The memecoin thing was stupid, totally. Yegge should never have touched it, because well, crypto, but also because that's a distraction from the actual project.
> popularity is in no way a measure of utility
Why would it be popular if it's not useful? Yegge is not like some superstar whose products are popular just because he made them. And while some people may be chasing dollars, most of them are building software that scratches an itch. (Search for Beads on GitHub, you'll find thousands of public repos, and lord knows how many private repos.)
Beads has certainly made my agents much more effective, even the older models. To understand its utility you have to do agentic coding for a while, see the stupid mistakes agents make because they forget everything, and then introduce Beads and see almost all those issues melt away.
> None of these software are actually materialising
They are if you look for them. There are many indications (often discussed here) showing spikes in apps on app stores, number of GitHub projects, and Show HN entries. Now, you may dismiss these as "not actually useful", and at this volume that's undoubtedly true for a lot of them.
But there is already early data showing growth not only in mobile app downloads, but also time spent per user and revenue -- which are pretty clear indications of utility: https://sensortower.com/blog/state-of-mobile-2026
Edit: it occurs to me that by "vibe-coding" we may be talking about two different things -- I tend to mean "heavily AI-assisted coding" whereas you likely mean "never look at the code YOLO coding." I'll totally agree that YOLO vibe-coded apps by non-experts will be crap. Other than Beads and Gastown I don't know of any such app that is non-trivial. But then those were steered by a highly experienced engineer, and my original point was, vibe-coding correctly could look very weird by today's best practices.
> I tend to mean "heavily AI-assisted coding" whereas you likely mean "never look at the code YOLO coding."
The original point that sparked this sub-thread though is that AI is being overhyped. If actual vibe coding (YOLO it, never look at or understand the code, thus truly enabling non-technical folk to have revolutionary power and ability) doesn't work, then AI is yet just another tool in the toolbelt like any other developer life enhancing tech we've had so far, it's just a new form of IDE.
Being a new form of IDE, while very useful, isn't exactly entire economy transforming revolutionary tech. If it can't be used by someone with zero computer/eng experience to build something useful and revenue generating, the amount of investment we've seen into it is way overblown and is well overdue for a pretty severe correction.
I buy AI as a "developer enhancing tool" just like any other devtools that we've seen over my career. I don't currently buy it as a "total labor economy transformation force."