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I really don’t get the strategy here. What do the coins have to do with the project? Why would someone who was “lured” into using the project buy the coins? Why

by nkrisc 9mo ago

I really don’t get the strategy here. What do the coins have to do with the project? Why would someone who was “lured” into using the project buy the coins? Why would someone speculating on the coins use the project? What’s the connection? I’m genuinely having a hard time understanding what there even is for someone to “fall for” here. How does any of this trick anyone? I guess I really am just that out of touch with “AI” and cryptocurrency.

kotaKat 9mo ago
People can spin up magic crypto coins backed by other crypto coins at the push of a button. Dirtbag crypto people will spin up a coin in the name of someone's software product, give the project owner a bunch of coin, make them feel special like they're suddenly part of lots of money, and then astroturf and pump the coin as much as they can before setting up for a rugpull by either the project owner trying to cash out, or the crypto folks trying to finish the job off.
- nkrisc 9mo ago
  So I guess it’s just FOMO, because I still can’t really relate to why anyone would actually buy any of those coins.
  - deleted 9mo ago
    [deleted]
  - jaapz 9mo ago
    Exactly. People are buying those coins because they believe other people will buy them, increasing their value.
    - rvnx 9mo ago
      Sounds like investors in Cursor. Cursor was popular because it was reselling OpenAI at a loss, so for 20 USD / month you could consume 200 USD of tokens per day, but now it's over. Founders (coins minters) are leaving the ship. The last ones to leave the ship are going to be left holding the bag.
- jfyi 9mo ago
  Fraudsters are essentially buying the "whitepaper" (technical/business legitimacy) in the classic crypto pump and dump scheme.
- mlrtime 9mo ago
  You didn't answer the question though, you just double downed on crypto=bad. If someone posts a github link of some LLM tool, clawbot or whatever. You are free to run or fork it and then some crypto bro creates a clawbot $coin.. nobody is forcing you to buy the $coin.
  - skybrian 9mo ago
    Crypto or meme stock pump and dump is a game gamblers can play knowing exactly what they’re doing. They need to coordinate on where they will play the game next, and any excuse will do.
  - fauigerzigerk 9mo ago
    Maybe the idea is that associating a coin with something/anything that has momentum will make some people believe that the coin could take off along with the thing.
- DANmode 9mo ago
  or, just never involve the original project itself, which is likely what’s unknowingly being described here: > However CLAWD coin tokens are kicking off right now and people are being lured into buying them as the hype grows.
repelsteeltje 9mo ago
> I guess I really am just that out of touch with “AI” and cryptocurrency. I get that feeling. I suppose it's more about crypto than AI, where the first translates into "pyramid scheme" and the second to "hype". Any kind of defraud must be rooted in someone's greed. In this case that's FOMO about some presumably magic discovery that's gonna change the world. So nothing special you might have missed about AI or cryptocurrencies. It's just that those are relatively cheap and accessible technologies to create and transfer (presumed) wealth.
Uehreka 9mo ago
[flagged]
- afishhh 9mo ago
  I'm going to fucking crash out if another person says they're making a browser and their inline layout does this shit[1] I swear to god. I held off on commenting on the last AI browser post because the author said "it's not even good" so they recognized it's trash (it was). Please educate yourself on how inline layout is supposed to work[2] first. (no, you cannot lay out text span-by-span[3] either...) [1] https://github.com/chrisuehlinger/viberowser/blob/df6f4a265a9864b051c113e8bf2b2b9886404a7d/src/Viberowser/Layout/Engine.hs#L373C7-L373C63 https://github.com/chrisuehlinger/viberowser/blob/df6f4a265a... [2] https://drafts.csswg.org/css-inline-3/ https://drafts.csswg.org/css-inline-3/ [3] https://drafts.csswg.org/css-text-3/#boundary-shaping https://drafts.csswg.org/css-text-3/#boundary-shaping
  - Uehreka 9mo ago
    You found it! Yeah the 4th version of the browser is in Haskell and is only a couple hours in, so it’s nowhere near done. The Go version achieved Acid3 compliance in 7 hours, but I expect this one to take a lot longer since Haskell is a bit more difficult to work with and there’s probably less Haskell in the training dataset.
    - afishhh 9mo ago
      > The Go version Where can I find the Go version?
      - Uehreka 9mo ago
        I’d been archiving/scrubbing each one so that the next assistant wouldn’t be able to use the previous branch as a guide, but since you asked, I pushed the archive of the Go one, feel free to rip it apart: https://github.com/chrisuehlinger/viberowser-go https://github.com/chrisuehlinger/viberowser-go
jillesvangurp 9mo ago
I don't think you are out of touch. I see this more as opportunistic behavior rather than the main thing. A side show. Some people buy/sell crypto. Most people at this point ignore the whole space and have turned their back on them. All that's left is serial bullshitters generally not delivering anything real or tangible whatsoever. But of course, them affiliating themselves with whatever is fashionable is entirely in character. That's what serial bullshitters do. As far as I can see there's little to no overlap in the Venn diagram of crypto tech bro types and AI optimists/utopians. Neither group produces much technology. They mostly just move hot air. And then there's a rather large crowd of skeptical yet open minded people actually getting some early results using or building various AI tools. Most AI stuff on HN breaks into the AI bears (it's all bull-shit and going to end in tears, any minute now) and bulls (AGI is imminent and we're all going to be unemployed and then our AI overlords will kill us). And a few occasional rational things in between. I'm in camp rational. Some cool/useful tools out there. Getting some tangible results using those. Clear and quite rapid progress year on year. Worth keeping up with. I don't worry about employment. I'm quite busy currently. All this AI stuff is generating lots of work and new business potential. And the AIs are not picking up the slack so far. If anything, there's a growing gap between what's possible and what's being realized. That's what opportunity looks like. I see a lot of business potential currently for somebody reasonably handy with AI tools.

