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It's just a trade off for specialising. They do one thing faster than any other chip. They can also be used to mine/attack any fork of Bitcoin. Bitcoin the token has been trading sideways for a long time. It sounds like miners are starting to capitulate. When bitcoin's price has another leg up, all the incentives shift again. If AI hardware could compete with ASICS, Bitcoin would have a decent mining attack vector risk. What protects Bitcoin is the fact that it's more profitable & less risky to be an honest/cooperative miner. The self correcting incentives of Bitcoin is something so magical, one might think they're divine.

Makes sense. And IMO, bitcoin is divinely inspired. Basically its an example of a platonic ideal form emerging out of chaos as a coherent entity. In bitcoin's case, we're not looking at a physical thing and imagining that there's a platonic ideal version that collapses an infinite array of possible features into one knowable concept, but rather the knowable concept emerging almost a-priori and in order to know it we describe it's features - so knowing its genesis makes it backwards compared to every other thing in the course of human experience. It would break my brain to try believing that bitcoin could enter this world without divine inspiration. Well... Yes, that sounds woo-woo to me too. I need another coffee.