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There's a big difference between NFTs and most DeFi, and LLMs and other generative AIs. NFTs and shitcoins clearly had no actual non-scam usecases - they didn't
by jameshart 4y ago
There's a big difference between NFTs and most DeFi, and LLMs and other generative AIs. NFTs and shitcoins clearly had no actual non-scam usecases - they didn't actually enable anything genuinely interesting to be done that was previously impossible (except for breaking the law in some slightly new and interesting ways). But LLMs and friends... these bring things that were impossible, or impractical, or unscalable, into the realm of possibility. There will be genuinely important things built on this tech. Figuring out what is going to be properly hard work though.
But of course, there will also be a ton of lazy ill-thought-out crap, too.
And the danger is that NFTs and cryptoscams created a bunch of random lottery winners who think they got rich off their genius insight into how to apply innovative tech, but who actually only proved they know how to generate ill-thought-out crap, very quickly, at the start of a hype curve. So unsurprising to see them moving in. But without the obvious get-rich-quick scam opportunities, and the likely massive compute fees doing anything interesting in this space will involve, it's less obvious how long those folks will stick around.