As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.
As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.
Money and gold have value because they can be exchanged easily for goods and services that are really wanted. As long as crypto currencies make it hard to trade for goods ands services, they will be, at best, a fad, at worst, a scam. There needs to be market for crypto to work. All I see is promises, no real commitments to it.
All I ever see around crypto is this vague notion that it could someday be acknowledged and used widely as real money is. But so could bottle caps. I don’t see the mechanism for how it realistically happens. It’s no less a moonshot than it was 3 years ago, IMO.
Just because a lot of people are buying into crypto doesn’t make the underlying inefficiencies in its design (depending on the coin) disappear and make way for common usage. As it stands now, cryptocurrencies are basically glorified ponzi schemes. The people nonstop defending them deserve to be treated with constant skepticism because they have skin in the game and know there’s nothing preventing them from losing it all. It’s in their best interest to believe in it and spread that belief.