this post was submitted on 11 Oct 2023
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It also reminds me of crypto. Lots of people made money from it, but the reason why the technology persists has more to do with the perceived potential of it rather than its actual usefulness today.
There are a lot of challenges with AI (or, more accurately, LLMs) that may or may not be inherent to the technology. And if issues cannot be solved, we may end up with a flawed technology that, we are told, is just about to finally mature enough for mainstream use. Just like crypto.
To be fair, though, AI already has some very clear use cases, while crypto is still mostly looking for a problem to fix.
I'm still trying to transfer $100 from Kazakhstan to me here. By far the lowest fee option is actually crypto since the biggest difference is the currency conversion. If you have to convert anyway, might as well only pay 0.30% on both ends
Look into DJED on Cardano. It’s WAY cheaper than ETH (but perhaps not cheaper than some others). A friend of mine sent $10,000 to Thailand for less than a dollar in transaction fees. To 1bluepixel: Sounds like a use-case to me!
Crypto found a problem to fix. The reason the problem remains: everything is run by that problem so it was astroturfed to death by parties that run the current financial system and the enemy of their enemy (who’s a friend), opportunistic scammers like SBF and Do Kwan.