The new business of AI and how it’s different from traditional software

Re:The new business of AI and how it’s different from tradit... by zelly on Tuesday February 18, 2020 @06:02AM (#22355055)

Most "AI" is a scam but "blockchain" is far worse of an offender. "Blockchain" has zero utility in the business world. Its only use case is decentralized, censorship-resistant protocols. No one is trying to censor a shipping company's supply chain manifest. No one is trying to censor JP Morgan's bank transactions. The people who need it are dissidents, deplatformed people, people who cannot get bank accounts, or people trading contraband. Not exactly areas to extract an industry from.

Half of these altcoins do not have working software. In 2017 the ICOs did not have any software at all, just a promise on a homepage with a button to send money. The other half do not scale or do not meet their own basic requirements. The oldest, most venerable project Bitcoin had an inflation bug a couple years ago that would have let anyone counterfeit an unlimited amount of coins.

At least the AI scammers show up with code.

[ Parent | on HN ]

Re:The new business of AI and how it’s different from tradit... by redisman on Tuesday February 18, 2020 @08:05PM (#22362144)

I loved all the hyped Blockchain companies 3 years ago where I would always think "what does this do that a small MySQL instance doesn't already do better for a real business?"

Hey - you can save your customer database in a really cool convoluted and slow database. Because bitcoin. Plus your clients can run this fun app that drains their batteries.

[ Parent | on HN ]