NFT was the worst "tech" crap I have ever even heard about, like pure 100% total full scam. Kind of impressed that anyone could be so stupid they'd fall for it.
this post was submitted on 15 Apr 2025
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The whole NFT/crypto currency thing is so incredibly frustrating. Like, being able to verify that a given file is unique could be very useful. Instead, we simply used the technology for scamming people.
I don't think NFTs can do that either. Collections are copied to another contract address all the time. There isn't a way to verify if there isn't another copy of an NFT on the blockchain.
It's crazy that people could see NFTs were a scam but can't see the same concept in virtual coins.
because there are some buisness that accept some crypto, mostly grey or black market ones, but respectable companies none the less.
A large majority of "real" money is digital, like 80% non-m1 m2. The only real difference between crypto and USD is that the crypto is a public multiple ledger system that allows you to be your own bank.
I've heard the sales pitch, it's a ponzi scheme with receipts. An open pyramid, so to speak. At best a volatile store of wealth.
So is fiat.
What do you mean with being your own bank? Can you receive deposits from customers? Are you allowed to lend a portion of the deposists onwards for business loans/mortgages? If not, you are not your “own bank”.
I think you mean that you can use it as a deposit for money, similar to, say, an old sock.
Banks have multiple ledgers to keep track of who owns what and where it all came from. They also use ancient fortran/cobol written IBM owned software to manage all bank to bank transactions, which is the barrier for entry.
Blockchain is literally a multiple ledger system. That is all it is. The protocol to send and recieve funds is open for all.
Locally stored BTC is when you're the bank. For all the good and bad that comes with it.
That sounds super cool and stuff, but it has nothing to do with the essence of banking. Banks are businesses that take deposits for safekeeping and that provide credit. Banks in fact outdate Fortran by a 1000 years or so.
Oh, my apologies for not taking note of your 0.18% savings account interest rate.
It's crazy that people see crypto as a scam but can't see the same concept in fiat currencies.
Governments don't accept cryptocurrencies for taxes. They're not real currencies.
They don't usually accept other nation's currencies in general.
No, but for every real currency it's accepted (and required) to pay taxes somewhere.
"Real currency" also gets created or destroyed by a government at whims. Anybody clutching their USD rn isn't going to benefit in the long run.
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Can you imagine how helpful AI would have been in sequencing the human genome? Do you understand how it's being used in hospitals today to identify cancerous cells? Do you know how helpful it is in language translation?
If you're "tired" of it it's because you don't understand it.
I do feel that, unlike Crypto, AI (or, to drop the buzzwords, LLMs and other machine-learning based language processors and parsers) will end up having a place in the world.
As it is NOW, the AI hype train is definitely an investment bubble and it will definitely explode in a glorious fashion eventually. Taking a lot of people down with it.
But unlike Crypto, AI does -- It like does things, you know? Even if I personally feel like it's mostly only good for a toy, all my attempts to use it for anything society would deem "valuable" were frustrated, but at least I can RP with it when my friends aren't available. It is a thing that exists and can be used.
Crypto was funny because it was literally useless. Just an incredibly wasteful techno-fetishistic speculative vehicle with precisely zero shame about being that.
As for what's next, I think Quantum Computing might be it. That is, assuming the Tech Industry even survives the bubble's burst in its current form. Because everyone in the industry is putting all their eggs including theoretical eggs that haven't even been laid, and in fact there's not even a chicken in this AI hype train. And even with AI becoming part of people's lives, as I predict it indeed will, when the bubble does burst it might end up hitting the reset button on who is truly in charge of things.
Drag hopes that Google and the other tech giants go bankrupt, and Ask Jeeves makes a comeback
I don't think it's going to be like that :(
LoL. Yeah, I’m sure this electricity hype train will die any day now, too. Are people still using wheels?
For better or worse, AI is here to stay. Unlike NFTs, it’s actually used by ordinary people - and there’s no sign of it stopping anytime soon.
ChatGPT loses money on every query their premium subscribers submit. They lose money when people use copilot, which they resell to Microsoft. And it’s not like they’re going to make it up on volume - heavy users are significantly more costly.
This isn’t unique to ChatGPT.
Yes, it has its uses; no, it cannot continue in the way it has so far. Is it worth more than $200/month to you? Microsoft is tearing up datacenter deals. I don’t know what the future is, but this ain’t it.
ETA I think that management gets the most benefit, by far, and that’s why there’s so much talk about it. I recently needed to lead a meeting and spent some time building the deck with a LLM; took me 20 min to do something otherwise would have taken over an hour. When that is your job alongside responding to emails, it’s easy to see the draw. Of course, many of these people are in Bullshit Jobs.
