The thing is, blockchains *are* really cool.
Blockchains enable you to solve certain classes of problems that historically required a trusted centralized authority.
But there was a vested capital interest in hyping blockchains as being FAR more broadly disruptive than they actually were.
Blockchains enable you to solve certain classes of problems that historically required a trusted centralized authority.
But there was a vested capital interest in hyping blockchains as being FAR more broadly disruptive than they actually were.
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If you have access to capital, you get in early, spend years hyping up "disruption", then time your exit before the bubble deflates.
(1) is that the tech bubble *requires* unhinged and unrealistic growth expectations, meaning endless hype.
(2) is that large tech companies are STILL over-hired relative to growth, so they're shedding jobs as the growth doesn't materialize
It's easier to say "we're investing in AI" rather than "We overhyped our growth expectations again."
Full stop on that one, stop the hemorrhaging lol!
These people will not be replaced by AI. They're simply not being replaced AT ALL — they were hired for growth that never should have been forecasted.
The trade press never asks.
Despite what anyone says, these AI tools are not "plug and play and forget" tools.
One thing I think you get wrong is climbdowns. The archtype tech guru is Musk, who is an idiot about tech but a grandmaster of hype. You never admit anything failed. You just quit talking about it in favor of your newer shinier magic beans
Social Media is manipulation and brain washing.
So, exceptions that effectively prove your rule.
Stuff in the physical world doesn't just turn into ones and zeros on its own, it requires someone to do that transformation using some sort of tool. And you have to trust that actor to be honest.
still seems super inefficient to me. it's the current system with more steps plus, idk, McKinsey
Anyone who thinks a blockchain is a magic solution to GIGO is not thinking clearly.
There's still value to non refutation and timestamping
Like, in the olive oil example that person gave: who verifies the authenticity? How do you know that this particular bottle with the blockchain-verified lot code on it wasn't dumped out and sold on the sly by the manufacturer to their friends?
Blockchain-based authenticated timestamps are super useful and they're being used to document war crimes among other things
OriginStamp for example uses Merkle Trees embedded in a blockchain,
making proofing multiple orders of magnitude more efficient.
It's pretty slick