Crypto has not really taken off (*I wrote this section before the FTX collapse)
No one in crypto really even noticed the FTX thing. I understand it hit some EA/rat people hard, but in crypto, nah. The Terra incident in spring was way bigger; it was a stablecoin, not a run-of-the-mill gambling spree fuelled by amphetamines.
but most currency, while being mostly digital, is still unrelated to crypto
If you still equate crypto with Bitcoin, you’re… well, you’re living in 2010 or so. And one crypto year is 5 AI years, or at least was before the Transformers (in terms of tech cycles; new stuff being introduced, libraries and frameworks going obsolete).
create a new pump-and-dump scheme every couple of years
There’s serious science being done in crypto, too (e.g. ZK-STARKs wouldn’t exist in non-crypto alternate universe, not yet at least). And the cycles are not years any more than AI cycles are decades (like they maybe used to be?). I understand AI hype intersects your bubble more than the crypto hype, but I wouldn’t lightly bet which side has the stronger funding and developer mind-share right now (not that they need to be compared head-on; they’re in many ways complementary technologies, too!). Just sayin’.
Quick gut responses...
No one in crypto really even noticed the FTX thing. I understand it hit some EA/rat people hard, but in crypto, nah. The Terra incident in spring was way bigger; it was a stablecoin, not a run-of-the-mill gambling spree fuelled by amphetamines.
If you still equate crypto with Bitcoin, you’re… well, you’re living in 2010 or so. And one crypto year is 5 AI years, or at least was before the Transformers (in terms of tech cycles; new stuff being introduced, libraries and frameworks going obsolete).
There’s serious science being done in crypto, too (e.g. ZK-STARKs wouldn’t exist in non-crypto alternate universe, not yet at least). And the cycles are not years any more than AI cycles are decades (like they maybe used to be?). I understand AI hype intersects your bubble more than the crypto hype, but I wouldn’t lightly bet which side has the stronger funding and developer mind-share right now (not that they need to be compared head-on; they’re in many ways complementary technologies, too!). Just sayin’.