Comment by sanderjd

Totally. I think the comparison between the two is actually very interesting and illustrative.

In my view there is significantly more there there with generative AI. But there is a huge amount of nonsense hype in both cases. So it has been fascinating to witness people in one case flailing around to find the meat on the bones while almost entirely coming up blank, while in the other case progressing on these parallel tracks where some people are mostly just responding to the hype while others are (more quietly) doing actual useful things.

To be clear, there was a period where I thought I saw a glimmer of people being on the "actual useful things" track in the blockchain world as well, and I think there have been lots of people working on that in totally good faith, but to me it just seems to be almost entirely a bust and likely to remain that way.