It's crazy how public fervor over tech advances can sometime correlate with how cool and useful they are (like with AI) or go wildly off the mark and fetishize something entirely scammy and useless (like NFTs).
Remember 3-4 years ago when we were all going to live in a magical symphonious world brought to eternal harmony with blockchain built into everything? Now with AI actually promising a world like that (if things go right) people don't seem as excited as when the killer app for the new tech was pictures of apes with hash codes pointing to their urls.
> It's crazy how public fervor over tech advances can sometime correlate with how cool and useful they are (like with AI) or go wildly off the mark and fetishize something entirely scammy and useless (like NFTs).
Obligatory reminder that modern public knows shit all about anything on aggregate - they get excited over things the advertisers tell them to.
Cryptocurrencies were somewhat special, because by enabling a bunch of get-rich-quick schemes (rehashes of old fraudster tricks, for the digital era), they became awash with money that could be used to lure more victims. A positive feedback loop.
Remember 3-4 years ago when we were all going to live in a magical symphonious world brought to eternal harmony with blockchain built into everything? Now with AI actually promising a world like that (if things go right) people don't seem as excited as when the killer app for the new tech was pictures of apes with hash codes pointing to their urls.