Time to quote Dan Olson again. This was originally written about NFTs, but just replace “crypto” with “AI” and it’s still 100% relevant:
When you drill down into it, you realize that the core of the crypto ecosystem … is a turf war between the wealthy and the ultra-wealthy. Techno fetishists who look at people like Bill Gates and Jeff Bezos, billionaires that have been minted via tech industry doors that have now been shut by market calcification, and are looking for a do-over, looking to synthesize a new market where they can be the one to ascend from a merely wealthy programmer to a hyper wealthy industrialist.
They’re chasing that one moment in the early aughts when what they had actually blew peoples minds.
Time to quote Dan Olson again. This was originally written about NFTs, but just replace “crypto” with “AI” and it’s still 100% relevant:
From the incomparable line goes up