by nkrisc 9mo ago

kotaKat 9mo ago

People can spin up magic crypto coins backed by other crypto coins at the push of a button. Dirtbag crypto people will spin up a coin in the name of someone's software product, give the project owner a bunch of coin, make them feel special like they're suddenly part of lots of money, and then astroturf and pump the coin as much as they can before setting up for a rugpull by either the project owner trying to cash out, or the crypto folks trying to finish the job off.

nkrisc 9mo ago
So I guess it’s just FOMO, because I still can’t really relate to why anyone would actually buy any of those coins.
- deleted 9mo ago
  [deleted]
- jaapz 9mo ago
  Exactly. People are buying those coins because they believe other people will buy them, increasing their value.
  - rvnx 9mo ago
    Sounds like investors in Cursor. Cursor was popular because it was reselling OpenAI at a loss, so for 20 USD / month you could consume 200 USD of tokens per day, but now it's over. Founders (coins minters) are leaving the ship. The last ones to leave the ship are going to be left holding the bag.
jfyi 9mo ago
Fraudsters are essentially buying the "whitepaper" (technical/business legitimacy) in the classic crypto pump and dump scheme.
mlrtime 9mo ago
You didn't answer the question though, you just double downed on crypto=bad. If someone posts a github link of some LLM tool, clawbot or whatever. You are free to run or fork it and then some crypto bro creates a clawbot $coin.. nobody is forcing you to buy the $coin.
- skybrian 9mo ago
  Crypto or meme stock pump and dump is a game gamblers can play knowing exactly what they’re doing. They need to coordinate on where they will play the game next, and any excuse will do.
- fauigerzigerk 9mo ago
  Maybe the idea is that associating a coin with something/anything that has momentum will make some people believe that the coin could take off along with the thing.
DANmode 9mo ago
or, just never involve the original project itself, which is likely what’s unknowingly being described here: > However CLAWD coin tokens are kicking off right now and people are being lured into buying them as the hype grows.

repelsteeltje 9mo ago

> I guess I really am just that out of touch with “AI” and cryptocurrency. I get that feeling. I suppose it's more about crypto than AI, where the first translates into "pyramid scheme" and the second to "hype". Any kind of defraud must be rooted in someone's greed. In this case that's FOMO about some presumably magic discovery that's gonna change the world. So nothing special you might have missed about AI or cryptocurrencies. It's just that those are relatively cheap and accessible technologies to create and transfer (presumed) wealth.

Uehreka 9mo ago

[flagged]

afishhh 9mo ago
I'm going to fucking crash out if another person says they're making a browser and their inline layout does this shit[1] I swear to god. I held off on commenting on the last AI browser post because the author said "it's not even good" so they recognized it's trash (it was). Please educate yourself on how inline layout is supposed to work[2] first. (no, you cannot lay out text span-by-span[3] either...) [1] https://github.com/chrisuehlinger/viberowser/blob/df6f4a265a9864b051c113e8bf2b2b9886404a7d/src/Viberowser/Layout/Engine.hs#L373C7-L373C63 https://github.com/chrisuehlinger/viberowser/blob/df6f4a265a... [2] https://drafts.csswg.org/css-inline-3/ https://drafts.csswg.org/css-inline-3/ [3] https://drafts.csswg.org/css-text-3/#boundary-shaping https://drafts.csswg.org/css-text-3/#boundary-shaping
- Uehreka 9mo ago
  You found it! Yeah the 4th version of the browser is in Haskell and is only a couple hours in, so it’s nowhere near done. The Go version achieved Acid3 compliance in 7 hours, but I expect this one to take a lot longer since Haskell is a bit more difficult to work with and there’s probably less Haskell in the training dataset.
  - afishhh 9mo ago
    > The Go version Where can I find the Go version?
    - Uehreka 9mo ago
      I’d been archiving/scrubbing each one so that the next assistant wouldn’t be able to use the previous branch as a guide, but since you asked, I pushed the archive of the Go one, feel free to rip it apart: https://github.com/chrisuehlinger/viberowser-go https://github.com/chrisuehlinger/viberowser-go

jillesvangurp 9mo ago

I don't think you are out of touch. I see this more as opportunistic behavior rather than the main thing. A side show. Some people buy/sell crypto. Most people at this point ignore the whole space and have turned their back on them. All that's left is serial bullshitters generally not delivering anything real or tangible whatsoever. But of course, them affiliating themselves with whatever is fashionable is entirely in character. That's what serial bullshitters do. As far as I can see there's little to no overlap in the Venn diagram of crypto tech bro types and AI optimists/utopians. Neither group produces much technology. They mostly just move hot air. And then there's a rather large crowd of skeptical yet open minded people actually getting some early results using or building various AI tools. Most AI stuff on HN breaks into the AI bears (it's all bull-shit and going to end in tears, any minute now) and bulls (AGI is imminent and we're all going to be unemployed and then our AI overlords will kill us). And a few occasional rational things in between. I'm in camp rational. Some cool/useful tools out there. Getting some tangible results using those. Clear and quite rapid progress year on year. Worth keeping up with. I don't worry about employment. I'm quite busy currently. All this AI stuff is generating lots of work and new business potential. And the AIs are not picking up the slack so far. If anything, there's a growing gap between what's possible and what's being realized. That's what opportunity looks like. I see a lot of business potential currently for somebody reasonably handy with AI tools.