alt Hacker NewsFeels more like another blockchain hype cycle to me.
Especially the part where we're always on the cusp of the entire world changing while the biggest change is just that huge sums of money changed hands, inducing psychosis in a large group of investors.
Replies
tayo42 • today at 3:54 PM
Blockchain wasn't this overwhelming though. You could pretty much ignore it if you wanted.
sejje • today at 3:51 PM
We're not on the cusp, we're in the process.
World-changing doesn't happen overnight. The internet didn't, either.
This is like 1991 internet.
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I know what you're saying, there is a lot of speculation going on in AI right now. The difference is there is hard evidence of AI capabilities accelerating now: we've gone from toy chatbots to sort-of useful coding helpers to agents solving novel math problems in 3.5 years. We could plateau any day and a lot of investors would be stuck holding the bag, or we could continue on that trajectory and they'll make crazy profits. With crypto, the bet was always "how much money will people keep sticking in this market?" which seems a lot more flawed to me.