mastermind
So true.
With LLMs, I can think of a few realistic and valuable applications even if they don’t successfully deliver on the hype and don’t actually shake the world upside down. With blockchain, I just could never see anything in it. Anyone trying to sell me on its promises would use the exact words people use to sell a scam.
I think blockchain, as a concept, had some promise, but those damn buzzword vultures killed anything it had going for it.
Crypto’s main draw was being decentralized and unregulated. Once that was taken away, it just became another speculative investment. NFTs as a token of ownership for things that actually have inherent value like a car, or a house, makes sense on paper, but would require a lot of standardization before it became feasible digital asset management (i.e. reduce blockchain theft scams). Ownership if a jpeg stollen from deviantart doesn’t even make sense on paper and I’m convinced those prices were mainly driven by money laundering.
Honestly I never bought that cryptocurrencies could remain unregulated long, there was just no reason for governments to want it to stay that way. It probably took more time for the regulator to catch up than I initially thought, but the writing was on the wall from day 1.
For NFTs; yeah, I see what you mean. And digital asset management don’t feel to me like it particularly needed that kind of disruption. Like, there isn’t significant business upside or value to my house title’s ownership being stored in the blockchain, rather than in my county’s private database like it is today. And since there wasn’t a reason for people to assign any perceived business value to the NFT vs the private DB record, therefore the NFT had no value, by definition. I could just never see it.