>>13048269>>13048274Mostly this. Also, the public has entered into a "the boy who cried wolf" scenario; where every step we get closer and then there's a major break through and then that breakthrough recontextualizes that we're another 30 years out.
And it's started to piss people off to the level that even IF the statements were true, there's dismissal of it outright.
>>13048283Cryptomemes were supposed to help with De-Fi. They failed to achieve this, because most cryptomemes refuse to move over from proof of work to proof of stake. This creates failures, because now rich faggots who have tens of millions in capital can build massive miner farms to further extend their capitalization and consolidation of virtual coins. That in turn extends their wealth, in turn drives demand for bigger mining farms, and its a positive feedback loop where the common person who was to be empowered is put in a position where he/she has little to no power and those to whom this system was to stop, have now totally controlled the market.
It's gotten so bad that its starting to spill into latent markets. PC and console gaming is getting fucked in the ass, cause miners are buying out every GPU they can get their hands on. This is cratering supply, rocketing demand, and leading to exponential price increases that makes GPUs that were ~5-600 originally, go as high as 2.5-3,000 instead. The people who make these GPUs no longer care because their dies are flying as fast as they can print them, and they don't do enough to prevent scalpers from hoarding, because their dies are flying as fast as they can print them.
And so these supply constraints are creating new problems that did not previously exist, and thus are driving the "hype" wherein new virtual coin startups are propping up to create new "currencies" as "solutions" to these new "problems" created by the original "solution".
And to make VC throw dumb money at them, they have to wordsmith; say a lot by saying nothing.
