Happy 4/20 to all the chronic underachievers that celebrate. We don’t know if you’re reading this, or if you’re even capable of reading by this point, but we wish you well.

For those of us that are more worried about keeping our jobs than getting high, there’s one concern at the front of our minds: Are we going to be replaced by AI?

Well, what if we told you that there was not only a way that AI would help you keep your job, but it would make you indispensable? We’ll fill you in at the end of the newsletter.

Espresso Shots

☕️ Warm Reception for EU Crypto Adoption 🇪🇺 🥰

The Markets in Crypto-Access Regulation (MiCA) vote that would guarantee licensing and crypto adoption to 27 nations of the EU seems like it’s going to be easily won.

On Wednesday, members from parties across the European Parliament including Socialist, Democrats, Conservatives, and Reformists, gave glowing remarks welcoming the proposals.

Ernest Urtasun, a parliamentary member representing Spain who helped to write the legislation said:

“For over a decade, the lack of regulation has resulted in massive losses to many first-time investors and provided a safe haven for fraudsters and international criminal networks,”

He went on, “MiCA represents an important and necessary first step to bring the crypto sector under regulatory oversight.”

It seems like a rosy future for European crypto, but as Americans, we can’t help but find the idea of this many political parties getting along a little disgusting.

☕️ El Salvador Welcomes AI 🇸🇻 🤖

El Salvador has just passed some serious tax incentives for tech companies, including incentives for AI adoption.

This new legislation, which exempts eligible companies from capital gains tax, tariffs, and local taxes has been a longtime pet-project of President Nayib Bukele.

El Salvador is known for its forward-thinking mindset around technology and having the world’s self-proclaimed, coolest-dictator in President Bukele.

Bukele famously urged the country along as it became the world’s first to adopt Bitcoin as legal tender in 2021.

“With these exemptions, we are facilitating the development of the technological sector in our country, and manufacturing as well, which will help a new industry emerge,” said Salvadoran lawmaker Rodrigo Ayala.

Following this legislation, expect to see ChatGPT run rampant in El Salvador, or, as it’s known there, “CharlarGPT.”

☕️ Taylor Swift’s Best Breakup 🎤 🎶

The firm in charge of handling the suit against the celebrity endorsers of FTX, praised music legend Taylor Swift for being the only celeb to do her homework.

When it came to due diligence, The Moskowitz Firm claims Taylor swift was the only celebrity who did any at all.

“The one person that I found that did that was Taylor Swift,” said Adam Moskowitz. “In our discovery, Taylor Swift actually asked them, ‘Can you tell me that these are not unregistered securities?’”

Celebrities that didn’t do their research and are still very much caught up in the suit include Tom Brady, Larry David, and Shaquille O’Neal.

Where did T-Swift get this financial acumen? Who told her about securities laws?

One reason that Swift may have been cautious is that she’s been burned before. She didn’t do a lick of research before she dated John Mayer in 2009.

Spilling the Beans

No, AI Doesn't Want Your Job 🤖

Ever since the introduction of Artificial Intelligence, workers have been worried that they’ll be replaced.

And some of them were right. Thousands of jobs have already become automated.

Farmers, factory workers, and apparently every position at a sushi restaurant can all be replaced by machines with basic AI.

But ChatGPT and the advent of new, more sophisticated AI have created a lot more concern.

Roles that were once considered safe due to“specialized” talent are, seemingly, no longer protected.

Journalists, Copywriters, really writers of any kind, are worried that AI may be able to master the written word better than a human brain.

But that’s not the case. Yet.

ChatGPT can write conversational, substantive texts, but something’s missing.

ChatGPT’s writing isn’t that creative. It’s missing that raw, human instinct that separates good writing from bad.

But that doesn’t mean that ChatGPT is useless to writers. In fact, quite the opposite.

What ChatGPT needs, more than anything, is an editor and writers across every industry are recognizing that.

Need to make sure that your research paper is properly MLA formatted? ChatGPT.

Need twenty taglines for an advertorial for a new, organic deodorant? ChatGPT.

Need to send your grandmother an explanation of what a USB does? ChatGPT.

In fact, workers can start developing new skills with the help of ChatGPT.

The AI contains a massive breadth of human knowledge and it can rapidly comb through the internet far faster than a human can.

In truth, ChatGPT is a worker's greatest tool. IT can speed up your day, ramp up your efficiency, and unlock new knowledge and workflows.

If you're a creative, it can help develop prompts or help you create basic formatting for your work.

If you're an engineer, it can write you a step-by-step guide to learning the coding language, Python. Or it can write some code for you.

ChatGPT doesn’t replace human beings, it helps them.

ChatGPT is far from the first time humans have claimed they were being replaced by machines.

We've heard it before: iPads replacing cashiers. Automatic doors replacing doormen. And yet, those jobs are far from extinct.

Factory workers once feared textile machinery so much that they started a secret organization hell-bent on destroying the machines they feared would take their jobs.

Check out the wikipedia page for the term "Luddite" it's a fun read.

Yet, you may not be surprised to learn, textile factories and textile workers are still hard at work - working harder and making less than ever before!

Humans adapt. We always have and we always will. Which is why fearing ChatGPT is the last thing you should do.

Much the way animators adapted to the world of 3D animation, it's time now for us to adapt to the world of ChatGPT and AI.

In fact, the only workers that are in danger of being replaced are those that refuse to use AI.

In terms of speed and performance, workers who refuse to adapt are going to be hopelessly outclassed by those that are making this new tech work for and with them.

Let’s say you’re a soldier in the 12th century.

You have a sword. You’re great with your sword. You went to a special school to learn how to use it. You keep it sharp and practice with it everyday.

But now armies have cannons AND swords.

If you want any chance at all, you better start learning how to use gunpowder. Fast.

Meme of the Day

Ok but why does Taylor Swift know about unregistered securities...?

Crypto 101

Deep Learning: This is the procedure through which AI “learns” like a human being. Humans understand things first from a basic level before advancing deeper.

For example, an AI trying to understand an image, might first just understand the edges of the image it’s viewing.

The AI then goes deeper and starts to understand the shapes and the colors. Finally, the AI might start to understand the “concept” of the image and how it relates to human beings.

The layers of this process of understanding make up “deep learning.”

The Last Sip

Here are some practices that are going to go out the window or be entirely replaced by ChatGPT as the AI grows only more advanced and prolific.

• The entire Language Arts curriculum for schools… everywhere.

• Thank you notes.

• Canceled Celebrities’ “earnest” public apologies typed out in the Notes app.

Stay Caffeinated,

Coffee & Crypto Team

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.