+1 for stating that the technologies themselves are not the grifts.
LLMs are fantastic tools. Quantum Computing will have meaningful uses.
The grift is the marketing and the dumb C-Suites that fall for it.
To answer your real question though, I need an AI that will actually convert a basket of dirty laundry into a stack of neatly folded clean clothes. That shit will be revolutionary.
The renewable energy industry. The tech is good and getting better rapidly. Costs continue to drop, consumer grade solar is becoming widely accessible.
This to me is the most exciting thing. And not just solar, but also modular nuclear power, fusion power, battery tech. The PRC is at the forefront of this green revolution.
Sure, they can lobby state legislatures to legalize balcony solar. Yet if I try to go around and convince those legislatures to legalize balcony fission, they look at me like I’m crazy! 😀
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capitalism
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All technology from this point on will be a grift, because the grifters have all the power.
Seriously
Blockchain had potential in use cases beyond currency replacement and speculative assets. AI has actual use cases as a high quality chatbot. Instead these things were hyped and marketed as things beyond their actual capabilities.
Quantum as it is currently doesn’t seem like a grift, but is just a susceptible to being manipulated and marketed as one as soon as there’s a remotely market viable version of it.
The problem isn’t lemmings or luddites, the problem is lying capitalists hoping to sell something that doesn’t exist or isn’t stable.
Yup they have their uses, but what happened here is like in a world where hammer is not invented yet, but the invention of the hammer causes every single industry to start using hammer for all their existing process without considering whether they are appropriate or not.
I don’t see why put quantum computer in that group.
It’s a scientific research topic. It is know what it does and what it doesn’t do. And they are not selling you it’s going to be the future.
It’s just a developing technology which have potential to make some algorithms more efficient than binary computation.
They don’t sell you quantum computation, they don’t tell you to invest in it. It’s just something being researched by computer scientists.
Let’s not be that much anti-any-kind-of-progress, shall we?
Quantum computers are more secure but could also be used to break that security. That’s why the major customers of quantum computers are banks and governments. It is not really for wide mass consumption. Although I heard quantum chips are better and more environmentally friendly but i am not a tech guy so i could be wrong on that or the quantum chip itself.
Quantum computers are a thing, and they’re very useful for certain things…
But business idiots in the tech world do be slapping the word “quantum” on stuff. It’s not a huge thing at the moment, but it’s probably gonna be the next insufferable hype cycle after they get tired of branding random shit as “AI enabled” because they stapled a chat bot on to it.
Like, give it a few years, someone will be trying to tell you that a quantum computer will somehow make a vacuum robot able to do your laundry because “something something better path finding”
I am not against any of the tech i listed, i think they all are neat and quite interesting to study and use.
you have probably not been around the forums to realise why i put it there, QC discussion these days are leaning towards the it’s a grift/ it will never be viable territory. This is mostly in large part due to M$ and their claims. there is also some subtle fear mongering going on with the recent push towards quantam resistant encryption standards.
So i am not calling QC a grift, I am calling out that whenever it becomes viable for the companies that are researching it to rent their computers to consumers, people will start calling it the next grift.
Maybe you’ve mistaken criticisms of the MS claims for criticisms of quantum technology in general?
I mean it’s definitely something that companies are trying to sell. Even if it’s just marketing BS right now, they’re using this to sell their LLM products.
https://news.microsoft.com/source/features/innovation/majorana-2-microsoft-discovery-agentic-ai/
They are not selling that to end users or business.
That’s a line of product for research purposes.
They sell that to people researching quantum computer.
How about Mullvad advertising quantum protection or whatever?
What?
Post quantum encryption algorithms are the ones that any serious company should use right now.
Because one of the algorithms that it’s stated to be far more efficient on a quantum computer than a binary one are number factorization, which is the bases of many public private enceyption algorithms like RSA.
Right now it’s not possible, but listen now decrypt later means that anything encrypted now might be decrypted in not so many years by a quantum computer.
They are not selling you a quantum computer, they are “selling” the algorithm you should be using if you don’t want your communications to be easily decrypted when a quantum computer with a higher number of stable qbits hits production.
Those algorithms are, anyway, public and well know, like parabolic curve algorithm or lattices. You could implement them yourself, any company can do so.
So they’re not using it as an advertising buzzword, it just happens to be a buzzword they’re using while advertising their feature. I stand corrected! 😌
Gene therapy and stem cells.
There is one from Japan about regrowing teeth, and then the one (forget where) about a 4 hour gene therapy treatment that basically cures issues some people have around cholesterol.
