People push back on the Crypto/NFT <—> LLMs comparison but I think it’s spot on.

Crypto failed because it could never be honest about its trade offs and the reasons for centralization in the first place. It couldn’t be honest about its flaws because then VCs and private equity would make less money.

LLMs as an immediate panacea is failing because it can’t be honest about what actual intelligence is, where human-computer-interaction is, and its ultimate goal of culling jobs. It couldn’t be honest about its flaws because then VCs and private equity would make less money.

If only there was some pattern involved here we could avoid the pitfalls of these hype cycles - the pitfalls that end up in a whole lot of people being worse off and a couple new Lake Tahoe vacation home purchases.