Blockchain was an interesting niche tech that was not good for anything practical but was hyped to the rafters by grifters and failed spectacularly.
Generative AI is the new interesting niche tech that's not good for anything practical but is being hyped to the rafters by grifters and will fail spectacularly.
When ordinary people just assume anyone in tech is full of shit, this is why.
@fraying I feel like the Helium network is an exception. Of course that didn't stop it getting "hyped to the rafters by grifters".
I wouldn't call it "failed" yet, but it's frustrating to see it get thrown around at whims of the broader crypto space, with no regard for the actual problem it's trying to solve.
I worry about the same for AI; how many great projects will be caught up in the noise of the AI news cycle.
@fraying yep!
That article is a great example of how great-fit-for-blockchain turned in to crazy hype.
Like, it worked and there is now good coverage. I think that can be called a success, no?
@fraying I've seen scam thrown around a few times, and I just don't get it. Where is the scam?
Some people got greedy and in hindsight spent more money than they had to invest, but I think it's a stretch to say the whole thing is a scam because of that.
Back to your original post, I just think it's a shame that blockchain + greed = blockchain is a scam and a failure.
1) the idea of using LoRa for a decentralized worldwide network is absurd
2) if you want to do a network of independent Wi-Fi hotspots, https://en.m.wikipedia.org/wiki/Freifunk already does this and doesn’t need crypto
Derek Powazek 🐐
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