25 karma · joined December 15, 2024
Yes, it does but lacks depth, the problem here is they are diversifying not pivoting and by virtue of game theory for each miner they stand to win on others exit, as the mining difficulty goes down, but this is creating a loss-loss situation.
We think of SQL as a high level language, an abstraction. We need to think about Code with LLMs similar to that as I still find LLMs to not be able to be completely autonomous at present. There will be the need to debug understand the underlying execution at a low level just like in SQL or any other high level language.
There will be a requirement for humans to find better ways than LLMs and sometimes we might find frugal and ingenious ways to do stuff for which LLMs had taken the average solutions found in their datasets.
It definitely matters, ask any developing nation about the brain drain and you know the reasons why individuals do it, it's a net gain for them but a loss for their nation. Now take all those reasoning and apply to the brain drain within disciplines and domains. All disciplines and domains are important and need significant contribution to continuously innovate.
Even at an individual scale people should do what they like/or are naturally good at, only then they will be able to do great work.
If it were true wouldn't all democratic societies be in danger. Our whole society is based off the wisdom of the crowds.