Recently, our country's officials officially translated the word "token" as "word element".

For enthusiasts of the cryptocurrency ecosystem, we all know that in the years before the emergence of GPT, "token" was more frequently and widely used to refer to tokens or certificates within the cryptocurrency ecosystem.

But now the official definition obviously does not refer to "tokens/certificates" in the cryptocurrency ecosystem, but rather to the smallest unit that reflects the parsing of content by large models in the field of large models.

The rapid official redefinition of a word seems to be quite rare in my impression. This shows the impact of AI development and the importance attached to it by the authorities.

In the industry, as long as users have truly hands-on experience with various AI tools, they have long been inseparable from tokens, as almost all AI tools use this unit to calculate how many tokens are needed to complete a task.

In many well-known companies, engineers and employees in various positions have begun to use AI tools extensively to assist themselves in completing work. The consumption of tokens has even become an economic cost that companies must consider. Many companies have publicly stated that the amount of tokens allocated to employees is a benefit during recruitment— the more tokens an employee can receive means the more powerful and efficient tasks they can accomplish with AI.

What we are currently seeing is just the reliance on tokens by people in technology companies, and I believe that in the future, when more AI tools and applications emerge, and when AI becomes an indispensable tool in everyone's life like today's internet applications (such as WeChat), everyone will likely develop a strong reliance on tokens, just like employees in large companies today.

Now, we often hear such a vision:

In the AI era, with AI's disruption of various industries, human productivity will greatly increase, and material wealth will significantly enrich. At that time, some material conditions that we consider rare today will no longer be scarce, and their prices, measured in legal currency, will be unimaginably cheap. At that time, everyone will be equal and able to live a good life.

I strongly agree with the first half of this vision—material wealth will greatly increase, and some material conditions will no longer be scarce, but I hold a very skeptical attitude towards the second half of this vision—everyone will be equal and able to live a good life.

Because I do not believe that human societies can achieve equality—this utopian beautiful fantasy has never existed in history.

I have always believed that at that time, the differences between people may no longer be the material conditions we value today, such as big houses or nice cars, but rather a different class of "assets" that we cannot imagine today.

It is like how ordinary people today far exceed the conditions of ancient emperors and nobles in terms of food and clothing; the conditions of ordinary people in food, clothing, communication, and other aspects are not much different from those of billionaires in their daily lives.

The differences between us and the wealthy lie in other aspects, such as children's education, special medical care, free movement...

So, what aspects will the differences between people in the future possibly lie in?

I imagine that the amount of "word elements" in the AI field could become an important "asset" that creates differences between people.

Those who possess more word elements will be able to efficiently and flexibly mobilize AI to accomplish tasks or achieve results that ordinary people or those who only master a few word elements cannot accomplish at all.

At that time, ordinary people may not worry about food and clothing, but they do not have enough word elements, so they cannot enjoy the alternative pleasures that the virtual world or AI can bring them.

Although the importance of word elements is already unquestionable, there are still significant differences in the costs of word elements: mainly due to the varying cost-effectiveness of different large model word elements.

For example, some domestic large model word elements (like MiniMax) are relatively cheap, while the word elements of overseas large models are relatively expensive. However, the effectiveness of processing tasks using domestic large model word elements, especially for complex tasks, is not as good as that of overseas large models.

Moreover, whether it is domestic large model word elements or overseas large model word elements, they currently cannot be circulated freely. A seasoned engineer may possess far more word elements than they actually need, while a deep enthusiast may require far more word elements for learning than they can be allocated.

If market mechanisms can solve these issues of cost-effectiveness and free circulation of word elements, it would greatly accelerate the use and popularization of AI. To address such issues, the tokens of the cryptocurrency ecosystem should play an unimaginable role.

Therefore, will resolving the issues of free circulation and cost-effectiveness exchange of word elements also be an application point where AI + Crypto can possibly combine?

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