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[return to "Is AI the next crypto? Insights from HN comments"]
1. bamazi+Ye[view] [source] 2023-11-08 18:41:40
>>kcorbi+(OP)
The major difference between the 2 is how they're being adopted by customers and the tangible value they return.

AI/ML barrier to entry is far simpler and vastly user friendly compared to crypto. Instant value return or gratification from ML products (GTPs and rest) is far more mainstream friendly.

Another view is the "loss" factor. Nobody, thus far, has has had their funds stolen or lost using ML products. I understand content creators and those who, unwillingly, contributed knowledge to learning systems did get circumvented but i'm talking about users/customers. Compare that to the negative stigma of crypto frauds and stereotypical association to illegal transactions.

Apples vs. rotten oranges in my opinion!

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2. klntsk+ks[view] [source] 2023-11-08 19:33:27
>>bamazi+Ye
> Another view is the "loss" factor. Nobody, thus far, has has had their funds stolen or lost using ML products

Most of "AI startups" are close to scams, i.e. they are oftentimes just interfaces to proprietary APIs that monetize on impressiveness of LLMs.

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3. theman+kt[view] [source] 2023-11-08 19:38:05
>>klntsk+ks
Is this a scam if they still provide value? I get that most apps are a thin wrapper around GPT, but that doesn't mean they're stealing money, just offering a non differentiated product.
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4. zarzav+uv[view] [source] 2023-11-08 19:48:29
>>theman+kt
It’s a scam on the investors. The users might see some value, but the business is worthless.
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5. alexb_+0x[view] [source] 2023-11-08 19:56:58
>>zarzav+uv
If that's the standard, basically everything that comes out of ycombinator is a scam.
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6. TeMPOr+a21[view] [source] 2023-11-08 22:19:09
>>alexb_+0x
On the contrary, a typical startup is more of a scam on the users. The investors go in knowingly and willingly - this is literally how they make money. It's the users that get shorted once the startup suddenly gets acquired or otherwise "exists" - and if they do it through an IPO, then it's additionally the public that gets scammed.
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