alt Hacker NewsI 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.
The irony with blockchain is that it also had a bunch of real life use cases but the sheer extremity of the hype cycle managed to actually prevent them from being effectively brought to life.
There was a lot of genuinely useful tech that blockchain could have facilitated and all we were left with in the end was a mountain of scams and bitcoin.
I'm seeing something similar with AI where the genuinely useful stuff is getting washed out by the hype simply because it's a gradual improvement and not "disruptive". Meanwhile the stuff sold as disruptive like vibe coding is mostly bullshit.