• 1rre@discuss.tchncs.de
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    16 hours ago

    At least LLMs produce something, even if it’s slop, all crypto does is… What does crypto even do again?

    • prole@lemmy.blahaj.zone
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      1 hour ago

      Monero allows you to make untraceable transactions. That can be useful.

      The encryption schemes involved (or what I understand of them, at least) are pretty rad imo. That’s why it interests me.

      Still, it’s proof of work, which is not great.

      • 1rre@discuss.tchncs.de
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        54 minutes ago

        Sure, Monero is good for privacy-focused applications, but it’s a fraction of the market and the larger coins aren’t particularly any less tracable than virtual temporary payment cards, so Monero (and other privacy-centric coins) get overshadowed by the garbage coins.

        Same with AI, where non-LLM models are having a huge impact in medicine, chemistry, space exploration and more, but because tech bros are shouting about the objectively less useful ones, it brings down the reputation of the entire industry.

    • Honytawk@feddit.nl
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      9 hours ago

      It gives people with already too much money a way to invest by gambling without actually helping society.

      • baguettefish@discuss.tchncs.de
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        4 hours ago

        for the biggest crypto investors it isn’t even really gambling. they use celebrities to hype a memecoin and then rug pull and split the profits harvested from the celebrity’s fans.

      • Echo Dot@feddit.uk
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        11 hours ago

        It also makes it’s fans poorer, which at least is funny, especially since they never learn