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Many were saying crypto/blockchain/NFT (will refer to the cluster as "web3") was a bubble all along. Most notably, the Hacker News "hivemind" had a markedly ant

Many were saying crypto/blockchain/NFT (will refer to the cluster as "web3") was a bubble all along. Most notably, the Hacker News "hivemind" had a markedly anti-web3 lean for at least the last four years. It might've seemed like there were more positive voices for web3 because many people stood to gain monetarily from it. It was more "democratized" in that way. With AI, there is a bigger moat and it's unclear whether there's big money to be made by anyone other than those who already own the underlying tech or have tens of billions to catch up.

paulgb 4y ago
> It might've seemed like there were more positive voices for web3 because many people stood to gain monetarily from it. Yeah, I think people underestimate the prevalence of this effect. At one point I tried figure out the origins of a story (covered by MSNBC) that the web3 game Axie Infinity was lifting people out of poverty in the Philippines. Every story was sourced back to the same report by a related party of the game. (Axie ended up imploding catastrophically. I haven’t seen any stories about what happened to all the Filipinos dragged along into it)