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one more shitty techbrofad down (slrpnk.net)

submitted 2 months ago by [email protected] to c/[email protected]

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https://www.goingconcern.com/ais-hype-phase-is-dying-and-fast/

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[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

I don't think GP is arguing that crypto is a good thing here. They are refuting the meme which calls crypto a dead fad.

As mind boggling as it may sound, crypto is still a very strong industry, raising about 10 billion per year. Sure fundraising has been divided by 3 since the hype years but that's still very comfortable numbers.

Again, not saying it is a good thing. But just because it doesn't make mainstream headlines anymore doesn't mean it's dead.

[–] [email protected] 2 points 2 months ago (1 children)

I agree with everything you're saying except crypto is not down by more than half since it's peak.

[–] [email protected] 0 points 2 months ago

You know what you're right, i was mistakenly taking 2022 as a baseline. I'll edit my original comment to reflect that.