for reviews from people who have actually used the service to get a sense of its strengths and weaknesses.
Conclusion
Crypto daily trade signals can be a valuable tool for investors looking to maximize their profits in the cryptocurrency markets. By following expert analysis and recommendations, you can stay ahead of market trends and make informed decisions that can lead to more profitable trades. If you're interested in using crypto daily trade signals, be sure to do your research and find a provider you can trust.
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kumar-pradeep · 1 year
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𝐓𝐡𝐞 𝐁𝐞𝐬𝐭 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐨𝐝𝐜𝐚𝐬𝐭𝐬 𝐟𝐨𝐫 𝟐𝟎𝟐𝟑 𝐢𝐧 𝐈𝐍𝐃𝐈𝐀
Welcome to the ultimate guide for the best crypto podcasts in India for 2023! Stay ahead of the game with these engaging and informative shows that cater to both beginners and seasoned enthusiasts.
"CryptoTalk India": Join expert guests and hosts as they delve into the latest trends, market insights, and blockchain innovations shaping the Indian crypto landscape.
"The Crypto Dose": Get your daily dose of crypto news, market analysis, and investment strategies to make informed decisions in this dynamic market.
"Blockchain India": Unravel the potential of blockchain technology beyond cryptocurrencies, exploring its impact on industries like finance, healthcare, and supply chain.
"Crypto Unplugged": Candid conversations with industry insiders, traders, and developers uncovering the realities and challenges of the crypto world.
"CryptoKids": A fun and educational podcast introducing kids to the world of blockchain and digital currencies in a safe and easy-to-understand manner.
Tune in to these podcasts and embark on an exciting crypto journey as India embraces the future of finance and technology!
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godreamnft · 2 years
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The Complete Crypto Investment Bible: Everything You Need to Know About Bitcoin, Ethereum, and More.
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What is Cryptocurrency Investing?
Cryptocurrency investing is the act of buying and selling digital currencies such as Bitcoin and Ethereum in order to make a profit. Cryptocurrency investments are similar to investing in stocks and bonds, but with one important difference: cryptocurrency investments are unregulated and much more volatile than traditional investments. This means that investors must be careful when they are making decisions and must understand the risks that come with investing in cryptocurrency.
What are the Best Investing Books out there?
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“The Internet of Money” by Andreas M. Antonopoulos
“Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” by Chris Burniske and Jack Tatar
“Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos
“The Little Bitcoin Book” by J.D. Salinas
“Blockchain Basics: A Non-Technical Introduction in 25 Steps” by Daniel Drescher
“Cryptocurrency Trading & Investing: Beginners Guide To Trading & Investing In Bitcoin, Alt Coins & ICOs” by Aimee Vo
“Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money” by Nathaniel Popper
“The Basics of Bitcoins and Blockchains” by Antony Lewis
“The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology” by William Mougayar
“The Truth Machine: The Blockchain and the Future of Everything” by Paul Vigna and Michael J. Casey.
Crypto Investing Books Reviews
Here are a few popular books about cryptocurrency investing and their general reviews:
“The Basics of Bitcoins and Blockchains” by Antony Lewis – Recommended for those new to the crypto market and provides a comprehensive overview of the technology and economics behind cryptocurrencies.
“Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” by Chris Burniske and Jack Tatar – This book is highly regarded for its focus on the investment aspect of crypto assets, including risk management and portfolio strategy.
“Blockchain Basics: A Non-Technical Introduction in 25 Steps” by Daniel Drescher – This book is praised for its clear and concise explanations, making it accessible to a wide range of readers, including those without a technical background.
“Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos – This book is a comprehensive guide to the technical aspects of Bitcoin and blockchain technology and is recommended for those who want a deeper understanding of the technology.
“The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Privacy” by Andreas M. Antonopoulos – This book is a concise and easy-to-read introduction to the world of Bitcoin and its potential impact on the financial industry.
Note that these are just a few examples and it is always a good idea to do your own research.
How to Choose the Right Crypto Investment Book?
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The reputation of the author: Look for authors with expertise in the financial and technology industry.
Objectivity: Find a book that provides an objective analysis of the crypto market and different investment strategies.
Coverage: Make sure the book covers the latest developments in the crypto market, including regulations, security measures, and emerging technologies.
