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We could go back to crypto and NFTs being the capital darlings?
by schnebbau 10mo ago
We could go back to crypto and NFTs being the capital darlings?
- dymk 10mo agoThose did not suck up nearly the capital and attention that AI is. They were like GameStop and AMC.
- infecto 10mo agoBut they also did not create the same amount of value that AI is. Certainly there is hype but also value is being generated.
- dymk 10mo agoWhile I welcome the places where it is bringing value, I’m more worried about all the places it’s being shoehorned in that are a waste of money, fueling the bubble. The blast radius is going to be spectacular.
- oldjim798 10mo agoI have yet to see any value generated from AI. Just as useful as NFTs
- infecto 10mo agoThat is just absurd. You are stuck in your head if you genuinely think that is true. Reminds me of some of the “10x engineers” I have worked with in the past that were so arrogant they ignored reality.
- dzhiurgis 10mo agoThen financial system doesn't create value despite being like 20% of economy (crypto is perhaps 5% of finance system).
- infecto 10mo agoIt creates a lot of value though. You may not see it but it exists. People so easily forget what you he financial systems looked like historically. Everything from having fluid loans of all type that don’t discriminate, to ipos, it’s easy to sell a business or to buy one. If I am buying stock it’s never been easier and modern spreads are some of the lowest in history.