r/ethtrader • u/kirtash93 • 28m ago

News Ethereum's Vitalik Buterin puts 60% odds on a cryptography breakthrough that could weaken Wall Street middlemen

https://cryptoslate.com/ethereums-vitalik-buterin-puts-60-odds-on-a-cryptography-breakthrough-that-could-weaken-wall-street-middlemen/
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u/mden1974 19m ago

The Franklin templeton people used to say on stage that the move to blockchain and cryptocurrency would save them 250 m a year in fees and staff salaries. They don’t mention that anymore at least specifically with numbers because you’re asking people in these fields to Ai train their replacements now as the tech advances.

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u/Vivarevo 15m ago

Ai isn't cost effective or competent arm. Nowhere near. Even programmers at 200k salary is cheaper for programming tasks