The way I look at it is that I haven’t heard anything about NFTs in a while. The bubble will burst soon enough when investors realize that it’s not possible to get much better without a significant jump forward in computing technology.
We’re running out of atomic room to make thing smaller just a little more slowly than we’re running out of ways to even make smaller things, and for a computer to think like, as well as as quickly or faster than a person we need processing power to continue to increase exponentially per unit of space. Silicon won’t get us there.
I have some friends who work in it, and I’ve watched and read damn near everything I can on it (including a few uni courses). It is neat, it has uses, it will not install transform all computing or invalidate all security or anything like that. It’s gonna be oversold as fuck.
3 blue 1 brown has great videos on it. Grover’s Algorithm, the best we can think to try to apply, is √N faster than traditional computing. Which is a lot faster for intense stuff like protein folding, but it’s linearly faster. SHA256 encryption still would take an eternity to brute force, just a smaller eternity.
In part because NFTs are still used and have some interesting applications, but 90% of the marketing and use cases were companies trying to profit from the hype train.
The way I look at it is that I haven’t heard anything about NFTs in a while. The bubble will burst soon enough when investors realize that it’s not possible to get much better without a significant jump forward in computing technology.
We’re running out of atomic room to make thing smaller just a little more slowly than we’re running out of ways to even make smaller things, and for a computer to think like, as well as as quickly or faster than a person we need processing power to continue to increase exponentially per unit of space. Silicon won’t get us there.
OTOH you haven’t heard of NFTs in a while because AI hype replaced it, so… what hell spawn is going to replace the AI hype?
I’m calling it now– it’s quantum computing.
I have some friends who work in it, and I’ve watched and read damn near everything I can on it (including a few uni courses). It is neat, it has uses, it will not install transform all computing or invalidate all security or anything like that. It’s gonna be oversold as fuck.
3 blue 1 brown has great videos on it. Grover’s Algorithm, the best we can think to try to apply, is √N faster than traditional computing. Which is a lot faster for intense stuff like protein folding, but it’s linearly faster. SHA256 encryption still would take an eternity to brute force, just a smaller eternity.
Probably right, but to be fair it’s “been” quantum computing since the 90’s.
True, but the grifter crowd has the internet as a medium and is larger and more empowered than ever
AI has been AI since the 50s.
AI has had multiple boom and bust times since then. Quantum hasn’t ever “happened” yet.
This is a good take for a lot of reasons.
In part because NFTs are still used and have some interesting applications, but 90% of the marketing and use cases were companies trying to profit from the hype train.