54 karma · joined October 5, 2017
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The only way they can manage this type of monetization is a lot of compute to process outputs.
I can place a bet that by 2027 we will have 1 bet and a payout on a bet that predicts a horrible catastrophe.
I have ADHD so I don't think this is the right way to do it.
What a lot of people don't realize about software is that it is one of the few industries that offered a means to greatly improve your standard of living without requiring a formal degree.
AI just one-shotted that kind of work. There will always be a place for humans to do creative things, but there won't be a place for average people to make a living.
Example - look at animated movies. In the past studios hired hundreds of people to draw the movie. Now, its nearly all automated with software.
The need for human artistic ability for commercial work is nearly gone, and only left for nice to have products.
In 5 years we will see the same for software. It will be much faster than what happened to art because software is already in nearly every aspect of life.