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There were a lot of scammers before too though! https://en.wikipedia.org/wiki/Radioactive_quackery …pic.twitter.com/PuGdJdFGpH
oh of course american hype mentality has always been prone to scammers at every stage of history i'm just saying that besides the scammers there used to be opportunities to actually harness that for generative foundational projects and now i am less and less sure there still are
Hmm yeah. Maybe a few things going on - more hype cycles at once means less investment in any particular cycle - shorter hype cycles means people who would commit time are more reluctant to - just a lot of stuff going on that distracts the people who would otherwise build things
I guess your information ecosystem point really depends on the funding source too: it matters a lot more that the hype cycle not be short if your project needs a lot of public investment
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