In the beginning, the industry was dominated by nerds and hackers who were passionate about tech. Then those with business acumen noticed that this could make them very rich, and swooped in to "help out" those hackers, who, being fair, probably wouldn't be able to run a successful business on their own. But there are also examples of hackers themselves getting business savvy, and business people becoming tech oriented, and many combinations in between.
While the Silicon Valley, VC funded, hypergrowth mentality is incredibly toxic, I think you'll find many examples in the industry across this spectrum. What we're seeing with crypto, AI, etc. is just the usual hype cycle. This will inevitably be flocked by all types of characters, but we've always had these. Remember the buzz around the early web, the "information superhighway", and the inevitable dot-com bubble? Or the video game crash in the 80s? The same will happen with modern tech. We'll eventually reach the plateau of productivity of these technologies, or they will lose our interest and we'll move on to something else.
In the beginning, the industry was dominated by nerds and hackers who were passionate about tech. Then those with business acumen noticed that this could make them very rich, and swooped in to "help out" those hackers, who, being fair, probably wouldn't be able to run a successful business on their own. But there are also examples of hackers themselves getting business savvy, and business people becoming tech oriented, and many combinations in between.
While the Silicon Valley, VC funded, hypergrowth mentality is incredibly toxic, I think you'll find many examples in the industry across this spectrum. What we're seeing with crypto, AI, etc. is just the usual hype cycle. This will inevitably be flocked by all types of characters, but we've always had these. Remember the buzz around the early web, the "information superhighway", and the inevitable dot-com bubble? Or the video game crash in the 80s? The same will happen with modern tech. We'll eventually reach the plateau of productivity of these technologies, or they will lose our interest and we'll move on to something else.