The "AI changes everything" people rhyme remarkably well with the "blockchain changes everything" people.

[mattblaze@federate.social]

The "AI changes everything" people rhyme remarkably well with the "blockchain changes everything" people.

[mattblaze@federate.social]

It's just like the way the Segway completely changed the way cities work.

[me_valentijn@m.ai6yr.org]

@mattblaze
We never had a Segway bubble. The AI one could change things quite a bit when it bursts

[tuban_muzuru@beige.party]

@me_valentijn @mattblaze

Yeah, I'm not looking forward to the AI Police tearing the AI out of my rice maker.

Bonfire of the vanities. When the smoke blows off this mess, AI will be firmly in place in human society and butter won't melt in their mouths when they say "I was never really against AI, just the people involved"

[irrationalmethod@social.coop]

@mattblaze

Yes, but unfortunately the "AI changes everything" people seem to be a lot more vocal and getting more attention.

[octothorpe@mastodon.online]

@mattblaze weirdly, they’re a lot of the same people…

[me_valentijn@m.ai6yr.org]

@tuban_muzuru @mattblaze
Not to worry, you can keep talking to your rice maker for as long as you want.

[jazone@theforkiverse.com]

@mattblaze

People don't collect Segways as a commodity.
#Cryptocurrency has held its value while #AI is crashing.
Pick one.

[tuban_muzuru@beige.party]

@me_valentijn @mattblaze

Just as long as these innumerate AI Taliban stay off my porch.

[mattblaze@federate.social]

@octothorpe Funny, that.

[razemix@mamutovo.cz]

@Jazone @mattblaze But cryptocurrency is just a subcateory. They were trying to put blockchain in everything.

[jazone@theforkiverse.com]

@Razemix @mattblaze

You are talking about the same corporate USA that allows its citizens to die from cigarette lung cancer.
#Cronycapitalism will kill you if there are not any #laws and #regulation of oathless charlatans.

[benroyce@mastodon.social]

@Jazone @mattblaze

sure, cryptocurrency has been remarkably profitable

for the whales

the rest are gullible rubes who are robbed by con men extolling an amazing flimsy tech dream built on hype and FOMO

just like AI

[jazone@theforkiverse.com]

@benroyce @mattblaze

Same as the tobacco industry.
The tactics are the same predatory #cronycapitalism that arise from no #laws or regulation.
Some #cryptocurrency has legitimate uses. Others do not.
Buyer beware. Do your research if curious or a collector of limited market quantities.
Supply and demand etc. etc.
I can't blame people for collecting stupid junk.

[navi@catcatnya.com]

@mattblaze funny you should say that, that kinda all went into e-scooters, and rental e-scooters have absolutely had an impact on cities

[benroyce@mastodon.social]

@IrrationalMethod @mattblaze

i think of it as:

in cryptocurrency the con job preys on random airheads by promising them flimsy tech dreams

then the whales sell, and "oh well" to the airheads

in AI the con job preys upon c-suites by suggesting they are missing out on flimsy tech dreams

then the c-suites find themselves in a sea of mediocrity and the hatred of their employees

in both cases the inevitable crash completes the confidence game, and the con men walk away with a fat payout

[benroyce@mastodon.social]

@Jazone @mattblaze

i'll go further:

the *idea* of #cryptocurrency was promising. a sort of freedom. but instead the whole space from top to bottom has been coopted by the worst characters. all of cryptocurrency is now nothing but grifters and criminals, and a sea of impressionable degenerates who don't understand how they are being robbed by whales. just waiting on the rug pull with stars in their eyes

[mattblaze@federate.social]

@navi it seems like scooters had a modest impact, probably mostly offsetting personally owned bicycles. I don’t think they’ve come anywhere close to “changing how cities work” (the supposed promise of the segway). A thing can be successful without being “revolutionary”.

[jazone@theforkiverse.com]

@benroyce @mattblaze

Guys, the rug would have been "pulled out" before an #IRS tax structure was adopted to mange capital gains on #cryptocurrency sales.

Now, I predict that there will be a culling in the crypto markets because there are nearly thousands of worthless grift within the market as you have correctly identified.
Time, adaption and adoption should create the culling cycle eventually.
Big risk is big reward or cascade failure.

[benroyce@mastodon.social]

@Jazone @mattblaze

right but i'd say the entire sector is a grift

it has no applications, besides as a casino whose selling point is tech hype. it's 2026: nothing useful, nothing large scale, has been adopted from #cryptocurrency. people thought it was a new internet

it started out full of dreams, which is fine. normal. noble even

but there's a lot of that in tech: dead ends

and all cryptocurrency offers now is this endless hype and nothing but harvesting money from the impressionable