1. Clever Hans was a horse that was able to perform mathematical calculations and other impressive tasks, which initially appeared to be a remarkable example of animal intelligence.
However, it was later discovered that the horse was not actually doing the calculations himself, but was instead picking up on subtle cues from the audience and trainer to determine the correct answer.
Both web3 and the metaverse jeopardize untapping the relevance of crypto: “X as code”:
$BTC: money
$ETH: contracts
Software is eating the world. Eating the web or VR only delays the unavoidable
Relevant: create value, solve problems, do things that matter, fix what sucks,…
Web3 is a terrible choice of name too
Crypto is undoing a lot of the centralization in web 2.0*, and requires technical knowledge. Today, it should be 1.2 IMHO
* Similarly to Jamstack: less PHP, more REST & static pages. Nobody promised linear evolution…
Many people expect crypto will become easier, more polished, and gain mass adoption
It is about freedom & DIY, avoiding intermediaries & centralization, much like GNU/Linux. It's not about getting rich. In fact normally freedom comes at a cost
Several things may be considered as "triggers" of an AI winter, e.g
—"aging" of teams
—not meeting investor expectations after diminishing returns
—whistleblowers ending the hype by exposing lies
—…
TBH: I think those are symptoms, but not the root cause