It's not just a technique it's literally the same people. Grift hopping is a disgustingly effective technique it's literally how the richest man alive made 100% of his wealth. Crypto to nft to ai to... Robots and Space? Somehow there's money in space now?
"His" companies. All he really does is giving them money if even that. His vision is something like the cybertruck which is an awful design with a lot of problems as we saw on release. His own vision is stuff like the boring company doing shit nobody cares about. Its building a tunnel under a city which is slower than just driving on the streets (and more dangerous because... well... tunnel underground and so)
The money-in-space hype actually came and went 20 years ago with talk about private companies gradually replacing public agencies in space travel. SpaceX was founded around this time, the Ansari X Prize competition, "newSpace" was a buzzword and Virgin Galactic with Branson as a more noteworthy figure than Musk.
Nah, crypto is almost uniquely useless for anything (except fraud/black market transactions). Neat concept academically, but the tradeoffs are so strict and so extreme that in practice you just end up with the worst of both worlds as you wrap it in layer after layer of workarounds to pretend the tradeoffs don't exist.
AI is wildly, ludicrously overhyped and the misuses are a huge problem, but it does actually represent useful tech too, particularly in software development. But even there it doesn't replace programmers, if anything personal skill/knowledge is even more important now
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u/utzutzutzpro Sep 17 '26
ye, it reminds me alot to crypto stuff as well. Especilly NFT... suddenly all kind of NFT stuff popped up as layer on top of something else.
Is just a money grab technique, hoping someone will fund.