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Comment by renegade-otter | Hacker News Reader

Consider the fact that many crypto companies are making a "pivot" to AI. This tells you all you need to know.

https://coinmarketcap.com/community/articles/64b07f917043ec2...

"Hive, a Vancouver-based miner, aims to drive advancements in AI applications. Notably, it plans to support the growing web3 ecosystem."

What does that even mean?

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This resonates well with the fact that all the "Crypto Experts" on LinkedIn have vanished and lots of "AI Experts" have emerged.

It means theyre looking for a16z to fund them

why does it matter if they pivot? it's the best interest in their business to pivot

The word business is doing a lot in this sentence. Crypto finally has been exposed for what it was all along and now the next hot thing is AI.

AI is real though… but everyone who thinks forking over massive amounts of money to OAI is good business is going to be sorely disappointed when prices increase and/or apis go away all together.

You need to be building something of your own based on the tech. The hallmark of crypto bro turned ai influencer is doing none of the work themselves… just like they let everyone else mine the crypto and then basically just stole it.

I think it'll depend on company / product, there is awful crypto influencers and token shills that will jump on to the next hype train but I doubt you'd call Ethereum as a useless product.

There will be tangible real use cases for Gen AI as there are tangible use cases for blockchains and crypto and there will also be fakes and peddlers who want to sell you bs.

I have no idea what etherium accomplishes for anybody if I’m honest

I think the meaning behind OPs words is that you find some type of startup who tend to pivot & circle around "hype tech", rarely managing to produce any product or service of value before pivoting to next hype bubble.

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