Eh, when A.I. can easily make TikTok length and style videos directly personalized to the user that keep the youngins entrained constantly, I doubt they would care that it wasn't made by a human.

That's partly because the whole point of diamond is to gift something rare and beautiful.

(1) NFTs are a great example of artificial scarcity. They put a limit on number of copies and call it rare. Then base real money on rarity.

(2) Some people even tried to create a VR/meta earth and sell land as limited quantity when literally it can be as big as one wants it to be. It's frustrating enough to have high land prices in the real world so they went ahead and made it in the virtual one.

(3) Governments restricting the amount of land where houses can be built is another form of artificial scarcity. This is what creates high home prices.

Absolutely, in fact I'd argue that sentimental value is the main value for most of the shit people buy. If we cared only about the functionality, we wouldn't have artisanal woodworking, or small batch beers, or handmade sweaters. Literally everything we owned would be mass produced, since that's always cheaper (and usually better-designed). People wouldn't be drooling over unboxing videos, because products would come in unbleached cardboard packaging, devoid of any imagery or cutesy "getting started" pamphlets.

But you who does buy the cheapest, least exciting version of everything? A business. In a capitalist economy, sentimentality is just an expensive distraction. So sure, individuals may not feel much reverence for an AI-generated painting. But say you're working in the design department trying to come up with ideas for an upcoming trade show exhibit. Your boss wants to see something tomorrow morning. You could take the day to sketch out a few ideas...but instead you spend a few minutes clicking around in Midjourney, generating dozens of different permutations. Sure, some of them are garbage, but some of them went in directions you never would have thought of yourself. You pick your favorite designs and forward them to your boss before lunchtime. Meanwhile, your more traditional coworker is over there with their paper and markers, still grinding away on their first sketch. Their end result is certainly nice, but your boss has already chosen a design, and is now wondering if they should take down that job listing for a third designer.

My point is, a huge percentage of the economy is driven by business decisions, not individual decisions, and businesses couldn't care less whether something is "real". If we're lucky, the increased productivity from AI will free up more people's time to spend on artisanal crafts, and more individuals will be able to afford that kind of good.

Actually diamonds aren't example of indistinguishable real/not real divide. We've started reaching high enough quality of "artificial" diamonds only recently for them to actually become harder and harder to distinguish from "natural" ones. Brands have started to even drop "artificial" label completely. This is what will happen with AI generated content - once a threshold is achivede where we no longer can distinguish the difference almost no one will care anymore about the source.

Yeah, the majority of humans are simply stupid sheep. I think people think that Stable Diffusion isn't real art 🎨 🖼 🎭 🎨 ! Which is bs!!! Some people wouldn't want a female companion bot because they claim it wouldn't be as real lol!!! But really all options are completely valid!

ok, this is only for the 1% or maybe the 5%... everyone else? will take the cheaper version, or china goods wouldn't be so popular. When you are struggling, you aren't going to spend more money because "sentimental", you want to spend as little as possible and still get what you want. Walmarts destroyed most local owned home town business as they could sell cheaper, it it wasn't about money, they wouldn't have.

This is why I'm learning woodworking.

The AI might replace my data analysis skills, but it can't replace my human context. Lol.

AI has never suffered. It has never been hungry or fought in a war. And it doesn't know our experiences yet. Unless we all walk around with chips in our heads. If there are cameras everywhere, AI can probably know what we feel every second of every day. But not in the I have been through that before sense. More in the sense f(4, 6, 9) = 42. But we have reduced society to GDP, inflation, and interest rates. So who cares? Entertainment is getting better. Food is plentiful because... Anyway if the world economy grows or at least doesn't shrink too much, if our material needs are met, that would be our life. Eat, drink, be merry. Let AI do all the rest. Hey, we know that certain continents might not profit for whatever reason at first, but maybe they will catch up. I mean, who cares that the AI companies are exploiting open source software, Wikipedia, and seven other types of organisations. It is all fine as long as we have our daily meals and realistic VR because we sure don't want to spend time in the real world if we can help it. In my opinion.

Interesting thought. I would compare it to when I was a child in the 90s with just a few channels. When a movie that you liked came on, it felt special. There was no fast forward, pause, or reverse, you got what you got. Today, I have access to pretty much every work of literature, film, or piece of entertainment ever made and it all feels like shit. All I do is watch dumb videos or laugh at funny autists on the internet.

It's a bad example. The purchase of diamonds has always been a form of status symbol, making the decisions about it very different to those involved in purchasing common goods. Luxury goods centred around human labour will become more normal in the AI era as that is how people will come to express status - they can afford to have a real human do something.

That doesn't stop the tech being a massive disruptor.

This is a bad example but also a good illustrator - the decisions behind the price of diamonds is an indicator of how at least part of the economy will play out.

As soon as the singularity hits we are done. Humans 90% of the time terrorize & kill each other. We mame animal life & try our best to ruin nature. I’m all about AI but it will realize within a few seconds that we need to go. It’s hard to argue. The next evolution for “life” on earth is AI & it will span the universe. I’m envious.

Now suffering can be mass produced https://futurism.com/chatbot-abuse

I very much agree with the spirit of this tweet, but in terms of 'quality' would that not come down to their intended use? by that I mean don't industrial diamonds look quite different than their natural made counterparts and are valued strictly for their practical use such as machine parts and tools?

If we were talking Jewelry, which is more about cosmetics/symbol of status than anything else, that changes quite a bit.

I think diamonds my be a poor example to use in this case.

Are artificial diamonds exactly like the real thing though? Anyway, dumb post. Value and inherent value is a complex topic that has nothing to do with this.

There is some information you could only get from real life experiments, like how boobs would act under different conditions.