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And many founders. The only difference to crypto here is that it's not the average retail investor doing pumping and dumping, it's the VCs and founders. Most fo
by loveparade 3y ago
And many founders. The only difference to crypto here is that it's not the average retail investor doing pumping and dumping, it's the VCs and founders. Most founders will try to cash out with an acquisition while the hype is strong before the thing crashes and people realize there isn't any value behind it. Just like, you know, an ICO, but regulated.
Just to clarify, I'm not talking about LLMs in general, which I do believe have value, but about the current wave of low quality AI startups in the bubble.
- trilbyglens 3y agoThis is always the case though with a new area of tech. The speed and churn of these "pump and dump" actions is slow, and very high effort (a typical acquisition will have a multi-year cliff requirement for founders).
- loveparade 3y agoYeah, I'm just pushing back on the claim that crypto assets are fundamentally different. It's the same scheme, just faster and unregulated.