In my circles it literally was the same people. Instead of trying to get me to buy ETH they started talking only via LLMs. Unsurprisingly we aren't in touch anymore... Maybe they are happier with their chatbots, I'll never know that's for sure
I'm intensely curious, since you know they're grifters, why are they in your circles? I guess maybe you don't mean circles the way I'm thinking and more the whims of algorithms?
See how fast so many of the crypto and NFT/Web 3 lot shifted to AI, like rats on a sinking ship.
I think VCs saw Crypto and dreamt of being able to create the same amount of irrational value. AI has the same technical complexity "You can't easily explain it in a single sentence" energy but unlike Crypto and NFTs, enough actual utility to not seem completely illegitimate. It literally is the perfect hype grift tool. Crypto has survived almost 20 years off of nonsense, how long can this crap last. sigh
If you still think crypto and AI are nonsense, then I guess you will carry these beliefs the rest of your life, but these beliefs won't outlive you, as they have no relation to reality.
I said AI has utility but drives irrational levels of investment. Crypto has little utility besides a place to gamble, con credulous people and otherwise act as a really shitty store of wealth.
Most modern crypto projects barely bother to promise to do anything useful let alone achieve anything useful, which the overwhelming majority do not.
5 years ago it was blockchain & NFT’s.
Same hypers just moved to different technology.
In my circles it literally was the same people. Instead of trying to get me to buy ETH they started talking only via LLMs. Unsurprisingly we aren't in touch anymore... Maybe they are happier with their chatbots, I'll never know that's for sure
I'm intensely curious, since you know they're grifters, why are they in your circles? I guess maybe you don't mean circles the way I'm thinking and more the whims of algorithms?
3 replies →
All of the "carbon credit" guys I know are now all in on AI with zero sense of self awareness.
> All of the "carbon credit" guys I know are now all in on AI with zero sense of self awareness.
Some people made a lot of money off of those platforms. Everything was a nice story, but once you dug just a wee bit... smoke and mirrors.
1 reply →
Yep, 25 years ago it was the web. And remember the great electricity grift 100 years ago. And horseless carriage grifters like Ford!
Yeah, you probably said web3 was going to change the web too.
2 replies →
See how fast so many of the crypto and NFT/Web 3 lot shifted to AI, like rats on a sinking ship.
I think VCs saw Crypto and dreamt of being able to create the same amount of irrational value. AI has the same technical complexity "You can't easily explain it in a single sentence" energy but unlike Crypto and NFTs, enough actual utility to not seem completely illegitimate. It literally is the perfect hype grift tool. Crypto has survived almost 20 years off of nonsense, how long can this crap last. sigh
If you still think crypto and AI are nonsense, then I guess you will carry these beliefs the rest of your life, but these beliefs won't outlive you, as they have no relation to reality.
I said AI has utility but drives irrational levels of investment. Crypto has little utility besides a place to gamble, con credulous people and otherwise act as a really shitty store of wealth.
Most modern crypto projects barely bother to promise to do anything useful let alone achieve anything useful, which the overwhelming majority do not.
These aren't beliefs but statements of fact.
13 replies →