All technology from this point on will be a grift, because the grifters have all the power.
Seriously
None of these technologies are a grift per say, the economic system we use to develop them and the marketing needed to ensure funding under the aforementioned hellscape are a grfit.
AI is not a grift but it is very much a dangerous rudderless ship right now.
Quantum computing is also not a grift.
Hell I feel dirty saying this but you could argue blockchain is not a grift either.
The problem in all these things is the people not the technology.
That’s the thing. When you were browsing bitcoin subreddits during the “golden days” it was pretty bizzare to see people talking about how cool it is and thia is the future and all, and to make it viable, you have to use it, like you know… A currency. But then they also made fun of the guy who bought a pizza with his bitcoin. Haha what a loser, he bought. A pizza for 40k no now 100k dollars. We are all holding, right, no one is selling, right guys?? We’re all in the same boat.
Motherfucker, it’s so obvious that EVERYONE was treating it like a get rich quick scheme.
It’s worth remembering the hype cycle when it comes to these things.
The honest question is where are we with AI in its current state?
These technologies are not grifts.
The way they are often employed is absolutely a grift.
Blockchain is a very cool concept. Getting people to pay $1,000 for a picture of a cat and imply that it has value because it’s on a blockchain is grift.
Ai is a cool technology. It has become a grift because the companies behind it are sucking up massive investor dollars, destroying the worldwide computing parts market, and persuading managers to axe jobs promising the AI can take their place.
If quantum computing actually starts to work some of it will be used for grift because many current encryption schemes could potentially be cracked using quantum computers.
The picture wasn’t even on the blockchain. It was a url which links to a picture of a cat sitting on someone else’s server
Was it even that or just a hash of the url (or whatever text/data was being “confirmed”)?
It was some sort of hash system. The blockchain didn’t want to store large amounts of data on the chain itself so it would store some sort of hash of the image file and as I recall a pointer to a server where that file was located.
The whole thing was totally fucking stupid but people poured tons of money into it
Calling blockchain a pure grift ignores the serious enterprise-level work being done to solve real logistical problems. The technology behind NFTs isn’t just for JPEGs it’s used to create a unique and immutable digital identity for stuff like physical shipping containers and pallets as digital twins. In a global supply chain where a single shipment passes through dozens of untrusted parties like factories, freight forwarders, ports, customs, and warehouses a distributed blockchain ledger provides a single source of truth that replaces manual emails, scanned paper documents, and spreadsheets. Smart contracts can automate releases upon verified scans, directly reducing the demurrage and detention fees that cost millions of dollars. The big hurdle isn’t that the tech doesn’t work or is a grift, it’s getting competing companies to agree on common standards and invest in the infrastructure. The speculation was a sideshow, but the underlying utility for tracking physical assets across trust boundaries is a real thing
Really without major social or political change all commercial technology will serve incumbent power.
I think Fire and Stick have a long future ahead of them still. Also a big fan of Wheel and Stardew Valley.
I think Fire and Stick have a long future ahead of them still. Also a big fan of Wheel and Stardew Valley.
Uh…one of these is not like the others.
Are we sure
Wheelhas the long term practical staying power of the others in this list?It’s not great in bogs and up hills I’ll admit
The four great innovations
There’s quite a lot happening in 3d printing that is kind of life changing, and not getting any press coverage because no single obscenely wealthy person can use it to hype a pump and dump.
Weird specific stuff exists now, that never did before - like custom cases for weird sizes of batteries, and a pen-holder that looks exactly like the latest manga character to make a splash.
Do elaborate more on the 3D printing stuff
Do elaborate more on the 3D printing stuff
There’s all kinds of mechanical things that can be directly 3d printed, now - screws, and hinges and springs!
Someone invented a 3-way zipper that allows a structure to be rigid when zipped or flexible when unzipped. Supposedly we’re going to get a bunch of cool new more convenient tents and field furniture with it, soon.
Yeah 3D printing has either allowed me to print out stuff that helps around the house that I don’t necessarily want to spend money on (a basic flowerpot for example), or things that are obscenely overpriced that I can print at the fraction of the cost (a case for clarinet reeds, with some cases going for nearly 100$ for a basic plastic case with a space for a silica gel packet).
At first I picked up my printer thinking it would be useful for robotics and prototyping some cases for electronics projects. Turns out its playing a big role in me just not going out to buy stuff anymore.
I wouldn’t say all “AI” was a grift. Machine learning is a useful tool, like a hammer, it’s just not a magic genie for everything. Always has been, always will be.
Same with blockchain, albeit in a much narrower niche. I do think it’s a terrible system for a widely-used currency, though.
Same with quantum computing. It’s a niche.
The pattern is that Tech Bros inflate something narrowly interesting into a “it’s going to ascend the human race if you give us enough money” FOMO thing.
…And, currently, the next target seems to be space travel.
Again, I emphasize. Very useful in certain niches, like science. Stupendously impractical outside of them.
People say quantum computing is a grift?
The other two are are only “grifts” because capitalism has shoved them into things that have no business involving them and breeds opportunistic get rich quick mindsets around the technologies. So any time you hear them mentioned it’s more than likely to be a grift. They are fine in certain niches and very stupid everywhere else, like every other technology.
people will say QC is a grift when it eventually becomes commercially viable(Just look at the second level comments here)
people will say QC is a grift when it eventually becomes commercially viable
Specifically, QC will be a grift when the media tells us all it is now, finally, commercially viable.
Then it will remain a grift until it either dies off or reaches actual commercial vaibility.
No, I didn’t say anything about AI. Who brought up AI? I’m pretty sure I didn’t. Really? Nah. Doesn’t sound like AI. Oh…yeah, I guess. Maybe it does.
Quantum non-fungible tokens won’t be a grift. Trust me.
(Hopefully this obvious sarcasm is obvious.)
Capitalism is what makes them grifts. Llms could be neat. Theft at scale, environmental impact, and using it to kill little kids (anyone but jfc the kids killed wtf) is the problem. Its always the horrid companies and governments who look at any tech like “can i hurt people with this? I totally can…”
Why do folks think quantum computing is a grift? I haven’t heard that yet.
The technology itself isn’t, but companies will probably abuse the word ‘quantum’ until it loses all meaning, like they have with AI.
Is your cloud Quantum Safe™?
He’s from the future where we call it a grift
Stuff made open source/without a profit motive.
If there’s a profit motive, it’s not looking to solve a problem or make things better. It’s looking to make profit.
