this post was submitted on 02 Oct 2024
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Tbh it's just hard to see the value proposition in the age of cloud computing. I think aspects of the underlying technology are cool but basically every crypto project that comes to mind has been an actual scam. Sure there's eth and RDNR that was built on top of it but why should i spend what will ultimately be more money in periods of high demand (gas goes up when more people use the network) when i can just plug my credit card into amazon or microsoft AND get the benefit of infosec regulation like PCI-DSS. Crypto just doesn't ever inspire confidence because bad actors consistently shit in the punch bowl while providing no extra utility over existing cloud providers.
When distilled down crypto-compute just seems like cloud compute with extra steps, which is already just using a computer with extra steps.
We already can rent GPUs to run AIs with tokens - those tokens are just managed by govt instead of some random.