I hate that humans really do the dumbest shit and sometimes it benefits other bad humans because the ignorant ones don’t realize they’re getting fucked.
Crypto is a perfect example. It’s being traded and treated like a security but it is literally backed by thin air. Bitcoin is a huge bubble propped up by speculators and sooner or later it will come tumbling down.
I do wish I was brave or stupid enough to buy into crypto because it can pay out but only because the people who are all in on it don’t actually know how it works. It’s definitely mostly just rug pulls and scams in crypto land.
The idea of a decentralized global currency is not bad per se but all the current implementations of crypto are bad and not being used like currency at all.
Agreed that Crypto, NFTs, and I would even say LLMs very broadly speaking, are not evil technologies (LLMs are incredibly unfortunate – this is perhaps the worst time in history for them to become available) per se. All of these have limited applicability. But obviously any new platform or tech has to disrupt entire industries or else it’s a total flop, so we get these idiotic bubbles.
Bitcoin is a huge bubble propped up by speculators and sooner or later it will come tumbling down.
My take (OK actually this take) is it’s because all the “legitimate” grinds are funnelling value up to 10 different billionaires, leaving less and less to go around. The only thing left is scam economics – fooling desperate people to ““invest”” in the latest grift, on the gamble that they can get their measly capital in on the new bubble before the suckers and bag holders come sniffing around. But of course the 0.01% own the whole gameboard, so good lucky screwing over your fellow investors, and oh yeah, every single working person.
I think that’s why the AI platforms are being pushed so forcefully – like, there is nothing organic or deliberate about them. Just like Crypto & NFTs. There’s no other way to make oodles of money anymore.
It reminds me of crypto. “Etherium would work perfectly if people just stopped acting so… human! And used it right!”
Chatbots are the same. They’re selling a fantasy that’s just not how human beings behave.
I hate that humans really do the dumbest shit and sometimes it benefits other bad humans because the ignorant ones don’t realize they’re getting fucked.
Crypto is a perfect example. It’s being traded and treated like a security but it is literally backed by thin air. Bitcoin is a huge bubble propped up by speculators and sooner or later it will come tumbling down.
I do wish I was brave or stupid enough to buy into crypto because it can pay out but only because the people who are all in on it don’t actually know how it works. It’s definitely mostly just rug pulls and scams in crypto land.
The idea of a decentralized global currency is not bad per se but all the current implementations of crypto are bad and not being used like currency at all.
Agreed that Crypto, NFTs, and I would even say LLMs very broadly speaking, are not evil technologies (LLMs are incredibly unfortunate – this is perhaps the worst time in history for them to become available) per se. All of these have limited applicability. But obviously any new platform or tech has to disrupt entire industries or else it’s a total flop, so we get these idiotic bubbles.
My take (OK actually this take) is it’s because all the “legitimate” grinds are funnelling value up to 10 different billionaires, leaving less and less to go around. The only thing left is scam economics – fooling desperate people to ““invest”” in the latest grift, on the gamble that they can get their measly capital in on the new bubble before the suckers and bag holders come sniffing around. But of course the 0.01% own the whole gameboard, so good lucky screwing over your fellow investors, and oh yeah, every single working person.
I think that’s why the AI platforms are being pushed so forcefully – like, there is nothing organic or deliberate about them. Just like Crypto & NFTs. There’s no other way to make oodles of money anymore.
Good link, thanks.
Yeah, I buy that, especially in poorer places. But also, I think it’s just simple “scammer opportunism.”
Yeah it’s hard to tell. Are they scamming just because they can, or because it’s the only opportunity left.