No new governments on the DAO, no ubiquitous programs running on the chain, no magical new answer to “fiat”… just a lot of empty promises and waste.
No one here ever seems to learn.
Is your thesis that AI is useless? Because that seems like fantasy to me.
There is maybe a case to make around the economics of AI companies, but even there I'm very skeptical because the open models are quite capable on relatively inexpensive hardware.
ML isn’t useless, that’s been obvious for a while, but it’s grossly overhyped and people here who think their vibe-coding isn’t ultimately worthless are delusional.
To me and many others who were there this feels a lot like the dot com boom. It was hyped like crazy. Many companies got huge valuations and then disappeared almost overnight when the bubble popped, but overall the hype was not just valid but under stated.
> People here who think their vibe-coding isn’t ultimately worthless are delusional
Depends what you value, I guess, I mean ultimately everything is dust and ashes. But if you think that typical vibe-coding output is more worthless than typical pre-LLM coding then you're just wrong.
What I see in this hype round that's relatively novel is a lot of people trying to persuade themselves that it might all go away if they wish hard enough.
ML has uses, those uses probably don’t make anyone rich on their own without the current pattern of hype and fraud. Those uses probably won’t end up replacing white collar work as it would have to for the valuations involved to be sane.
It was very unclear that this was your argument. Sure. Maybe. I don't much care either way.
> Those uses probably won’t end up replacing white collar work
Ironically the only way I see you being correct here is if it generates so much economic growth that it indirectly creates more jobs than it destroys (which I don't think is a wildly unlikely scenario).l
Edit: Perhaps you mean all white collar work though, in which case sure, I don't buy that either.