Hahaha that's a funny fucking press release. We can't afford to get together and celebrate our ponzi this year because it's collapsing? Haha. Why can't you afford the party? Answer the question!
Well, to be fair to LLMs (not that I want to be), AI has already show itself to be more useful than NFTs. It might not be reliable and it might not be safe, but at least it actually does something... anything.
I mean, I just read a summary of an 18 message chain on gmail that I didn't ask for and didn't care about. And even though I didn't have any interest in the email chain, that was still so much more useful than every NFT ever made - combined.
LLMs right now are like tech companies in 2000. Most of them don't make sense now simply because the technology or infrastructure isn't there yet. (selling pet food online in 2000 was stupid because UPS will charge you $30 to ship a $20 bag of it. It is not stupid today when you have local distribution centers and a gig worker can accept the $5 job on their smartphone).
Compare that with crypto or NFT where it's been 20 years and we're still waiting to see what it can solve if given more compute or time.
Unlike crypto, which is only useful for money laundering, LLMs come in handy for thousands of real-world situations. I used it today to draft a technical document in about 5 minutes. Would have taken me days otherwise. And, yes, it might be our downfall.
I dont think a lot of people understand that LLM's and AI has existed in some form or another since the 80's. There will be a plateau but im thinking that the bubble crash will be more akin to the dot com bubble
LLMs are here to stay for better or worse. There may very well be a bubble, just like there was with the dot coms, but that didn't slow down the internet as a useful technology.
Used correctly, LLMs can make software development 5-10% faster on average. Just for example I've used a 3 line prompt to write 100 lines of codes. Even after checking/correcting the code it was still faster than typing it myself. Of course it's often a waste of time, but I do find LLMs can be useful for certain applications.
If you don't have a clear plan how you are going to use AI to speed up your software development, yes it will slow you down. But if you understand when to use it and how to use it, it can and will speed up your software development.
I would also note that AI is far ahead of where it was a year ago. I did not find it useful a year ago for software development, and yet now I am starting to find it useful in some cases.
The most obvious real world example I have direct experience with is accessibility. I have friends that are hearing/vision impaired and AI has been super useful for them.
Not super interested in defending AI though. It's getting better and better and at an alarming rate. Just stop back by in two years and tell me I was right.
But aren't all of those self-referential blockchain things? Like when you say exchanges, is there anything to exchange but NFTs or crypto...? And Axie Infinity definitely is about NFTs.
Maybe there's DAOs that actually do something non-crypto related?
I mean, you could have an organization that uses the DAO mechanisms for governance (establishing membership/ownership, conducting votes), but whose purpose and activities are not crypto related. That would be a real-world usage of blockchain instead of all that self-referential stuff.
There's plenty of non Blockchain software for running corporations and managing ownership. DAO mechanisms don't add anything beyond securities regulation evasion.
I'm not arguing in favor. Just asking if it even exists in a way that isn't fully self-contained in the crypto universe. Something that connects to the real world.
There's enough crypto idealists out there to think there is something. But maybe there's not and all the DAOs just manage crypto projects *shrug*.
I vaguely remember some DAO attempting to purchase real-world artwork...? Did that work out? Though it probably was to tokenize it or something, so it wouldn't count.
I vaguely remember some DAO attempting to purchase real-world artwork...? Did that work out?
No, because the DAO did not understand what rights came with buying art, and thought that by buying the art, they were buying the copyright to the art - which they wanted to use for a new intellectual property.
Wild to use Axie Infinity as your example when that game crashed and burnt over 3 years ago once the hype died out and people realised it's "play to earn" NFT system was fundamentally unworkable in the long term
Correction: refunded with a link that refers you to a file storage location that may or may not still exist and where a picture of a monkey jpeg may or may not be.
"The market collapse"? The morons attending conferences like this one are the market. They've stopped putting their own money in and are now shocked that there's no money.
lol NFT's are still a thing? I remember in the crypto gold era of 2016-2020 I was airdropped one of these NFT's due to having an active wallet where I was staking CAKE and sold it for like 15k, I literally thought I was stealing and couldn't believe people were so dumb to buy these things.
