Comment by TeriyakiBomb
18 hours ago
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.
Those things you listed have lots of utility. Gambling is one of the most lucrative industries to be in.
That's very uncharitable. Crypto has been extremely useful for all sorts of grifters and enabled separating fools from their money at true web scale.
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