Of course they will. Tokens are valuable, you can always spend a finite budget on specialized tokens or fewer and higher quality tokens, size of user base and engagement gives you a flywheel moat that is difficult for newcomers to compete with. The market is complex and easy to oversimplify.

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bryanrasmussen 8 hours ago | parent | next [-]

My new startup tokencoin will blah blah blah exchange rate, (something AI writes here), 3. profit (more AI), benefiting all human kind and helping our users scale up their productive intelligence!

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bryanlarsen 8 hours ago | parent | prev [-]

It's hard and complex to enter any mature market. The vast majority of firms that attempt to enter a new market fail. LLM's have no more than this normal moat.

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aspenmartin 7 hours ago | parent [-]

Well yes that’s my point: AI does not suddenly do away with the market.

	▲	bryanlarsen an hour ago \| parent [-]
		If every market has a moat, then saying that a particular market has a moat is a statement without meaning. The OP was probably not trying to make a meaningless statement, therefore the OP was probably saying that LLM's don't have an abnormally effective moat. I agree, LLM's don't have an abnormally effective moat, just the standard moat most mature markets have due to market complexity. IOW, LLM's will likely end up with the standard oligopoly most modern western markets end up in, which have minor but relatively ineffective pricing power.