> isn't HN supposed to exercise reason and logic, and not just ride the waves of hype and disillusionment like the less-tech-savvy public? No. This is a financ

> isn't HN supposed to exercise reason and logic, and not just ride the waves of hype and disillusionment like the less-tech-savvy public? No. This is a finance site, reason and logic has absolutely no bearing on these people once you tease infinite returns like this. Sam Altman just waved AI demos in front of Microsoft's face and got a business deal closed in less than a week. It wouldn't surprise me if YC's diligent investors were the same way with Web3. Personally speaking (having previously been part of the Web3/crypto movement circa 2015), I think AI is also zero-sum. The race to the bottom looks different from cryptocurrency though, and less harmful than it is annoying. Cryptocurrency's failure was obvious - a currency without guardrails or guarantees is a king's ransom of sand. It falls through your fingers over months of rug pulls, blockchain drama and nervous sideways-trading. The only way to get good at cryptocurrency was to stop using it, in my experience. In the age of KYC it's barely even useful as a fast alternative to wire transfers. On the other hand, AI is indeed harmful but not in a terribly destructive way. It promotes false knowledge, can distributes harmful information and even make humans feel hopeless and depressed. The internet also promoted these sentiments though, and the "business" side of cryptocurrency was almost entirely centered on swindling and misinformation. The "lowest common denominator" scenario for each side is dire, but the messaging around cryptocurrency legitimizes it when at almost every level it is fundamentally unsafe. That makes it the more dangerous technology, in my eyes.