Same hypers just moved to different technology.
Because I am too nice and even though every conversation had an element of grift there was still a conversation. Most of them are lost, or struggling with their identity. Yes there's some greed but half of them just want to fit in somewhere and they aren't technical geniuses despite loving technology. I like people like that, of course with out the grift.
That said we don't keep in touch anymore. I do miss them though. I'm something like an abused dog that has seen too many things in their life to not look past all ugliness and see someone's inside. I hang around a lot of hurt people because í want them to have a safe person they can come to if they choose to heal.
Wow that's personal. I should stop posting here and go find some new friends.
I never said grifters but a fair share of my social circle pumped crypto’s/nft’s when they bought some(small amounts but whatever).
Same people just can’t shut up about AI/LLM’s. I don’t care your LLM helped you generate an outlook email address export tool when a quick google reveals outlook can export the email address natively with just a few clicks.
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.
I’m yet to see actual productivity result from people paying to talk to chatbots to generate boilerplate.
But I tend to shy away from hypers so the LLM craze is passing me by. I have seen uses of AI/ML that helps recognise objects in images which I have seen it do OK at(and it should because it’s the same image just 10m down the road). A human then reviews the outputs. It also spits out highly inaccurate outputs fairly often that the human is necessary even with a feedback loop.
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
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.
Who is building their company using permission-less blockchain as the database? The average person still uses a bank checking account, not replacing it with a crypto account.
I haven’t heard of any progress on tokens in the Governance direction.
Stablecoins without a public audit trail have so far stayed relevant, but there are several which are suspiciously reminiscent of the mistakes that SBF made.
We all see the transfer of funds and the ostensible store of wealth when it comes to buying influence or presidential pardons. Those of us not wearing crypto-colored glasses don’t see the promise that VCs sold us on the industry 5-10 years ago.
Most people obviously use multiple accounts of different types. Those who have crypto wallets will never reveal them to you in the interest of their privacy.
Stablecoin firms make so much cash via interest that they're easily over-capitalized.
If you're foolish enough to be manipulated by VC interests, that's your own fault. I would focus on the tech, not on what VCs want you to believe. This applies generally, irrespective of the sector. I don't know why this is hard to understand.