this post was submitted on 09 Apr 2026
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You recognize one word in there and because you associate it with cryptocurrency you dismiss the entire thing.
To be fair, it's a consistent red flag.
Blockchain is theoretically interesting. Very interesting, in certain niches. But 9 times out of 10, "blockchain-based" is code for "enshittified" or "a pyramid scheme scam from the start." And in the cases where its implementation is altruistic, it's still questionably sustainable or creates considerable overhead.
I mean, yeah.
But also, goddamn, are we not allowed to discuss projects with it with interest because a bunch of other assholes talked about it too much a few years back? (btw I fully expect to be having this exact conversation about genAI in about a decade)
Of course it can be discussed…
I’m really into (open weights) genAI myself, have been for years, but at the same time I’m under no illusion the space is clean. The vast majority of services are scams, many open source AI projects are autogenerated slop from someone with AI psychosis (if not outright Tech Bro scams), and that’s not even touching on what Big Tech is pushing.
What I’m asserting is that a fat slab of skepticism is healthy in this kind of space. Be an enthusiast, not a believer. I know much less about blockchain, so perhaps I was a little zealous in judgement, but something about this project just raised a lot of red flags in my head like scam-adjacent AI projects do.
Another thing is that the blockchain scams haven’t gone away, and in ten years they probably will still stubbornly persist. GenAI is going to be the same.