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I'm only saying what I saw during the hype bubble. People were looking for a reason to use blockchain (or just be able to say blockchain in relation to their co
by rorykoehler 8y ago
I'm only saying what I saw during the hype bubble. People were looking for a reason to use blockchain (or just be able to say blockchain in relation to their company) rather than letting the problem drive the technology choice. This behaviour suddenly disappeared when the bubble burst. There is lots of smart money in VC and the dumb money follows it. Mostly it seems to be from laziness and herd mentality rather than actually being stupid. If you invest a little in everything you're bound to pick a winner. The ratio is skewed way out past 1 in 10 in this scenario.
> It would be much more interesting and productive to discuss what they see in AI and why they feel so much urgency, rather than dismissing them as fools falling for magic.
I can answer that question without asking. People can see the potential to do more work with less people and make truckloads of cash. Everyone is scared of being the stupid one and be left holding their dick whilst everyone else gets rich. When you have cash to spend it's a small risk to take.