Comment by peteforde

My point is that regardless of who got rich, the web 3.0 pitches themselves did not pass even the most casual review.

I was asked to audit a few proposals during that era and in every case I had to go back to the person asking me to say that it was a technical architecture L. Ron Hubbard would have admired. Just straight up making up words in most cases.

Far beyond "wait, is this actually a parody? how is this not a parody?" territory. 80% of them were effectively "tamagotchis + pyramid scheme".

This is why I say that you don't have to love LLMs, but you also can't compare them in terms of also bad. Jay-walking is bad and Jeffrey Dahmer was bad; they are not "both bad".