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Software Pump and Dump

tautvilas.lt

61–70 of 166 posts

Re: Software Pump and Dump

#61

The top three stories on hn right now: 1. ▲ Moltbook (moltbook.com) 538 points by teej 8 hours ago | hide | 293 comments 2. ▲ Software Pump and Dump (tautvilas.lt) 108 points by brisky 5 hours ago | hide | 25 comments 3. ▲ OpenClaw – Moltbot Renamed Again (openclaw.ai) 256 points by ed 6 hours ago | hide | 110 comments This is art.

Life is beautiful, you have both sides of religious sects of AI here. The iconoclasts and the believers, which ends up in funny situations like this

Re: Software Pump and Dump

#62

I think Pump should happen in any new industry. Pump == experimentation/innovation, different people look at it differently, so you get variety of interesting ideas. Dump == natural consequence of over-supply, in this case whatever is not useful, we will drop. But to invent/discover new things, new paradigms, we need that Pump. 1. Look at age of computers, we had so many different architectures and computer brands wi…

Pump and dump is not the same as competition resulting in winners and losers, it’s a grift by the losers to profit at the expense of users through deception.

Re: Software Pump and Dump

#63
post #7

I really don’t get the strategy here. What do the coins have to do with the project? Why would someone who was “lured” into using the project buy the coins? Why would someone speculating on the coins use the project? What’s the connection? I’m genuinely having a hard time understanding what there even is for someone to “fall for” here. How does any of this trick anyone? I guess I really am just that out of touch with…

I don't think you are out of touch. I see this more as opportunistic behavior rather than the main thing. A side show. Some people buy/sell crypto. Most people at this point ignore the whole space and have turned their back on them.

All that's left is serial bullshitters generally not delivering anything real or tangible whatsoever. But of course, them affiliating themselves with whatever is fashionable is entirely in character. That's what serial bullshitters do.

As far as I can see there's little to no overlap in the Venn diagram of crypto tech bro types and AI optimists/utopians. Neither group produces much technology. They mostly just move hot air.

And then there's a rather large crowd of skeptical yet open minded people actually getting some early results using or building various AI tools.

Most AI stuff on HN breaks into the AI bears (it's all bull-shit and going to end in tears, any minute now) and bulls (AGI is imminent and we're all going to be unemployed and then our AI overlords will kill us). And a few occasional rational things in between.

I'm in camp rational. Some cool/useful tools out there. Getting some tangible results using those. Clear and quite rapid progress year on year. Worth keeping up with. I don't worry about employment. I'm quite busy currently. All this AI stuff is generating lots of work and new business potential. And the AIs are not picking up the slack so far. If anything, there's a growing gap between what's possible and what's being realized. That's what opportunity looks like. I see a lot of business potential currently for somebody reasonably handy with AI tools.

Re: Software Pump and Dump

#64
post #45
post #40

Earlier quoted context omitted.

I mean besides crypto and ai being big investments, i barely see any parallels. AI you can actually use to build useful things in the world , and tokens are used not as trading , but transactional currency to do that building.

I did a lot of postgraduate research around crypto from 2011 - 2016. There are a lot of parallels, and your message adds to them. "x is different because we can actually do useful stuff with it" is what every x enthusiast deep in an x bubble or pump n dump says about x. When the next big tech bubble comes along in 10 - 15 years, there will be people saying exactly what you just said: "NextBigTech you can actually use…

In those years of crypto, did you actually build anything relevant to the world? It sounds like you were in the wrong bubble and now have sour grapes.

Meanwhile im using AI coding agents to build a B2B Saas.

Re: Software Pump and Dump

#65

The top three stories on hn right now: 1. ▲ Moltbook (moltbook.com) 538 points by teej 8 hours ago | hide | 293 comments 2. ▲ Software Pump and Dump (tautvilas.lt) 108 points by brisky 5 hours ago | hide | 25 comments 3. ▲ OpenClaw – Moltbot Renamed Again (openclaw.ai) 256 points by ed 6 hours ago | hide | 110 comments This is art.

