Well… “use it as money for the entire world” is about as large scale of a use case as you’ll ever find. The issue wasn’t that there was no use-case, it’s that none of the crypto technologies were good enough to actually fulfill that use case. Blockchain wasn’t the right answer - it was just a precursor technology flirting with the right concepts.
I’d argue that transformer-driven AI could follow the exact same trajectory: hype cycle driven by people imagining legitimately transformative use cases, which is ultimately popped when we realize the actual here-and-now implementations don’t work that way.
The idea of transferring value over the internet using one common, frictionless, ownerless system isn’t dead; it can’t be, because it’s simply too good of an idea. But nothing actually offers that. Actual artificial intelligence is, likewise, too good of an idea to ever be “dispelled” or dismantled. The only room for doubt is whether the technical designs we have today are actually AI… or just some wannabe scam coins that LOOK like AI.
I’d argue that transformer-driven AI could follow the exact same trajectory: hype cycle driven by people imagining legitimately transformative use cases, which is ultimately popped when we realize the actual here-and-now implementations don’t work that way.
The idea of transferring value over the internet using one common, frictionless, ownerless system isn’t dead; it can’t be, because it’s simply too good of an idea. But nothing actually offers that. Actual artificial intelligence is, likewise, too good of an idea to ever be “dispelled” or dismantled. The only room for doubt is whether the technical designs we have today are actually AI… or just some wannabe scam coins that LOOK like AI.