Readability: Choose a book that is easy to understand, even for those with limited financial knowledge.
Relevance: Look for a book that is relevant to your investment goals, whether you’re a beginner or an experienced investor.
It’s also a good idea to read multiple books and reviews from other readers before making a final decision.
What are the main Takeaways from the Crypto Investing Books?
The main takeaways from cryptocurrency investing books vary depending on the author’s perspective and approach. However, some common themes include:
Understanding the technology: Most books provide an overview of the technology behind cryptocurrencies, including blockchain and its applications.
Risks and reward: Most books discuss the potential risks and rewards of investing in cryptocurrencies and provide guidance on managing risk.
Investment strategies: Many books provide information on investment strategies, such as long-term holding, day trading, and swing trading.
Market analysis: Some books provide an analysis of the cryptocurrency market, including market trends, regulations, and emerging technologies.
Diversification: Many books emphasize the importance of diversifying one’s portfolio to minimize risk.
Education and awareness: Many books stress the importance of staying informed and educated about the crypto market, as well as staying up-to-date with the latest developments and trends.
These are just a few examples of the main takeaways from cryptocurrency investing books. It’s important to remember that the crypto market is constantly evolving and that the information contained in these books may become outdated quickly.
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securell · 2 years
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The AI hype bubble is the new crypto hype bubble
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Back in 2017 Long Island Ice Tea — known for its undistinguished, barely drinkable sugar-water — changed its name to “Long Blockchain Corp.” Its shares surged to a peak of 400% over their pre-announcement price. The company announced no specific integrations with any kind of blockchain, nor has it made any such integrations since.
If you’d like an essay-formatted version of this post to read or share, here’s a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/03/09/autocomplete-worshippers/#the-real-ai-was-the-corporations-that-we-fought-along-the-way
LBCC was subsequently delisted from NASDAQ after settling with the SEC over fraudulent investor statements. Today, the company trades over the counter and its market cap is $36m, down from $138m.
https://cointelegraph.com/news/textbook-case-of-crypto-hype-how-iced-tea-company-went-blockchain-and-failed-despite-a-289-percent-stock-rise
The most remarkable thing about this incredibly stupid story is that LBCC wasn’t the peak of the blockchain bubble — rather, it was the start of blockchain’s final pump-and-dump. By the standards of 2022’s blockchain grifters, LBCC was small potatoes, a mere $138m sugar-water grift.
They didn’t have any NFTs, no wash trades, no ICO. They didn’t have a Superbowl ad. They didn’t steal billions from mom-and-pop investors while proclaiming themselves to be “Effective Altruists.” They didn’t channel hundreds of millions to election campaigns through straw donations and other forms of campaing finance frauds. They didn’t even open a crypto-themed hamburger restaurant where you couldn’t buy hamburgers with crypto:
https://robbreport.com/food-drink/dining/bored-hungry-restaurant-no-cryptocurrency-1234694556/
They were amateurs. Their attempt to “make fetch happen” only succeeded for a brief instant. By contrast, the superpredators of the crypto bubble were able to make fetch happen over an improbably long timescale, deploying the most powerful reality distortion fields since Pets.com.
Anything that can’t go on forever will eventually stop. We’re told that trillions of dollars’ worth of crypto has been wiped out over the past year, but these losses are nowhere to be seen in the real economy — because the “wealth” that was wiped out by the crypto bubble’s bursting never existed in the first place.
Like any Ponzi scheme, crypto was a way to separate normies from their savings through the pretense that they were “investing” in a vast enterprise — but the only real money (“fiat” in cryptospeak) in the system was the hardscrabble retirement savings of working people, which the bubble’s energetic inflaters swapped for illiquid, worthless shitcoins.
We’ve stopped believing in the illusory billions. Sam Bankman-Fried is under house arrest. But the people who gave him money — and the nimbler Ponzi artists who evaded arrest — are looking for new scams to separate the marks from their money.
Take Morganstanley, who spent 2021 and 2022 hyping cryptocurrency as a massive growth opportunity:
https://cointelegraph.com/news/morgan-stanley-launches-cryptocurrency-research-team
Today, Morganstanley wants you to know that AI is a $6 trillion opportunity.