Although maybe the first one might turn into a grift. Like honestly, if I could GMO in/ Stem cell in like, just one alligator tooth into my grill, I might just.
Capitalism makes every innovation into a grift
I agree. No matter how much a technology will eventually be useful, it’s always turned into a gift beforehand, then there’s the collapse and only after that it settles into a reasonable thing.
See: the dot-com bubble
So what innovation would socialism turn into a grift?
We’ve seen this movie already
Capitalism is what makes them grifts. Llms could be neat. Theft at scale, environmental impact, and using it to kill little kids (anyone but jfc the kids killed wtf) is the problem. Its always the horrid companies and governments who look at any tech like “can i hurt people with this? I totally can…”
AI is not a grift but it is very much a dangerous rudderless ship right now.
Quantum computing is also not a grift.
Hell I feel dirty saying this but you could argue blockchain is not a grift either.
The problem in all these things is the people not the technology.
It’s worth remembering the hype cycle when it comes to these things.
The honest question is where are we with AI in its current state?
I’d disagree about the blockchain. It doesn’t actually provide anything useful and massively wastes resources, because it requires a ton of energy doing useless calculations for a fake token that you just gamble with on the internet. Countries that ban it are immediately placed in an economic advantage because they free up tons of resources to actually go into producing real physical things and not meme coins, which is a big reason why China has largely banned Bitcoin, viewing it as a major burden on their energy infrastructure while contributing nothing real to the economy.
There are a lot of libertarian weirdos in tech who try to push certain technologies solely for ideological reasons. They will tell you how ideological superior the blockchain is for decentralizing things and thus not making you dependent on Uncle Sam. But they don’t actually provide any utility to that other than ideology.
The only non-ideological explanation I have ever received is that the blockchain is good because it makes it easier to break the law if the law is unjust. If for example you want to pay someone for something that is wrongfully made illegal to begin with, you can pay them in Bitcoin and get away with it easier.
That to me, however, is a bit of a bizarre argument. Saying that X should be legal because X can be used to break the law makes little coherent sense. Obviously, the law at that point is the problem and is what should be changed. If you have the power to influence what is legal (and thus to actually act upon the question of whether or not something should be legal), then obviously we should choose to get rid of the unjust law, not to legalize Bitcoin. If we do not have the power to influence what is legal, then the conversation is moot anyways.
NFTs were even worse, because nobody has ever made a non-ideological argument for NFTs. They are always justified based on some weird ideological belief about the sanctity of some nebulous “private property” registered on the blockchain. Laughably, blockchain technologies do not have the storage capacity to practically hold entire images, so they just held links to the images, and so many now lead to nowhere because the original servers they were registered with are down.
People often hate me for the fact that I often defend the utility and potential utility of AI and quantum technologies (even if I do agree that companies hype it and push out slop, that does not prove the technologies themselves are entirely a scam). But I have always been a critic of blockchain and the “metaverse,” because those were hypecycles which nobody could actually give me a single coherent explanation of how these things might improve human society at all in any material way.
People say quantum computing is a grift?
The other two are are only “grifts” because capitalism has shoved them into things that have no business involving them and breeds opportunistic get rich quick mindsets around the technologies. So any time you hear them mentioned it’s more than likely to be a grift. They are fine in certain niches and very stupid everywhere else, like every other technology.
people will say QC is a grift when it eventually becomes commercially viable(Just look at the second level comments here)
None of them are a grift. They get used by financial traders for performing grifts, but the grift was and always has been stock market manipulation. AI is incredibly useful and many competent engineers now use it effectively. I expect the bubble of anthropic/openai will pop once local or on-prem models get better.
I think it is only partly dependant on the technology. Each of the listed technologies CAN have useful applications, but the current capitalist system is expecting unattainable growth so ot creates bubbles and in the bubbles there are grifters.
Computer vision enabled selective weeding of farms is an emerging technology that represents a real opportunity to reduce herbicide usage.
Similarly the use of aerial or terrestrial drones to carry out farming tasks or surveillance is becoming more viable as prices drop.
In medicine mRNA vaccines are quite new and doing cool work.
Alternative chemistry batteries like lithium sulfur appear promising and are getting closer to commercial viability. Sodium based battery chemistry has a lot of research interest and looks promising where cost is a bigger factor than energy density.
Phytoremediation is as ever tantilising and increasingly seeing real-world pilot programs.
wasn’t there a recent fiasco regarding some company called donut and their so called solidstate battery?
I’m sure in any exciting space there will be unethical people.
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it’s emerging as something actually used.
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Really without major social or political change all commercial technology will serve incumbent power.
