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Is Crypto Finally Dead? (beehaw.org)

submitted 1 year ago by [email protected] to c/[email protected]

289 comments fedilink hide all child comments

Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but...

Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?

I feel like it is, but I'm having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM "prompts?" Maybe the rug just got pulled enough times that everyone lost trust.

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[–] [email protected] 18 points 1 year ago (2 children)

P2P is the new hotness
LAMP is the new hotness
Ruby on Rails is the new hotness
Big data is the new hotness
Machine Learning is the new hotness
Crypto is the new hotness
AI is the net hotness

None of these died, none of them were the new hotness for very long. Oh by the by, our company is looking for anyone with fifteen years experience in ChatGPT (/s). But in all serious, there's always a very vocal group that's chasing the hype. No idea how big they truly are, but they sure do bang the gong the entire time.

[–] [email protected] 14 points 1 year ago (1 children)

Spoiler alert: AI is ML is Big Data.

[–] [email protected] 11 points 1 year ago (1 children)

Also, ML is just statistics and calculus.

[–] [email protected] 5 points 1 year ago

It's true, and it's not much like real intelligence, all the hype notwithstanding. On the other hand, statistics and calculus are pretty powerful tools and so are the ML systems that use them.

[–] [email protected] 2 points 1 year ago (1 children)

there is a group of influencers in tech that seem to jump from topic to topic, re-selling peoples projects and poorly written training/success classes. its sometimes shocking how quickly some of them change. Ive been doing AI on and off for 6 years now and I know a number of these people could not spell "neural network" a couple years ago.

[–] [email protected] 2 points 1 year ago

I have worked with these people. They are very good at skimming the surface of every new thing and convincing others they are experts. Meanwhile, the really smart people are often busy with the projects they're already deeply immersed in, so they can't turn on a dime like this, nor do they want to.