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Obviously. My point is that the delusional character of some descriptions of it have a little bit of signal deep inside
Not sure that's true. Game-changing tech will generally get hyped up in delusional ways (though not always), but inversely many things that get hyped to the moon don't actually end up being important...
What has been as hyped up as blockchain but hasn’t ended up being important?
The common thread is radical and powerful decentralization. You can see that it is here but not see where it will be applied.
Wasn't radical decentralization also a key pitch for IoT in the late 2000s/early 2010s?
I disagree with the mobile phone analogy. I don’t think the impact was obvious looking at the early feature phones. They were popular for buying ringtones, sending texts, and playing Snake, but I don’t think people expected them to have the impact they’ve had.
Saying “Oh, this is BS and it won’t matter” is always a safe answer. Because, by default, most new tech will turn out being irrelevant. But having a high accuracy is irrelevant for investments. What matters is a high recall for the positive examples.
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