AI has probably used more energy composing articles about DeepSeek than anything else of late. This letter is hand-cranked, so this time we can’t be accused of wasting the planet’s energy, but the democratisation of AI, if that is what DeepSeek portends, could turn out to be a profoundly important moment, both for large tech and crypto. While staring at prices and charts, we often forget that the idea behind crypto centres around individual freedom and a reduced reliance on third parties.
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