Existing generalized large language A.I. models make a lot of difficult tasks trivial.
We've seen examples.
That's the commoditized middle of the tech stack.
The real value-adds will be:
- in front of the A.I. models (UI)
- behind the A.I. models (training data and technique)
I wouldn't be surprised if blockchain validators are eventually valued similarly to laundromats.
Reliable revenue, low maintenance, "location" matters. Revenue grows with population.
Validators will also be scarce with an increasing startup cost, providing an entry-cost moat.
I'm building an A.I. tool while being served food at a restaurant by a robot.
Science fiction inspires (predicts?) reality.
The Jetsons were right, starting with the smart watch.
Seeing reports of GPT-4 auditing code and giving exploit instructions.
Intelligence is being commodotized.
In this case, the spread between hackers and auditers is being arbitraged to near-zero.
web3 integrated into Web 2 apps and Web 2 integrated into web3 apps.
This will inspire new ideas. Bring more developers. Present more viable use cases.
Adoption curves are fascinating to observe.
Coinbase is clearly at the center of the target in terms of who risks being in SEC crosshairs.
They clearly believe they can create a relatively "safe" blockchain for users and businesses to interact with.
A company can use A.I. to process a user's data one time, delete it (or return it to a customer), and have it incorporated into a broader market offering.
The line between data privacy and utilization can start to look different.
I’ve seen some tweets about “judge rules Dapper NFTs are a security.” This is wrong, and this is why people should seek legal input before publishing false articles. Here is what really happened:
Dapper is being sued for the unregistered sale of securities. Dapper tried to file a motion to dismiss, which is an early motion and rarely ever successful. To win on a motion to dismiss you have to accept everything that the other side pleaded as fact (even if it’s not), and your argument is “even if everything they said” is true they still can’t win on the law. The judge ruled in the Dapper case that the plaintiff pled enough evidence that IF ALL THE ALLEGATIONS ARE TRUE, that there is a securities violation. Now we go into discovery to learn what the real facts are. Once that is done Dapper will likely file for a motion for Summary Judgment
Visa has been building their blockchain team for some time.
They've openly discussed their work on StarkNet, an Ethereum L2, partially due to Account Abstraction capabilities.