[YZF]

How much market cap is in stablecoins vs. proof of work crypto? Has Bitcoin gone down and disappeared due to the avabilability of stablecoin?

Bitcoin uses 200TWh (per year) probably pretty similar to all the AI usage today give or take. Certainly if we look at the area under the curve Bitcoin still by far has used more energy (~1000TWh) than AI/LLMs. For what is essentially a scam/pyramid scheme. And this is just Bitcoin. But yes, LLMs are using more and more energy (but also potentially with a larger % of renewable sources).

I mean AI in the colloquial sense. Large language models. It's ridiculous to compare the value produce by Bitcoin (negative- crime, money laundering, funding terrorist regimes, tax evasion etc.) to the value of LLMs.

LLMs enable people who couldn't produce software applications before to do so. This enables new business that didn't exist before. Those business hire people directly (including eventually software engineers) and create indirect jobs. This is no different than the steam engine or the Internet. You're arguing that the Internet took away the jobs of the people working in the post office because letters could now be sent electronically. I don't have a crystal ball but the historical experience teaches us that new jobs do get created and the economy is not a zero sum game. Maybe this will be different and maybe it won't.