Yeah; I did not quite understand GasTown (although I like Steve's writing style); I absolutely do not understand Moltbook or its purpose; I'm not sure I understand the point of OpenClaw -- in the sense that its benefits are not immediately obvious, while its dangers are making big red flashes and fire sirens.

Often when you don't understand something you feel stupid; but sometimes the reason you don't understand is because somebody's trying to sell something to you, and it's that thing that's supid, or pointless, or a scam, or all three.

Re: Software Pump and Dump

#66
post #45
post #40

Earlier quoted context omitted.

I mean besides crypto and ai being big investments, i barely see any parallels. AI you can actually use to build useful things in the world , and tokens are used not as trading , but transactional currency to do that building.

I did a lot of postgraduate research around crypto from 2011 - 2016. There are a lot of parallels, and your message adds to them. "x is different because we can actually do useful stuff with it" is what every x enthusiast deep in an x bubble or pump n dump says about x. When the next big tech bubble comes along in 10 - 15 years, there will be people saying exactly what you just said: "NextBigTech you can actually use…

A big difference between crypto and AI is around how crypto could paint a better future once we rebuilt most of our transactional infrastructure and persuaded a quorum to move onto it, and how I personally am benefiting from AI day by day to build myself tools and infrastructure for my life, work, businesses and finances only requires me to accept this change. Everyone else in the world could reject AI-augmented engineering, and I will still be tremendously better off.

Re: Software Pump and Dump

#68
post #53

People are still buying shitcoins in 2026!? I'm surprised anyone is still holding Bitcoin at this point... I thought everyone finally got with the program that crypto will never amount to anything...

For the record, Bitcoin had an all-time-high just a few months ago.

Incredible.

Truly, the market can remain irrational...

Re: Software Pump and Dump

#69
post #45

Earlier quoted context omitted.

I did a lot of postgraduate research around crypto from 2011 - 2016. There are a lot of parallels, and your message adds to them. "x is different because we can actually do useful stuff with it" is what every x enthusiast deep in an x bubble or pump n dump says about x. When the next big tech bubble comes along in 10 - 15 years, there will be people saying exactly what you just said: "NextBigTech you can actually use…

No, AI is different because we're actively doing useful stuff with it. It's not "this will replace x soon", it's "I don't x anymore because it would be crazy not to use AI for this, which is what I do on a daily basis already."

"No, NewBigTech _is_ different, trust me, I'm an expert in all the things this tech does for us now."

Crypto was doing stuff in 2012, it contributed to a huge amount of global remittance payments even then, and probably still does now.

I was working with intelligence agencies, and crypto was being widely use in a variety of crimes too. Both of those are still probably true, and then there's now probably an entire industry shipping literally billions of $ around the world every day as settlement between exchanges in crypto.

As someone who was approached as an expert at the time, I was saying all the things you're saying to me now at the time about Crypto.

The point is I was right at the time: crypto was being used, and still is. You're right, AI is being used, and still is.

The problem, or the bubble or the pump/dump/parallel element is that the amount of attention and capital flowing around the area is vastly more than the current use cases and is therefore largely speculative.

This is true in AI too. Yes people are using it already daily, but if everyone is already using AI for everything, then why do we need a few hundered billion dollars more of datacentres, chips, RAM and powergen, what's that for...? "Future AI stuff..." soooo.... speculative...?

Re: Software Pump and Dump

#70
post #42
post #7

I really don’t get the strategy here. What do the coins have to do with the project? Why would someone who was “lured” into using the project buy the coins? Why would someone speculating on the coins use the project? What’s the connection? I’m genuinely having a hard time understanding what there even is for someone to “fall for” here. How does any of this trick anyone? I guess I really am just that out of touch with…

[flagged]

Why don’t you do something useful with your superpowers?
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