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According to Lemmy Users: Blockchain was a grift, AI is a grift, Quantum computing will be a future grift. So according to you what new and emergent technologies are not / will not be a grift? (lemmy.ml)

submitted 1 day ago by Artemis_Mystique@lemmy.ml to c/asklemmy@lemmy.ml

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[–] SirEDCaLot@lemmy.today 34 points 19 hours ago (1 children)

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.

[–] SaraTonin@lemmy.world 14 points 19 hours ago (1 children)

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

[–] Buddahriffic@lemmy.world 5 points 18 hours ago (1 children)

Was it even that or just a hash of the url (or whatever text/data was being "confirmed")?

[–] SirEDCaLot@lemmy.today 4 points 17 hours ago

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