Beyond the Buzz
The path of technological evolution resembles more of a marathon than a straight-line run. While it may appear as if we're speeding down a tech highway, in reality, we're steadily advancing, achieving one milestone after another, possibly until the end of our species—well, only time will tell.
I began my day with a Telegram message from a friend showcasing his latest acquisition, the Samsung Galaxy S23 Ultra. Even with the imminent launch of the S24, the S23 Ultra stands as the latest flagship from the Korean powerhouse. Currently owning the S21, I've contemplated a phone upgrade for some time.
The Samsung Ultras, though powerful, strike me as a bit large and unwieldy for my hands. Considering their relatively high price, I opted to delay the instant gratification of a new phone purchase and embarked on researching the features of the upcoming model.
While the specifics are still uncertain, rumors suggest that the Samsung Galaxy S24 Ultra will come equipped with built-in AI capabilities. Users may generate content using a few keywords (a practice I wouldn't recommend for Hive), and, more importantly, leverage AI-related features with the cameras.
One noteworthy feature allows the removal or repositioning of objects in both photos and videos. This is a feature I eagerly anticipate.
Elon Musk predicts that AI will surpass the intelligence of the smartest human within the next three years—a prospect simultaneously exciting and daunting. The thought of machines outsmarting us raises concerns, despite the excitement over having hardware and software capable of outperforming certain human abilities.
The past year has witnessed a crypto frenzy around AI projects, with coins like OCEAN, FET, or AGIX experiencing substantial pumps amid the bear market. This surge indicates growing investor interest in AI, and the potential approval of a Bitcoin spot ETF signifies an appetite for technology and its boundary-pushing attributes.
However, many AI crypto projects have yet to demonstrate real-world impact. In contrast, Hive, often considered a primitive project, is actively solving real-life challenges—an aspect often overlooked in the blockchain space.
Recent news on Twitter revealed that Logan Paul, the famed American football player, is under investigation for promoting and being involved in the sale of unregistered securities during the NFT mania phase. Each bull cycle brings its own mania—ICOs in 2017, gaming and metaverse in 2021, and this time, AI and likely DeFi coins will take the spotlight.
The digital realm will once again captivate attention. Although there hasn't been much buzz about personalities like Snoop Dogg buying land in the "dream land" (metaverse), the mania phase of the current bull market will likely unfold with similar scenarios. Presently, the metaverse has lost some allure, NFT games have waned in popularity, and skepticism lingers in the market.
We seem to be experiencing a second phase of disbelief in the current cycle. The first occurred when BTC surpassed $25k, and now, both bulls and bears are astounded by the rapid rise of BTC to $40k+. The halving and the potential approval of a Bitcoin spot ETF (or simultaneous approvals) are imminent.
The Binance and CZ saga has refocused attention on DEXs and DeFi in a positive sense, challenging the perceived invincibility of CEXs. While technology automation is destined to shape our future, it won't happen overnight.
I am confident that flying taxis will become a reality, but not in the immediate future. The years to come will witness speculation on tech-related stocks and crypto, offering opportunities for profit. However, temper your excitement; the world won't transform into a dystopia anytime soon.
Patience is key—everything takes time.
Thanks for your attention,
Adrian
This is a lot to take in and an eye opener.
As a person, I am happy about technological advancement but not so happy about how it’s taking away people’s jobs.
If we manage to become financially independent without the need of much work then it's no problem that robots are taking our jobs.
The whole idea of becoming financially independent is exciting to me as a person.
On the contrary as an African, our economy and environment always seem like they are fighting against your hardwork and breakthrough
Same thing almost everywhere.
Your view in optimistic terms is interesting. I love technology and depend on it. However, sometimes I wonder, wouldn't it be equally enriching for everyone if the basis of it were not non-renewable resources? To what extent do many companies speculate on their depletion and the value of their shares? Perhaps I would like the transition towards a technology without a trace of carbon and that uses renewable energies to be noticed once in our daily lives.
I don't see the carbon problem to be that severe. From what I read a while back it seems that humans are responsible for only 0.02% of the carbon currently found in the atmosphere.