[olalonde]

These AI threads seem to attract the same kind of repetitive, low-effort dismissals that crypto threads used to.

[1970-01-01]

Crypto failed and pivoted. One still cannot pay bills, taxes, buy medicine, transportation, etc. directly with crypto. It is fair to assume the same story will happen to AI.

[Miner49er]

It's not fair at all, actually. They are two very different things.

[jorisw]

Pivoted where?

[isoprophlex]

Buying drugs, using prediction markets, sending Palestinians money without The Man finding out.

[jorisw]

So it pivoted from sending money to sending money...?

[1970-01-01]

Again, it isn't money if it isn't generally accepted. Crypto was forced to pivot into an exotic investment thing that works great if you already have "regular money" to convert and spend. It is not money.

[olalonde]

No money is generally accepted. USD would come closest but it's still far from true (probably fewer than 10% of merchants globally).

[isoprophlex]

I'll bite: it pivoted from replacing fiat currency to doing mildly-to-wildly illegal shit

[watwut]

Low-effort dismissals that crypto threads turned out to be correct. Is that what you meant to imply?

[olalonde]

No, I didn't mean anything beyond what I wrote.

[datakan]

I don't disagree but one difference I see is Enterprises pushing hard to use AI where none of them really bothered with Crypto. I see momentum with AI that I haven't seen since the push to Cloud infrastructure 15 or so years ago.

[TeMPOraL]

That's because it actually works, so the dismissals are doubly silly in that they fly in the face of trivially observable reality.

[LastTrain]

Crypto didn’t deserve much effort.

[meindnoch]

And they will be proven wrong, like with crypto... oh wait.

[cryo32]

Crypto, block chain, LLMs. All wealth concentrator scams with low to no economic feasibility. What do you expect? Everyone to delude themselves?