Cryptomania

All the attention of the tech world is now on AI. In the meantime Web3 has bitten the dust. Clearly all that great distributed / decentralized internet concepts based on blockchain did not deliver. At least I am not aware of any widespread product / service based on blockchain.

The idea was great. But somehow the technology was flawed or not feasible to implement. Or not providing enough value to the markets, except for speculations and illicit transactions

The nature of our times is we tend to create problems which did not exist to solve them with new inventions. Sounds almost like a race to the bottom.

AI too, so far, other than the excitement and fear has not yet proven clearly positive. People say it would revolutionize jobs. Maybe. My first thought was the first profession to be replaced by AI would be lawyers. But it turned out lawyers are smart and they have been among the first using AI tools. And drowned in this AI swamp. Kids started using AI to write homework, teachers to check if the homework was written by AI. Same with job candidates and recruiters. What a mess.

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