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Can someone mint an NFT of this screenshot?
PLEASE
Better yet, just make and sell NFTs of the entire conference! It's just as good as attending, right?
Few understand
Hahaha that's a funny fucking press release. We can't afford to get together and celebrate our ponzi this year because it's collapsing? Haha. Why can't you afford the party? Answer the question!
Even then, the fact that they actually straight up said, "market collapse" means it's more honest than 90% of other crypto PR.
I actually can't believe anyone would want to go to an NFT convention.
It's too bad, they will miss out on going blind!
I'd rather go blind than look at those apes sold by serial apists.
I may not outlive the Creepto scam, but at least I got to see the death of Web3.
I'm hoping against hope that "AI" (meaning LLM's) turns out to be a much of a useless nothingburger as NFT's and the "metaverse" were.
Well, to be fair to LLMs (not that I want to be), AI has already show itself to be more useful than NFTs. It might not be reliable and it might not be safe, but at least it actually does something... anything.
I mean, I just read a summary of an 18 message chain on gmail that I didn't ask for and didn't care about. And even though I didn't have any interest in the email chain, that was still so much more useful than every NFT ever made - combined.
LLM's are certainly not a nothingburger. Overhyped? Definitely. Useless? Definitely not.
LLMs right now are like tech companies in 2000. Most of them don't make sense now simply because the technology or infrastructure isn't there yet. (selling pet food online in 2000 was stupid because UPS will charge you $30 to ship a $20 bag of it. It is not stupid today when you have local distribution centers and a gig worker can accept the $5 job on their smartphone).
Compare that with crypto or NFT where it's been 20 years and we're still waiting to see what it can solve if given more compute or time.
Unlike crypto, which is only useful for money laundering, LLMs come in handy for thousands of real-world situations. I used it today to draft a technical document in about 5 minutes. Would have taken me days otherwise. And, yes, it might be our downfall.
I dont think a lot of people understand that LLM's and AI has existed in some form or another since the 80's. There will be a plateau but im thinking that the bubble crash will be more akin to the dot com bubble
Hard to predict.
AI has been used in wilderness rescue to spot people in danger from thousands of drone spots and direct rescuers
The same tech is going to be used to hunt people in battlefields and and cities.
Yeah it's a mixed bag but it definitely has good applications unlike crypto
This is exactly what idiots were saying about JPEGs of monkeys 4 years ago.
LLMs are here to stay for better or worse. There may very well be a bubble, just like there was with the dot coms, but that didn't slow down the internet as a useful technology.
Are they tho? They dont really do anything tbh
Yes. They are. I think it would be pretty hard to deny the potential and even current abilities of AI/LLMs.
Just because they're being pushed into every possible niche, sometimes for very little reason doesn't mean they aren't actually very good in others.
Sure, which fields are LLMs useful for then? Cause it isnt software development.
Used correctly, LLMs can make software development 5-10% faster on average. Just for example I've used a 3 line prompt to write 100 lines of codes. Even after checking/correcting the code it was still faster than typing it myself. Of course it's often a waste of time, but I do find LLMs can be useful for certain applications.
https://metr.org/blog/2025-07-10-early-2025-ai-experienced-os-dev-study/
This study doesn't prove what you think it does.
If you don't have a clear plan how you are going to use AI to speed up your software development, yes it will slow you down. But if you understand when to use it and how to use it, it can and will speed up your software development.
I would also note that AI is far ahead of where it was a year ago. I did not find it useful a year ago for software development, and yet now I am starting to find it useful in some cases.
The most obvious real world example I have direct experience with is accessibility. I have friends that are hearing/vision impaired and AI has been super useful for them.
Not super interested in defending AI though. It's getting better and better and at an alarming rate. Just stop back by in two years and tell me I was right.
!remindme 2 years
You’re kidding right. You obviously don’t work in software development.
"Web3" is much more than NFTs.
Is it, though? Where is it?