They’re not alone. The CEOs of Endeavor, Buzzfeed, Microsoft, Spotify, Youtube, Snap, Sports Illustrated, and CAA are all out there, pumping up the AI bubble with every hour that god sends, declaring that the future is AI.
https://www.hollywoodreporter.com/business/business-news/wall-street-ai-stock-price-1235343279/
Google and Bing are locked in an arms-race to see whose search engine can attain the speediest, most profound enshittification via chatbot, replacing links to web-pages with florid paragraphs composed by fully automated, supremely confident liars:
https://pluralistic.net/2023/02/16/tweedledumber/#easily-spooked
Blockchain was a solution in search of a problem. So is AI. Yes, Buzzfeed will be able to reduce its wage-bill by automating its personality quiz vertical, and Spotify’s “AI DJ” will produce slightly less terrible playlists (at least, to the extent that Spotify doesn’t put its thumb on the scales by inserting tracks into the playlists whose only fitness factor is that someone paid to boost them).
But even if you add all of this up, double it, square it, and add a billion dollar confidence interval, it still doesn’t add up to what Bank Of America analysts called “a defining moment — like the internet in the ’90s.” For one thing, the most exciting part of the “internet in the ‘90s” was that it had incredibly low barriers to entry and wasn’t dominated by large companies — indeed, it had them running scared.
The AI bubble, by contrast, is being inflated by massive incumbents, whose excitement boils down to “This will let the biggest companies get much, much bigger and the rest of you can go fuck yourselves.” Some revolution.
AI has all the hallmarks of a classic pump-and-dump, starting with terminology. AI isn’t “artificial” and it’s not “intelligent.” “Machine learning” doesn’t learn. On this week’s Trashfuture podcast, they made an excellent (and profane and hilarious) case that ChatGPT is best understood as a sophisticated form of autocomplete — not our new robot overlord.
https://open.spotify.com/episode/4NHKMZZNKi0w9mOhPYIL4T
We all know that autocomplete is a decidedly mixed blessing. Like all statistical inference tools, autocomplete is profoundly conservative — it wants you to do the same thing tomorrow as you did yesterday (that’s why “sophisticated” ad retargeting ads show you ads for shoes in response to your search for shoes). If the word you type after “hey” is usually “hon” then the next time you type “hey,” autocomplete will be ready to fill in your typical following word — even if this time you want to type “hey stop texting me you freak”:
https://blog.lareviewofbooks.org/provocations/neophobic-conservative-ai-overlords-want-everything-stay/
And when autocomplete encounters a new input — when you try to type something you’ve never typed before — it tries to get you to finish your sentence with the statistically median thing that everyone would type next, on average. Usually that produces something utterly bland, but sometimes the results can be hilarious. Back in 2018, I started to text our babysitter with “hey are you free to sit” only to have Android finish the sentence with “on my face” (not something I’d ever typed!):
https://mashable.com/article/android-predictive-text-sit-on-my-face
Modern autocomplete can produce long passages of text in response to prompts, but it is every bit as unreliable as 2018 Android SMS autocomplete, as Alexander Hanff discovered when ChatGPT informed him that he was dead, even generating a plausible URL for a link to a nonexistent obit in The Guardian:
https://www.theregister.com/2023/03/02/chatgpt_considered_harmful/
Of course, the carnival barkers of the AI pump-and-dump insist that this is all a feature, not a bug. If autocomplete says stupid, wrong things with total confidence, that’s because “AI” is becoming more human, because humans also say stupid, wrong things with total confidence.
Exhibit A is the billionaire AI grifter Sam Altman, CEO if OpenAI — a company whose products are not open, nor are they artificial, nor are they intelligent. Altman celebrated the release of ChatGPT by tweeting “i am a stochastic parrot, and so r u.”