Right, but most of their expenditures are not in the queries themselves but in model training. I think capital for training will dry up in coming years but people will keep running queries on the existing models, with more and more emphasis on efficiency. I hate AI overall but it does have its uses.
No, that’s the thing. There’s still significant expenditure to simply respond to a query. It’s not like Facebook where it costs $1 million to build it and $0.10/month for every additional user. It’s $1billion to build and $1 per query. There’s no recouping the cost at scale like previous tech innovation. The more use it gets, the more it costs to run, in a straight line, not asymptotically.
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There's nothing wrong with using AI in your personal or professional life. But let's be honest here: people who find value in it are in the extreme minority. At least at the moment, and in its current form. So companies burning fossil fuels, losing money spinning up these endless LLMs, and then shoving them down our throats in every. single. product. is extremely annoying and makes me root for the technology as a whole to fail.
Unlike NFTs, it’s actually used by ordinary people
Yeah, but i don't recall every tech company shoving NFTs into every product ever whether it made sense or if people wanted it or not. Not so with AI. Like, pretty much every second or third tech article these days is "[Company] shoves AI somewhere else no one asked for".
It's being force-fed to people in a way blockchain and NFTs never were. All so it can gobble up training data.
It is definitely here to stay, but the hype of AGI being just around the corner is definitely not believable. And a lot of the billions being invested in AI will never return a profit.
AI is already a commodity. People will be paying $10/month at max for general AI. Whether Gemini, Apple Intelligence, Llama, ChatGPT, copilot or Deepseek. People will just have one cheap plan that covers anything an ordinary person would need. Most people might even limit themselves to free plans supported by advertisements.
These companies aren't going to be able to extract revenues in the $20-$100/month from the general population, which is what they need to recoup their investments.
Specialized implementations for law firms, medical field, etc will be able to charge more per seat, but their user base will be small. And even they will face stiff competition.
I do believe AI can mostly solve quite a few of the problems of an aging society, by making the smaller pool of workers significantly more productive. But it will not be able to fully replace humans any time soon.
It's kinda like email or the web. You can make money using these technologies, but by itself it's not a big money maker.
Does it really boost productivity? In my experience, if a long email can be written by an AI, then you should just email the AI prompt directly to the email recipient and save everyone involved some time. AI is like reverse file compression. No new information is added, just noise.
If that email needs to go to a client or stakeholder, then our culture won't accept just the prompt.
Where it really shines is translation, transcription and coding.
Programmers can easily double their productivity and increase the quality of their code, tests and documentation while reducing bugs.
Translation is basically perfect. Human translators aren't needed. At most they can review, but it's basically errorless, so they won't really change the outcome.
Transcribing meetings also works very well. No typos or grammar errors, only sometimes issues with acronyms and technical terms, but those are easy to spot and correct.
As a programmer, there are so very few situations where I've seen LLMs suggest reasonable code. There are some that are good at it in some very limited situations but for the most part they're just as bad at writing code as they are at everything else.
I think the main gain is in automation scripts for people with little coding experience. They don't need perfect or efficient code, they just need something barely functioning which is something that LLMs can generate. It doesn't always work, but most of the time it works well enough
Programmers can double their productivity and increase quality of code?!? If AI can do that for you, you're not a programmer, you're writing some HTML.
We tried AI a lot and I've never seen a single useful result. Every single time, even for pretty trivial things, we had to fix several bugs and the time we needed went up instead of down. Every. Single. Time.
Best AI can do for programmers is context sensitive auto completion.
Another thing where AI might be useful is static code analysis.
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AI and NFT are not even close. Almost every person I know uses AI, and nobody I know used NFT even once. NFT was a marginal thing compared to AI today.
I can’t think of anyone using AI. Many people talking about encouraging their customers/clients to use AI, but no one using it themselves.
What?
If you ever used online translators like google translate or deepl, that was using AI. Most email providers use AI for spam detection. A lot of cameras use AI to set parameters or improve/denoise images. Cars with certain levels of automation often use AI.
That's for everyday uses, AI is used all the time in fields like astronomy and medicine, and even in mathematics for assistance in writing proofs.
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I have been using copilot since like April 2023 for coding, if you don't use it you are doing yourself a disservice it's excellent at eliminating chores, write the first unit test, it can fill in the rest after you simply name the next unit test.
Want to edit sql? Ask copilot
Want to generate json based on sql with some dummy data? Ask copilot
Why do stupid menial tasks that you have to do sometimes when you can just ask "AI" to do it for you?
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