// currently it feels like the same hype as crypto
I keep seeing this take and it doesn't make any sense to me. Some tech has obvious utility and some doesn't.
For example, I knew internet (web, email) were valuable when I discovered them because accessing information and communicating with people were already things I did - the internet unequivocally made them faster and easier and often cheaper.
chatGPT / bard gave me a similar vibe - I use them to brain storm/shape ideas, and as mentioned elsewhere, they do a great job of tasks like drafting a job ad. These are things people already do and this tech just makes it better. So people will use it.
In contrast, I "get" why people were excited by crypto but I don't personally know anyone whose payment/banking experience is improved by it. As an American for example there was nothing tangible Bitcoin made easier vs my bank account and visa. So it was always less "obvious" that it was going to be a valuable thing beyond hype.
Bitcoins user experience has taken time to evolve for the better. The real draw is that it’s immutable decentralized money with a predictable print schedule. When it reaches user experience parity with the dollar then it comes down to the true fundamentals of the currency and I suspect that bitcoin wins out.
> When it reaches user experience parity with the dollar then it comes down to the true fundamentals of the currency and I suspect that bitcoin wins out.
So far the only way this even comes close to happening is by wrapping centralised systems around it (e.g., exchanges), but that comes with a whole set of different drawbacks. This does not feel like a scenario that is possible, let alone likely.
Like I said I get that, buy that's very different than being able to go to someone and say "this makes your life better in an obvious way" which is the point I am making, in contrast to internet and chat GPT.
I keep seeing this take and it doesn't make any sense to me. Some tech has obvious utility and some doesn't.
For example, I knew internet (web, email) were valuable when I discovered them because accessing information and communicating with people were already things I did - the internet unequivocally made them faster and easier and often cheaper.
chatGPT / bard gave me a similar vibe - I use them to brain storm/shape ideas, and as mentioned elsewhere, they do a great job of tasks like drafting a job ad. These are things people already do and this tech just makes it better. So people will use it.
In contrast, I "get" why people were excited by crypto but I don't personally know anyone whose payment/banking experience is improved by it. As an American for example there was nothing tangible Bitcoin made easier vs my bank account and visa. So it was always less "obvious" that it was going to be a valuable thing beyond hype.