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atoav | 2 days ago

The thing is many of those did not fail at all. They just weren't that great from the start. A overhyped technology is a technology that makes people believe it is going to be something that it isn't and solve issues that it doesn't (or that weren't really issues).

To take the first of the list: 3D TV. Everybody liked the idea of being more immersed in a fictional world. But if you watch closely (I studied both media science and film directing), you will realize that there are already traditional 2D films that are so immersive, parts of the audience dislike these films for the lack of distance between what they are watching and themselves. Which is why I said of the brink of the last 3D hype that this is not going to last. So the issue was for the most part that the problem 3D appeared to be solving wasn't actually a problem, while a whole segment of the market fooled itself and the consumers into this was actually the future.

Blockchain is literally the same and everybody could easily predict it by the point block chain evangelists started trying to find blockchain-shaped problems, when they didn't find any useful legal applications where a traditional chain of trust wasn't vastly superior.

Now LLMs are actually useful. The question is just, how much money is that usefulness worth for a regular person to pay and what does it do to society and the planet as a side-effect.

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