https://twitter.com/sama/status/1599471830255177728
This was a dig at the “stochastic parrots” paper, a comprehensive, measured roundup of criticisms of AI that led Google to fire Timnit Gebru, a respected AI researcher, for having the audacity to point out the Emperor’s New Clothes:
https://www.technologyreview.com/2020/12/04/1013294/google-ai-ethics-research-paper-forced-out-timnit-gebru/
Gebru’s co-author on the Parrots paper was Emily M Bender, a computational linguistics specialist at UW, who is one of the best-informed and most damning critics of AI hype. You can get a good sense of her position from Elizabeth Weil’s New York Magazine profile:
https://nymag.com/intelligencer/article/ai-artificial-intelligence-chatbots-emily-m-bender.html
Bender has made many important scholarly contributions to her field, but she is also famous for her rules of thumb, which caution her fellow scientists not to get high on their own supply:
Please do not conflate word form and meaning
Mind your own credulity
As Bender says, we’ve made “machines that can mindlessly generate text, but we haven’t learned how to stop imagining the mind behind it.” One potential tonic against this fallacy is to follow an Italian MP’s suggestion and replace “AI” with “SALAMI” (“Systematic Approaches to Learning Algorithms and Machine Inferences”). It’s a lot easier to keep a clear head when someone asks you, “Is this SALAMI intelligent? Can this SALAMI write a novel? Does this SALAMI deserve human rights?”
Bender’s most famous contribution is the “stochastic parrot,” a construct that “just probabilistically spits out words.” AI bros like Altman love the stochastic parrot, and are hellbent on reducing human beings to stochastic parrots, which will allow them to declare that their chatbots have feature-parity with human beings.
At the same time, Altman and Co are strangely afraid of their creations. It’s possible that this is just a shuck: “I have made something so powerful that it could destroy humanity! Luckily, I am a wise steward of this thing, so it’s fine. But boy, it sure is powerful!”
They’ve been playing this game for a long time. People like Elon Musk (an investor in OpenAI, who is hoping to convince the EU Commission and FTC that he can fire all of Twitter’s human moderators and replace them with chatbots without violating EU law or the FTC’s consent decree) keep warning us that AI will destroy us unless we tame it.
There’s a lot of credulous repetition of these claims, and not just by AI’s boosters. AI critics are also prone to engaging in what Lee Vinsel calls criti-hype: criticizing something by repeating its boosters’ claims without interrogating them to see if they’re true:
https://sts-news.medium.com/youre-doing-it-wrong-notes-on-criticism-and-technology-hype-18b08b4307e5
There are better ways to respond to Elon Musk warning us that AIs will emulsify the planet and use human beings for food than to shout, “Look at how irresponsible this wizard is being! He made a Frankenstein’s Monster that will kill us all!” Like, we could point out that of all the things Elon Musk is profoundly wrong about, he is most wrong about the philosophical meaning of Wachowksi movies:
https://www.theguardian.com/film/2020/may/18/lilly-wachowski-ivana-trump-elon-musk-twitter-red-pill-the-matrix-tweets
But even if we take the bros at their word when they proclaim themselves to be terrified of “existential risk” from AI, we can find better explanations by seeking out other phenomena that might be triggering their dread. As Charlie Stross points out, corporations are Slow AIs, autonomous artificial lifeforms that consistently do the wrong thing even when the people who nominally run them try to steer them in better directions:
https://media.ccc.de/v/34c3-9270-dude_you_broke_the_future
Imagine the existential horror of a ultra-rich manbaby who nominally leads a company, but can’t get it to follow: “everyone thinks I’m in charge, but I’m actually being driven by the Slow AI, serving as its sock puppet on some days, its golem on others.”
Ted Chiang nailed this back in 2017 (the same year of the Long Island Blockchain Company):
There’s a saying, popularized by Fredric Jameson, that it’s easier to imagine the end of the world than to imagine the end of capitalism. It’s no surprise that Silicon Valley capitalists don’t want to think about capitalism ending. What’s unexpected is that the way they envision the world ending is through a form of unchecked capitalism, disguised as a superintelligent AI. They have unconsciously created a devil in their own image, a boogeyman whose excesses are precisely their own.
https://www.buzzfeednews.com/article/tedchiang/the-real-danger-to-civilization-isnt-ai-its-runaway
Chiang is still writing some of the best critical work on “AI.” His February article in the New Yorker, “ChatGPT Is a Blurry JPEG of the Web,” was an instant classic:
[AI] hallucinations are compression artifacts, but — like the incorrect labels generated by the Xerox photocopier — they are plausible enough that identifying them requires comparing them against the originals, which in this case means either the Web or our own knowledge of the world.
https://www.newyorker.com/tech/annals-of-technology/chatgpt-is-a-blurry-jpeg-of-the-web
“AI” is practically purpose-built for inflating another hype-bubble, excelling as it does at producing party-tricks — plausible essays, weird images, voice impersonations. But as Princeton’s Matthew Salganik writes, there’s a world of difference between “cool” and “tool”:
https://freedom-to-tinker.com/2023/03/08/can-chatgpt-and-its-successors-go-from-cool-to-tool/
Nature can claim “conversational AI is a game-changer for science” but “there is a huge gap between writing funny instructions for removing food from home electronics and doing scientific research.” Salganik tried to get ChatGPT to help him with the most banal of scholarly tasks — aiding him in peer reviewing a colleague’s paper. The result? “ChatGPT didn’t help me do peer review at all; not one little bit.”