- Decentralized Exchanges (PancakeSwap et al)
- Decentralized apps (e.g. crypto games like Axie Infinity)
- DAOs
But aren't all of those self-referential blockchain things? Like when you say exchanges, is there anything to exchange but NFTs or crypto...? And Axie Infinity definitely is about NFTs.
Maybe there's DAOs that actually do something non-crypto related?
Yes, they are. No, there is not. No, there are not.
That is called a PLC and has been a thing for over a hundred years probably going on for two hundred.
I mean, you could have an organization that uses the DAO mechanisms for governance (establishing membership/ownership, conducting votes), but whose purpose and activities are not crypto related. That would be a real-world usage of blockchain instead of all that self-referential stuff.
There's plenty of non Blockchain software for running corporations and managing ownership. DAO mechanisms don't add anything beyond securities regulation evasion.
I'm not arguing in favor. Just asking if it even exists in a way that isn't fully self-contained in the crypto universe. Something that connects to the real world.
There's enough crypto idealists out there to think there is something. But maybe there's not and all the DAOs just manage crypto projects *shrug*.
I vaguely remember some DAO attempting to purchase real-world artwork...? Did that work out? Though it probably was to tokenize it or something, so it wouldn't count.
No, because the DAO did not understand what rights came with buying art, and thought that by buying the art, they were buying the copyright to the art - which they wanted to use for a new intellectual property.
Read more about the story here: https://old.reddit.com/r/Buttcoin/comments/s6zx01/crypto_group_shamed_for_spending_3m_on_dune_book/ and https://www.theartnewspaper.com/2022/01/17/nft-group-shamed-jodorowsky-dune-book-copyright
Aren't DAOs those shitty organizations that give out grants that are in no way grants but actually high-pressure loans?
Wild to use Axie Infinity as your example when that game crashed and burnt over 3 years ago once the hype died out and people realised it's "play to earn" NFT system was fundamentally unworkable in the long term
Using AI to craft your NFT festival cancellation post
All tickets will be refunded
within 15 dayswith a JPEG of an ugly ape holding a Bitcoin.Correction: refunded with a link that refers you to a file storage location that may or may not still exist and where a picture of a monkey jpeg may or may not be.
Sorry, we used your money to gamble on a shart NFT collection. We have valued this ape holding Bitcoin NFT to the value of your ticket, enjoy!
Man I didn’t realize some people were still trying to make NFTs a thing.
There are people who still think Web3 is a good idea? They’re proud of all they accomplished - but a single practical use case is not one of them.
Notice actual achievements were not in the list. Contacts, attendees and speakers yes, achievements of the industry as a whole, not so much.
NFT being a thing in 2025 or 2026 was not something that I was expecting. I thought it had died in 2023 max.
We are so so so sad.
“We will instead replace the conference with an agentic AI conference for business leaders” /s
Aka it's no longer profitable for them to exploit NFT bros
"The market collapse"? The morons attending conferences like this one are the market. They've stopped putting their own money in and are now shocked that there's no money.
I'm shocked they'd refund anything. The cryptocurrency tradition is taking the money and running
You love to see it.
Web 3.0 has been a buzzword since 1999. It still means nothing
NFT is the first "big" experiment of the "tokenization of assets," and it is already dead.
Now they want to "tokenize" everything, it's gonna be "fun".
Few understand. /S
what! They're not even making it remote? Man, times, must be hard
Can anyone tell me how much my Trump NFTs are worth now? The bloke down the pub what sold them to me is being a tad evasive,
We're still early lol
They gotta refund like 12 tickets.
lol NFT's are still a thing? I remember in the crypto gold era of 2016-2020 I was airdropped one of these NFT's due to having an active wallet where I was staking CAKE and sold it for like 15k, I literally thought I was stealing and couldn't believe people were so dumb to buy these things.
Hopefully we don't lose gary vee's nfts
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Mark Zuckerberg cry watching the above post
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Who would have have seen this coming... Oh wait, like literally everyone who has brains and some critical thinking abilities
Clipart convention
Ah who remembers when monkes were the next big thing that was gonna change the world? Great times