Another core developer of a portfolio left the industry to start an AI application business. The most prestigious individuals and organizations in the industry are focusing on memes.
PANews Editor's Note: IOSG founder Jocy posted a new tweet today saying that another core developer of its portfolio has left the industry to start an AI application business. The most prestigious individuals and organizations in the industry are focusing on memes. To be honest, what's wrong with winning this battle? AGI is the grandest narrative in history. All the best talents will be attracted as long as they observe carefully. If the goal of everyone in the crypto world is to get more outstanding people to leave and finally make web3 a big casino, is their success still worth shining so brightly? The goal of many entrepreneurs and developers is not just to get rich. They want to make applications that change the world, and want to leave a mark on history and be recognized. When everyone in the entire environment does not pursue true ideals and values, these people will leave. I really hope that everyone can be more responsible. Excellent people will shine in any industry. When they shine in the AI world, they will never come back to the cryptocurrency circle. At that time, we will lose not only talents, but also an era lost in the cryptocurrency circle.
As soon as this tweet was released, it sparked heated discussions in the community. The following are some wonderful comments from KOLs and netizens.
EncryptionI think excellence is relative. It is true that AGI will change the world, but it cannot be said that only those who are suitable for AGI are excellent. Hayden, who created AMM, was just a Siemens engineer, but AMM is definitely a creation that changed the world's financial history. Generally speaking, excellent people can shine in various industries, but they shine brighter in some industries than in others. Instead of looking for excellent people, it is better to look for suitable people.
0xBaiThe current situation is the result of a combined effort. At first, people believed that encryption would change the world and believe in the future. As a result, after repeated VC/project parties poured in and falsified the narrative, everyone became smarter and decided that it would be better to go directly to the casino. Many people who got big results would not return to the encryption industry to feed back to the industry. If it ends up being a big casino, only suitable for payment and pvp, it is normal to let the market decide, and there will naturally be a suitable positioning.
CatI think crypto players and real blockchain builders are not the same group of people. It is normal for the attention to be diverted before the builders produce anything. The development of technology is like this. The history of AI development, VC Fomo after Alpha Go came out, and the four little dragons of AI in China could not survive. A large number of AI practitioners left, fresh graduates could not find jobs, and no one wanted to learn machine learning until the transformer architecture came out and AI exploded again. What is more pessimistic is that I found that many investment institutions in the "coin circle" care about issuing coins and making money.
JasonAs soon as this article comes out, some people may say, "Look, VC didn't make any money this round, and they are envious and jealous again." This industry is essentially different from the traditional technology industry: the backgrounds of the participants are very diverse (because the threshold in the early stage was too low), that is, they ignore the core driving force of technology for economic development and lack true venture capital values. The core value of VC is to strive to achieve financial benefits while promoting technological innovation. Although memecoin does have valuable attributes and pmf in the industry, and I also think that there is no problem for the community to participate in memecoin pvp, but if the largest and most influential (to the outside world) institutions in the industry are all committed to promoting digital casino culture, it will only keep professional capital away and make entrepreneurs specializing in technology products fail. In the end, those who remain at the table are casino owners, gambling agents, and gamblers.
Dana (Yzi Labs)AGI is a beautiful grand narrative, but the reality is trivial and complicated. Looking closely from this grand narrative, every company, every product, and every entrepreneurial team has its own struggles and anxieties. AI has indeed improved efficiency, but it has also lowered the threshold. Let alone the long term, just look at the short and medium term. Where is the moat for an AI application company, or even a large model company? These questions are in front of us, and we still sit there and can't sleep.Human growth is never a straight line. Try different industries and slowly find the path that is closest to your heart. In the short term, it can be said to be speculation, but in the long term, it may be possible to connect the dots. In the final analysis, who you are and what you want to accomplish is up to you to decide; only by looking at it over a longer period of time can you see clearly.In an industry that is developing rapidly, such
