The way I see it, the NFT part is actually just for convenience to distribute AI generated images.
It could have been a web app, but with NFTs and Farcaster miniapps, you market to people who are willing and able to spend using their wallet instead of asking “normies” for credit card information for a 2 dollar custom image (that you could also prompt out of a free Gemini session).
With Farcaster, you also already have the profile picture of the user, one less hurdle again.
I think there's simply a huge overlap between the Crypto Bros, the NFT Bros, and now the AI Bros. The same sorts of people are pumping each one. I knew a guy who was into LeadGen and Drop Shipping in the 2000s, then got into online poker, then of course, got into Crypto, then inevitably NFTs. I haven't kept up with him, but I'm almost 100% sure he's pumping some AI related scheme now. These guys get into this pipeline and at each stage they are convinced that they're going to get rich off it.
Crypto has very narrow usage unless you're a criminal or a bro, NFT has essentially 0 non-bro activity, surely AI attracts bros, but also some of the smartest people I've known have been working on it a long time to build truly useful things.
AI can be really attractive to bros but also be incredibly useful.
In other words, AI isn't a trend that's going to pass, it's permanently going to reshape the tech scene and economy in a way that cryptocoins and NFTs absolutely did not.
> AI isn't a trend that's going to pass, it's permanently going to reshape the tech scene and economy in a way that cryptocoins and NFTs absolutely did not.
This exact wording was used for crypto. "It isn't a trend that's going to pass" and "It's going to reshape everything." Why are we sure of it now for AI (and that we're going to be right), when they were also sure of it before for crypto (and they ended up wrong)?
The AI people have the exact same feelings of absolute certainty as the crypto people had.
I thought everyone realized by now that a digital image made available via block chain or any other mechanism, can be duplicated indefinitely. The only thing you get is a copyright on some generated image or set of bits. And what are the chances any random digital image is going to be appreciated as art? You can't hang it in a living room or sit it on a coffee table. It's beanie babies, but without even a hill of beans.
Are people just expecting there's going to be enough digital fools to make a market?
A movie can be duplicated indefinitely. There's no guarantee your song will be appreciated as art. I'm not sure why you say you can't print out an image and hang it in your living room; we do that all the time at home.
I've personally never dabbled in NFTs, but I don't think it's fair to ascribe the inherent conflict between information and scarcity uniquely to them.
Yep. As much as the rest of it resonated with LLM coding experiences I'm having, the NFT thing is unfortunate.
The way I see it, the NFT part is actually just for convenience to distribute AI generated images.
It could have been a web app, but with NFTs and Farcaster miniapps, you market to people who are willing and able to spend using their wallet instead of asking “normies” for credit card information for a 2 dollar custom image (that you could also prompt out of a free Gemini session).
With Farcaster, you also already have the profile picture of the user, one less hurdle again.
I think there's simply a huge overlap between the Crypto Bros, the NFT Bros, and now the AI Bros. The same sorts of people are pumping each one. I knew a guy who was into LeadGen and Drop Shipping in the 2000s, then got into online poker, then of course, got into Crypto, then inevitably NFTs. I haven't kept up with him, but I'm almost 100% sure he's pumping some AI related scheme now. These guys get into this pipeline and at each stage they are convinced that they're going to get rich off it.
Crypto has very narrow usage unless you're a criminal or a bro, NFT has essentially 0 non-bro activity, surely AI attracts bros, but also some of the smartest people I've known have been working on it a long time to build truly useful things.
AI can be really attractive to bros but also be incredibly useful.
In other words, AI isn't a trend that's going to pass, it's permanently going to reshape the tech scene and economy in a way that cryptocoins and NFTs absolutely did not.
> AI isn't a trend that's going to pass, it's permanently going to reshape the tech scene and economy in a way that cryptocoins and NFTs absolutely did not.
This exact wording was used for crypto. "It isn't a trend that's going to pass" and "It's going to reshape everything." Why are we sure of it now for AI (and that we're going to be right), when they were also sure of it before for crypto (and they ended up wrong)?
The AI people have the exact same feelings of absolute certainty as the crypto people had.
People's grandmothers know what AI is and many have used it, even outside the west.
Probably zero grandmothers outside the west, and very few grandmothers within the west, know what NFT even stands for.
I'd pay a few bucks for some cool avatar or w/e this is. It seems like a good use of NFTs.
And the viewpoint is from the development of such "product" with "manufactured virality".
It's bunk.
I have friends (well, friends of friends) who still play the NFT lottery. People love gambling lol
I thought everyone realized by now that a digital image made available via block chain or any other mechanism, can be duplicated indefinitely. The only thing you get is a copyright on some generated image or set of bits. And what are the chances any random digital image is going to be appreciated as art? You can't hang it in a living room or sit it on a coffee table. It's beanie babies, but without even a hill of beans.
Are people just expecting there's going to be enough digital fools to make a market?
Isn't the same true of any intellectual property?
A movie can be duplicated indefinitely. There's no guarantee your song will be appreciated as art. I'm not sure why you say you can't print out an image and hang it in your living room; we do that all the time at home.
I've personally never dabbled in NFTs, but I don't think it's fair to ascribe the inherent conflict between information and scarcity uniquely to them.
The difference is, there is a person or many people collaborating who created the song, movie, etc. there's a dipshit with an RNG who created the NFT.
You don't have to believe in it. You just have to believe someone else will believe in it and be willing to pay a higher price.