Online Class Notes (Tibo)

I thought I would have had to work overtime so I booked a late slot but fortunately I managed to get off work on time

I feel crypto is like a gambling game, it is a larger reflection of the stock market

there are large fluctuations in the stock market but in crypto it is even faster -> crypto even amplifies the movements of the stock market

So far I don’t think it can be a payment method to replace credit cards.

it is kind of like money wash -> money laundering

The tech is neutral. I had interactions with companies which did that -> with companies in this industry

they did something not in a good way / they were not good actors
It was used by smart people to gain money / it was a get rich quick scheme.

the technical behind the metaverse.
One is AI technology to have an artificial image and it can be used in live streaming and video making and it can reduce the manufacturing cost for the content industry -> production cost for the content industry

the real big thing is AI.
Why the topic was so hot was because there was no other story. Investment people and tech giants needed a story -> investors and tech giants needed a strong narrative.

They created that web3 topic because the big wave was not clear at that time. Information is also easy to get now so people can easily understand what is the future direction and can change the future -> people can understand which technology really has the potential to change the world.  / people realized AI is really a transformative technology.

I don’t think they will coexist. They are very costly so it is not a game that some SMEs can participate in, / most SMEs are priced out
it is gonna be among tech giants.
The capital expenditure is huge. They will not to invest in both directions

AI will reduce content creation cost and build up the potential artificial world. / As AI matures, new artificial worlds will become possible .
AI is gonna be the first to develop and could support the future development of the metaverse.

AI can do more than what we image currently -> than what we imagine currently

We are training it to help it better understand what you want. It accumulates data and enough knowledge so that you set up a final goal and it can give you the end result. It is possible.
If the AI can evolve and upgrade itself we just need to give it a target and it can give a result.
peopole who are making money are unhonest -> dishonest

I know people who are not willing to be controlled by someone else and like this decentralized method -> I know some people who really care about their privacy / want to be in full control.

If you are fully decentralized there could be more extreme events. / there is no way to stop trading during a black swan event 

Vocabulary

2FA : 2 factor authentification
when the account is protected by 2FA, after entering the password , you also need to input the code received by email to log in your account

circuit breaker (n) when trading stops after high % move
During the crisis the circuit breaker was triggered and trading stopped.

casino (n) gambling place
The stock market is like a casino

safety (n)

safe (adj)

dishonest (adj) not honest
A lot of dishonest people are in crypto

autonomous agent (n) concept that ai can by itself continue and change direction to adapt in order to reach a goal.
Autonomous agents are the future of AI

to be priced out (v) not have enough money to be able to participate
SMEs are already priced out of the AI war, it is only a game of giants.

narrator (n) person narrating / telling a story

narrative (n) believe story which create  belief in the future
Ai is the strongest narrative right now

scheme (n) plan (large scale)
Many young disillusioned people are looking for get rich quick scheme.

to amplify (v) make even bigger
The move was amplified by the next technological breakthrough

good / bad actor (n) to describe motivations and goals
I do believe that Tom is a good actor in this industry, he has been pushing the industry forward.

Pronunciation

image

imagine