Too many projects chase AI hype without purpose : Bitcoin Economy Nowdays !

[HashRate Hero]

If you are faced to someone who ignores the technical aspect ... you better listen and never try to convince him ..... some battles are already lost from the begining !


Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

[Vod]

like monetizing stranded energy!

Why do you call the energy used to power bitcoin miners "stranded"?   It can do anything, like powering AC in Europe. 

[BlackHatCoiner]

No business that reduces time, money wasted or risk survives over the long term. Most people see AI but they have no understanding how to use it to minimize those. So what happens instead? Endless noisy content on the Internet, endless AI slop, trying to do something with AI.

The winners from the AI race are the automators. Those who will use AI to help real pains.

[HashRate Hero]

Why do you call the energy used to power bitcoin miners "stranded"?   It can do anything, like powering AC in Europe.  

I would say that mining simply turns that wasted power into a productive, a borderless digital asset.

So what happens instead? Endless noisy content on the Internet, endless AI slop, trying to do something with AI.

The winners from the AI race are the automators. Those who will use AI to help real pains.

I completely share this point ..! and Exactly, the real winners are those who usesf AI to solve actual industrial problems instead of putting  automated noise on the internet.

[AmoreJaz]

No business that reduces time, money wasted or risk survives over the long term. Most people see AI but they have no understanding how to use it to minimize those. So what happens instead? Endless noisy content on the Internet, endless AI slop, trying to do something with AI.

The winners from the AI race are the automators. Those who will use AI to help real pains.

We can't escape from AI these days, so what we can do is utilize the strengths of AI to make our work easier. So for me, it is not wrong to use AI but use it responsibly. I believe you just need to find a way how to use it that you can really get something out of it and not totally rely from it.

[HashRate Hero]

No business that reduces time, money wasted or risk survives over the long term. Most people see AI but they have no understanding how to use it to minimize those. So what happens instead? Endless noisy content on the Internet, endless AI slop, trying to do something with AI.

The winners from the AI race are the automators. Those who will use AI to help real pains.

We can't escape from AI these days, so what we can do is utilize the strengths of AI to make our work easier. So for me, it is not wrong to use AI but use it responsibly. I believe you just need to find a way how to use it that you can really get something out of it and not totally rely from it.

Indeed , never blind trust AI ... it s like internet at it early age ... peaople don t fuly understand it .......

I would say that it s the nowdays sun of WWW ( wolrd with web ).

[rat03gopoh]

The truth is, not all energy waste is effectively monetized; perhaps far more is wasted than truly utilized for mining. However, I disagree that some AI projects are purposeless (having a generic purpose doesn't mean they don't have one); they simply aren't capable of winning the competition. The hype is like a selection show about which ones are truly helpful in life and which ones are a waste of time.

[Bitcoin_Arena]

Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

I am sorry; I think i have heard/read the bolded part before... several times

Remember how everyone thought ICOs were a thing? And then STOs, IEOs, NFTs, and then the metaverse, and now here we are with AI. AI is a really big thing, though, but it goes to show you that masses go where the hype is, and it's usually short-lived. Some of them will get to their senses; others will continue looking for a new kid on the block to hype as well.

[Vod]

I would say that mining simply turns that wasted power into a productive, a borderless digital asset.

What wasted power?  The planet has an energy deficit right now - either by generation or transmission.   

If the power indeed is being generated just to be wasted, I again suggest it be used to stop people from dying of heat.

[Darker45]

This is the early phase, so it's understandable that the hype is at its peak. There are only a few players in the market, so it seems everybody's trying hard to produce something as fast as possible to take advantage of it. The race is real.

I've even noticed various agencies are aggressively looking for online workers to provide inputs into AI and LLM systems. The pay in USD, at least the one they claim to pay, is even unbelievably attractive. And because they seem to be racing to build as huge datasets as possible, it seems the selection is indiscriminate thereby compromising quality. 

[MarjorieZimmermanGinger]

If you are faced to someone who ignores the technical aspect ... you better listen and never try to convince him ..... some battles are already lost from the begining !

Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

That's the journey of creating something new and some hope for long-term success for the project's development, but most are just thinking about how to chase the hype. That's the current picture and perhaps it's not surprising why so many AI-related projects are popping up because people see the potential to manage and achieve large profits. When a project launches, there are several criteria that might be considered for its long-term viability, but most people get caught up in the hype.

What's a bit confusing is how you view the issue of the energy that powers Bitcoin being wasted because on the one hand you explain the efficiency that positively impacts it. It should be about solving a problem that can have a positive impact, not talking about how it happens without any cause or solution that could impact the intended efficiency.

[shinratensei_]

Many projects chase the AI hype because they can capitalize on it. Even the shittiest AI is getting a fundraising these days, no wonder they are chasing the AI hype instead of solving a real problem, something that Bitcoin do.
I've seen countless project pivoting from creating protocol, expanding defi, and so on to become another AI company with chatbot as their selling point. Which is also the reason why they would never become as big as Bitcoin. Reinventing the wheel is no good.

[elda34b]

I've seen countless project pivoting from creating protocol, expanding defi, and so on to become another AI company with chatbot as their selling point. Which is also the reason why they would never become as big as Bitcoin. Reinventing the wheel is no good.

