I feel like this doesn't really answer the "why," it just describes the situation. Almost everything said here could apply to anything in the VC-funded world; what makes the crypto space uniquely vulnerable to this cycle?
Crypto has had a lot of fads. NFTs, GameFi, memecoins, airdrops... these had no fundamental demand so if you missed the fad you got nothing. There's durable demand for no-KYC leveraged trading and stablecoin issuing and that's about it.
That’s not what I said. I don’t think the author is necessarily trying to “convince” anyone, but clearly they care about the subject and welcome the idea of more people learning about it (hence providing more resources). All I’m saying is it would be nice to have some reasons why it’s worth investigating further. For all I know from the post, the author may think this is just a fun curiosity with no other applications. Which is fine, but I (and I believe more people) would be grateful to know if that’s the only reason or there’s something more (and what).
The company's main site is truly bonkers. 27 repetitions of the term "Tier 1," half of them applied to nonsensical things. The CEOs bio lists his League of Legends ranking, twice. 14 available products listed for a supposedly 4 month old company. 24-point feature comparison against ChatGPT, almost none of them even remotely related to anything ChatGPT is even targeting.
Honestly this seems like the product of a guy on a fast track to a major nervous breakdown.
That probably describes some corners of Tesla's market, but 99% of people buying Teslas and FSD are doing it because it is (was?) a cool car with a potentially cool feature. You're letting the wildly unrepresentative sample of "loud people on the Internet" distort your perception of the world at large.
I'm barely a whisper on the Internet, but let me repeat my own daily lived experience with FSD: it's amazing, useful, and a better driver than me 90% of the time. I use it every day on my commute, most days driveway to parking spot without intervention. It drove me 4 1/2 hours through Atlanta rush hour traffic, into the city, and to the hotel dropoff. When I have a drink after work, or tired from a long drive, I don't worry about a small drop in attention raising the chance of an accident.
It's not perfect, and probably oversold, but it's amazing and useful. You find within days of using it where your trust and comfort level are with the technology. When I get in a car without it (or worse, with a steering wheel and console covered in confusing buttons and dials!), I feel like I'm steering an Amish hay wagon.
nb. I subscribe to the service, I don't have an FSD investment to justify.
How in the world did you read "hit piece on open source" into this article? There's nothing negative about open source at all, he's making exactly the same point as you.
A lot of arguing "against LLMs" is not arguing "shovels aren't useful," it's arguing "maybe shovels aren't actually going to replace all human labor, and sinking so much capital into it we're starting to conceptualize it in terms of 'percent of global GDP' might not be such a great idea."
