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Dumb investors losing money because they buy into hype without doing their homework (i.e. their job) is a good thing. It's a form of Darwinism. Happens all the
by jillesvangurp 5y ago
Dumb investors losing money because they buy into hype without doing their homework (i.e. their job) is a good thing. It's a form of Darwinism. Happens all the time. So, let nature take its course and all will be fine. This is just the normal hype cycle playing out.
Science is about asking questions and forming hypotheses to answer those questions and trying to falsify these. An influx of money is good for that process as the worst case here is that it will pile up a lot of documented falsification and thus lead to better questions. Which is still a good outcome. Once you have people asking the right questions and forming better hypotheses, everybody wins.
Just because there are a lot of bad quantum computing startups doesn't mean that there aren't some more serious ones that are actually making progress. We've seen the same with all the smoke and mirrors AI BS coming out of silicon valley. Lots of glorified if .. else .. logic that gets peddled as deep learning. But in between all the BS, there are a few companies actually doing cool stuff and making some genuine progress.
- AussieWog93 5y agoI studied a "hype" field a few years back (Machine Learning and its application to Brain-Computer Interfaces), and can't help but disagree with you. The AI hype didn't lead to documented falsification or better questions, but a mountain of bullshit literature that was designed to get grants and satisfy the "publish or perish" imperative.