91–100 of 147 posts
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Figuring out for yourself why college and Landmark Forum aren't the same grift is a useful life skill.
They were replying to the comment: If you have to pay to learn something, it's a grift Your response applies equally to it.
Perhaps corrected by saying: _sometimes_ it's a grift, or _often_ a grift, or IMO it is a grift.
What's interesting here is that it's not really affecting the perception of people who believe in web3. As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable. Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and th…
I think there are two issues at play in the current NFT space, both exacerbated by the get-rich-quick potential of NFTs 1. NFTs as ownership standards are not there yet. Even on ETH, there are significant compatibility issues between NFT minters and discussion about downsides of the diverse storage architectures and ownership systems. 2. Classical business is still in flailing hands mode when it comes to adoption of…
NFTs are just the latest iteration on finding a problem to fit the solution of blockchains.
What's interesting here is that it's not really affecting the perception of people who believe in web3. As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable. Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and th…
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I find it funny that we still call this web3. Web3 might still be something that comes up, might even be the GPT wave.
Apparently the name stuck because some libraries and websites already adopted the term even if there was no Web3 at all. Lol Jack Dorsey's already working on a Web5 that nobody is interested either. I think that the real Web3 will be mature and developed enough that there will be no need to create a bunch of apps boasting they're on the Web3 nor libraries abstracting Web3 APIs called "web3.js" before the term is even…
I wonder if saying "I am the next big thing" has any impact on the probability of being relevant in 15 years.
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You're getting downvoted but you shouldn't be. There's already discussion about ChatGPT's energy usage, and once this starts scaling more, there's going to be more and more people concerned. Hell, I'm already a bit concerned with its energy usage, and I'm already struggling being a fan of crypto while also being concerned for the environment (didn't use to have to be, crypto didn't use a ton of energy 8+ years ago).…
this has always struck me as a weird argument. one could make a very rough comparison to the energy required to run a gaming PC for an hour, and the energy (inference + amortizing the training run) to run a conversation with ChatGPT for an hour, they're probably order-of-magnitude comparable. But there is no serious concern by anyone for the climate impact of PC gaming. It's just fundamentally that computers require…
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You're getting downvoted but you shouldn't be. There's already discussion about ChatGPT's energy usage, and once this starts scaling more, there's going to be more and more people concerned. Hell, I'm already a bit concerned with its energy usage, and I'm already struggling being a fan of crypto while also being concerned for the environment (didn't use to have to be, crypto didn't use a ton of energy 8+ years ago).…
this has always struck me as a weird argument. one could make a very rough comparison to the energy required to run a gaming PC for an hour, and the energy (inference + amortizing the training run) to run a conversation with ChatGPT for an hour, they're probably order-of-magnitude comparable. But there is no serious concern by anyone for the climate impact of PC gaming. It's just fundamentally that computers require…
Earlier quoted context omitted.
You're getting downvoted but you shouldn't be. There's already discussion about ChatGPT's energy usage, and once this starts scaling more, there's going to be more and more people concerned. Hell, I'm already a bit concerned with its energy usage, and I'm already struggling being a fan of crypto while also being concerned for the environment (didn't use to have to be, crypto didn't use a ton of energy 8+ years ago).…
There's one crucial difference between AI and Bitcoin when it comes to energy usage. With AI there are strong incentives to make everything more efficient and use less energy. This is already happening: people are finding ways to run AI models on less powerful hardware (see LLaMA etc), and AI providers like OpenAI have managed to run things. Lee efficiently - that's presumably how they could drop the price of an API…
Then there's Ethereum, which just completed a major upgrade to convert its Proof of Work method to Proof of Stake and now uses a negligible amount of energy compared to other things, as shown in this article on their site[1].
And there are newer cryptocurrencies like Solana, that started as proof of stake to begin with and can handle at least 8500[2] transactions per second (compared to only 4 transactions per second with the much older bitcoin, and 30 transactions per second with Ethereum).
That's a hell of a lot more efficient as well, and also seems to be more efficient than ChatGPT is per query, as Solana's energy use per transaction is 3,290 Joules, or 0.00091 kWh[3], versus the conservative estimate of ChatGPT (3.5)'s estimated energy usage on this article [4] of 0.00198 kWh, or 7,128 Joules.
So I think that overall, crypto is still incentivized to become more efficient. Bitcoin is not, as more people care about the security provided by proof of work there than they do about energy efficiency, which is unfortunate.
[1]: https://ethereum.org/en/energy-consumption/
[2]: https://crypto.news/solana-transactions-per-second-hit-an-al...
[3]: https://solana.com/news/solanas-energy-use-report-september-...
[4]: https://towardsdatascience.com/chatgpts-electricity-consumpt...
That's a shame.
Sorry for the off-topic. This whole NFT debacle would be fun for me if it didn't cost me a dear friend; he's been working full-time on his "collection" for almost two years now, convinced he's "just around the corner of making millions" out of it when it's obvious the ship has long sailed. I guess there's more to it than just NFT craze, and he's probably struggling with other things, but his new "know-it-all NFT bro"…
> but his new "know-it-all NFT bro" persona A bit like the emerging ai bros. Every few years we get these types bubbling up. I admire their commitment but some need a break.
"Wind down"? I cross this out several times with my red pen, leaving deep grooves in the paper, and offer a few sensible, meaningful, clear, definitive options: "end" "remove" "shut down" "terminate" "cancel"