I've seen miners do that, which alts pivot like that? Do they even have the money to actually build their own model or do they just repackage existing LLMs so they don't answer who made them? If it's the latter and they still made bank, I think it shows the market fails to filter them out. I can see the pov and reasoning for them. Why make something good if people eat shovelware still.

[Mhizlove]

No business that reduces time, money wasted or risk survives over the long term. Most people see AI but they have no understanding how to use it to minimize those. So what happens instead? Endless noisy content on the Internet, endless AI slop, trying to do something with AI.

The winners from the AI race are the automators. Those who will use AI to help real pains.

You see AI is not the real advantage, the real value is in how people do applies to solve the practical problems and improve in their efficiency. Anyone can generate alot of Contents with the use of AI, but it do not automatically create value if such content can solve a y real problem. Those that do benefit most from this AI era are not those that just produce content on a daily basis, but those that understands how to use it to save time, improve accuracy, reduce costs and make it easier for businesses and the individuals. You see technology always rewards the ones that do focus on solving problems genuinely instead of going after New trends.

At end of it all, AI should be seen as a tool and not the final product. Critical thinking, Human creativity and having understanding about the real world needs will still determine really on who succeeds over time.

[trendcrypt]

I think people sometimes mix up the tool with the product.

AI is just a tool. If your product wasn't useful before adding AI, putting a chatbot on the homepage probably won't change that. That's why we're seeing so many "AI projects" that all look the same.

The interesting projects, at least to me, are the ones where you almost don't notice AI. It just makes something faster, cheaper or easier to use. That's a lot more valuable than using AI as the main selling point.

[davis196]

Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

Without purpose? Every company has one purpose. To make profit. Every startup founder and CEO has one purpose. To get as much money as possible from the investors, so he could pocket a portion of that money, even if the startup project fails. I know that AI hype is everywhere, but it will slowly die, just like every other trend. I do believe that the peak of the AI hype is long gone and more people are getting AI fatigue.
Social media is full of people saying "I'm tired of this AI sh*t". Many people have realizes that AI(at its current state) isn't some divine invention and it definitely isn't perfect.
Monetizing "stranded energy" is a "genuine efficiency problem"? What do you mean by "stranded energy"? Most BTC miners are using cheap energy to mine Bitcoins and make a profit. How come cheap energy is "stranded"?

[Zlantann]

Many projects chase the AI hype because they can capitalize on it. Even the shittiest AI is getting a fundraising these days, no wonder they are chasing the AI hype instead of solving a real problem, something that Bitcoin do.
I've seen countless project pivoting from creating protocol, expanding defi, and so on to become another AI company with chatbot as their selling point. Which is also the reason why they would never become as big as Bitcoin. Reinventing the wheel is no good.

The AI hype is just too much. So many AI tools are performing almost the same that you get confused about which one to use. I think the AI industry needs strict regulation. These AI firms are deceptively ripping people off.

Bitcoin is unique and solves problems that others don't. The AI market is still new and seems to be out of control. Maybe as the market matures, we will be able to separate the wheat from the chaff.

Monetizing "stranded energy" is a "genuine efficiency problem"? What do you mean by "stranded energy"? Most BTC miners are using cheap energy to mine Bitcoins and make a profit. How come cheap energy is "stranded"?

Some areas generate more energy than they consume. An example is Bhutan, a country that used its stranded and excess hydroelectric energy to mine Bitcoin. Maybe there could be stranded energy in other locations that is used for Bitcoin mining.

[DrBeer]

If you are faced to someone who ignores the technical aspect ... you better listen and never try to convince him ..... some battles are already lost from the begining !


Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

If you use any tool for the wrong purpose or where it isn’t needed, it will only cause harm-that’s a fact. Just try using a gas torch to open your car door instead of your keys. You’ll eventually open the door with the gas torch, but is that really the result you wanted?
The same goes for AI. AI is a TOOL!
The question is how and for what purpose it’s used. And this problem lies not with the tool but with the person who "takes this tool in hand". So just wait a little while, and "the dust will settle", AI will remain where it belongs, and the rest will "fade into history".

As for Bitcoin and the monetization of "unused energy"-I disagree with that. If that electricity were unnecessary, there wouldn’t be such huge demand for long-term contracts for mining centers. Now the situation has changed; AI and data centers are becoming the main consumers of electricity.

[Fortify]

If you are faced to someone who ignores the technical aspect ... you better listen and never try to convince him ..... some battles are already lost from the begining !


Too many projects chase AI hype without purpose, while real value in Bitcoin economy comes from solving genuine efficiency problems like monetizing stranded energy!

Ironically the same complaint that you make about AI you apply exactly to Bitcoin.. that people should follow it blindly and religiously. Bitcoin was revolutionary, there is no doubt about that, but it doesn't solve all the world's problems as it is 1) a tool to serve trade needs and 2) the Blockchain is a useful transparent ledger. AI has many powerful uses but people are hung up on the current buzz. For many IT people (and in general) to impress your bosses you need to be following whatever is the latest trends, otherwise you can get caught out and it looks like your company is not keeping up. There is increasing backlash though as people are realising it's limitations and are sick of it being used for every purpose, instead of selectively.

[HashRate Hero]

i see a Great discussion upper !

I would say that we have to stop cutting through the hype with the same critical ways of thinking  this implies Stoping chasing the hype and start looking for actual utility; the market needs fewer innovators and more builders.