alt Hacker NewsThe false equivalency in this explanation is off the scale.
It wasn't just that crypto was an obvious grift; it was that you didn't need to be an experienced developer to confirm that 99% of the "web 3.0" nonsense that what was being thrown around literally made no technical sense.
You might reject LLMs on principle, or find that they don't work for you. But I think we're well past any debate of whether they do anything at all, which is exactly where crypto was sitting at peak hype.
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trumpdong • today at 10:13 AM
Crypto also obviously does something at all. If anyone was saying it didn't, they were just as delusional as people saying that AI does nothing at all.
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> It wasn't just that crypto was an obvious grift
Was it universally obvious? Hindaight is 20/20 There were many block-chain startups funded, and even FAANG got caught up in the hype. FWIW, I was a crypto sceptic, but I had many arguments with believers online and in my social circles. Side note: a crypto enthusiast colleague bought a house off their crypto gains, it may be a grift, but a small number of crypto-believwrs got really wealthy, and you're not going to convince them.