It's still overhyped and being shoved into every app, service and system that exists whether it adds value or not.
Its definitely not going away, there's some real value to LLM/AI (much more than crypto anyway) but make no mistake there's going to be a significant correction where the bubble bursts and AI becomes right sized.
I'd argue that people got way too excited about what NFTs offer. Being able to own/transfer a digital item with a standardized interface is interesting technically (and has real value, for example ENS names), but holy hell did people go all Beanie Baby on them...
That's not arguing with my point though, people definitely did get excited about perceived value, but it didn't really benefit most people in any way because it was only a promise, not an actual thing
LLMs and other generational AI produce something that immediately has value
If I ask chatgpt to write me a python function I now have a python function I can use, if I ask it to explain something and then attempt to apply that knowledge I've learned something useful
If I bought an nft the value of that nft would only be what people decide it is worth
Oh, sorry, I wasn't intending to argue against your main point. For the most part, I agree with you.
What I don't agree with is that the value of NFTs (as a technology) is dubious. Instead I think it's overstated.
In the same vein as "LLMs can write Python", NFTs provide ownership information. Regardless of what some asshat pays for a picture of a monkey, the underlying technology still has merit.
True I suppose, but I don't really gain anything from owning that information other than being able to say I own it
A copyright or a patent does the same job, but is actually enforceable
I guess you could use an nft to prove something is a copy but a hash should do pretty much the same thing (also they could change one pixel to invalidate the nft if I understand correctly)
It said cost worries have risen not costs themselves, it was in the same paragraph about concerns with response accuracy, I imagine that's just a survey
In reality both cost and reliability have improved massively since ai took off like this, requests cost a fraction of a penny each and provided you prompt it right gpt 4o gets it right 90% of the time for me
Yes crypto is full of scam coins, but scammers permeate everything, should we give up on email too for the same reasons? Saying crypto in general is a scam is just ignorant.
XMR as well provides key privacy protections, etc.
When I say dubious I mean it's not tangible, there's no guarantee of its value.
If I have chatgpt write me a block of code that block of code is inherently and immediately useful to me
If I buy a bitcoin it will probably eventually increase in value but I can't do anything with it, and there's no guarantee it won't be immediately worthless the next day
I guess by the same logic you could say the code might be immediately worthless if there's a solar flare that wipes out all technology on earth but you get my point I'm sure