Comment by tudorizer
17 hours ago
This parallel is something that I've been mulling over for the better part of this year.
Are we simply getting old and bitter?
Personally, I would add a previous cycle to this: social media. Although people were quick to point at the companies which were sparked and empowered by having unprecedented distribution.
Are we really better or worse off than a few decades ago?
> Are we simply getting old and bitter?
No, we are getting wiser. It's not bitterness to look at a technology with a critical eye and see the bad effects as well as the good. It's not foolish to judge that the negative effects outweigh the positive. It's a mark of maturity. "But strong meat belongeth to them that are of full age, even those who by reason of use have their senses exercised to discern both good and evil."
We know that people can easily end up irrational either way. Some people more naively positive and others more cynical and bitter. Maybe it's even possible to make both mistakes at once: The same person can see negatives that aren't there, positives that won't happen, miss risks, and miss opportunities.
We cannot say "I'm criticial therefore I'm right", neither "I'm optimist therefore I'm right". Right conclusion comes from right process: gathering the right data, and thinking it over carefully while trying to be as unbiased and realist as possible.
Your comment is, strictly speaking, correct, but not very useful, because nobody is saying either of those things. The reality is that 90% of people are totally oblivious to the danger of any technology, and they scorn the 9% who say "Let's examine this carefully and see if we can separate the bad from the good." There is the 1% of people who will oppose any change, but they're not dominating the conversation like the people are who say that this technology is unmitigated good (or at least that the bad is so minor that it isn't worth thinking about or changing for).
(Also strictly speaking, "I'm critical therefore I'm right" isn't always valid, but "I'm uncritical therefore I'm right" is always invalid.)
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> Are we simply getting old and bitter?
For crypto, no. It's basically only useful for illegal actions, so if you live in a society where illegal is well correlated with "bad", you won't see any benefit from it.
The case for LLM is more complicated. There are positives and negatives. And the case for social networks is even more complicated, because they are objectively not what they used to be anymore.
> It's basically only useful for illegal action
Blockchain assets ("controllable electronic records") are defined in the UCC (Uniform Commercial Code) Article 12 that regulates interstate commerce, https://news.ycombinator.com/item?id=33949680#33951026. Some states have already ratified the changes, others are in progress.
U.S. federal stablecoin legislation was passed earlier this year.
Low interest rates favor parasite middlemen, not those who actually do stuff
> Are we simply getting old and bitter?
Maybe, but it has nothing to do with change itself.
Change can be either positive or negative. Often it is objectively negative and can stay that way for decades.
My theory is that bitterness, at least this particular flavour, stems from seeing this negative impact, more than anything.
Change itself is a must. It's nature's law.