this post was submitted on 27 Mar 2024
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Grumbles about generative AI's shortcomings are coalescing into a "trough of disillusionment" after a year and a half of hype about ChatGPT and other bots.
Why it matters: AI is still changing the world — but improving and integrating the technology is raising harder and more complex questions than first envisioned, and no chatbot has the magic answers.
Driving the news: The hurdles are everything from embarrassing errors, such as extra fingers or Black founding fathers in generated images, to significant concerns about intellectual property infringement, cost, environmental impact and other issues.

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[–] FaceDeer@fedia.io -5 points 7 months ago (20 children)

I'm just pointing out that they're still there. If it's a scam then at this point it's one of history's biggest and longest-running.

And whether any particular cryptocurrency qualifies as a security in any particular jurisdiction is a complicated question, some do and some don't. This is about cryptocurrency as a whole so calling them an unlicensed security would not be accurate.

[–] livus@kbin.social 3 points 7 months ago (2 children)

@FaceDeer

If it's a scam then at this point it's one of history's biggest and longest-running.

Kind of an overstatement. It hasn't even been 20 years. If it were a scam it'd be nowhere near the scale and timeframe of, say, Papal Indulgences.

This isn't anything to do with your wider argument btw, just me nitpicking. Didn't know you'd relocated to fedia.io, was that during the downtime?

[–] FaceDeer@fedia.io 1 points 7 months ago (1 children)

Heh, I suppose I can grant papal indulgence as a scam. Were I feeling edgy I could one up that and label the church as a whole as a scam. But since the usual accusation leveled against cryptocurrency is "ponzi scheme" I looked that up and noted that Madoff's the current record holder for one of those at a mere $65 billion.

Yeah, the kbin.social week of downtime was the final nudge I needed to set up an alternative account here. But honestly I was getting very frustrated with kbin.social's flakeiness already before then. I appreciate Ernest's work, but something like kbin can't be a single-person show in the long run. I hope he does well but now I don't have to reload the page every time I want to vote or comment.

[–] livus@kbin.social 1 points 7 months ago* (last edited 7 months ago)

I suppose I can grant papal indulgence

Heh love your wording there. I actually started that train of thought with various "relics" like the vial of Christ's blood, statues weeping tears etc some of which were eventually debunked iirc.

Ponzi schemes are quite possibly as old as granaries (or the pyramids), but I think a better contender for scope is something like the Mississipi Bubble which was absolute madness...

Kbin really is a work in progress. I'm sticking with it, but I have backup accounts for the times when it's too buggy.

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