Comment by marcosdumay
6 months ago
> 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.
Being legal and being useful are different.
The legality is new. Time will determine the success of legal + useful applications.