The criti-hype isn’t limited to ChatGPT, of course — there’s plenty of (justifiable) concern about image and voice generators and their impact on creative labor markets, but that concern is often expressed in ways that amplify the self-serving claims of the companies hoping to inflate the hype machine.
One of the best critical responses to the question of image- and voice-generators comes from Kirby Ferguson, whose final Everything Is a Remix video is a superb, visually stunning, brilliantly argued critique of these systems:
https://www.youtube.com/watch?v=rswxcDyotXA
One area where Ferguson shines is in thinking through the copyright question — is there any right to decide who can study the art you make? Except in some edge cases, these systems don’t store copies of the images they analyze, nor do they reproduce them:
https://pluralistic.net/2023/02/09/ai-monkeys-paw/#bullied-schoolkids
For creators, the important material question raised by these systems is economic, not creative: will our bosses use them to erode our wages? That is a very important question, and as far as our bosses are concerned, the answer is a resounding yes.
Markets value automation primarily because automation allows capitalists to pay workers less. The textile factory owners who purchased automatic looms weren’t interested in giving their workers raises and shorting working days. ‘ They wanted to fire their skilled workers and replace them with small children kidnapped out of orphanages and indentured for a decade, starved and beaten and forced to work, even after they were mangled by the machines. Fun fact: Oliver Twist was based on the bestselling memoir of Robert Blincoe, a child who survived his decade of forced labor:
https://www.gutenberg.org/files/59127/59127-h/59127-h.htm
Today, voice actors sitting down to record for games companies are forced to begin each session with “My name is ______ and I hereby grant irrevocable permission to train an AI with my voice and use it any way you see fit.”
https://www.vice.com/en/article/5d37za/voice-actors-sign-away-rights-to-artificial-intelligence
Let’s be clear here: there is — at present — no firmly established copyright over voiceprints. The “right” that voice actors are signing away as a non-negotiable condition of doing their jobs for giant, powerful monopolists doesn’t even exist. When a corporation makes a worker surrender this right, they are betting that this right will be created later in the name of “artists’ rights” — and that they will then be able to harvest this right and use it to fire the artists who fought so hard for it.
There are other approaches to this. We could support the US Copyright Office’s position that machine-generated works are not works of human creative authorship and are thus not eligible for copyright — so if corporations wanted to control their products, they’d have to hire humans to make them:
https://www.theverge.com/2022/2/21/22944335/us-copyright-office-reject-ai-generated-art-recent-entrance-to-paradise
Or we could create collective rights that belong to all artists and can’t be signed away to a corporation. That’s how the right to record other musicians’ songs work — and it’s why Taylor Swift was able to re-record the masters that were sold out from under her by evil private-equity bros::
https://doctorow.medium.com/united-we-stand-61e16ec707e2
Whatever we do as creative workers and as humans entitled to a decent life, we can’t afford drink the Blockchain Iced Tea. That means that we have to be technically competent, to understand how the stochastic parrot works, and to make sure our criticism doesn’t just repeat the marketing copy of the latest pump-and-dump.
Today (Mar 9), you can catch me in person in Austin at the UT School of Design and Creative Technologies, and remotely at U Manitoba’s Ethics of Emerging Tech Lecture.
Tomorrow (Mar 10), Rebecca Giblin and I kick off the SXSW reading series.
Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
[Image ID: A graph depicting the Gartner hype cycle. A pair of HAL 9000's glowing red eyes are chasing each other down the slope from the Peak of Inflated Expectations to join another one that is at rest in the Trough of Disillusionment. It, in turn, sits atop a vast cairn of HAL 9000 eyes that are piled in a rough pyramid that extends below the graph to a distance of several times its height.]
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