[rgmerk]

My hypothesis: Generative AI is, in part, reaping the reaction that cryptocurrency sowed.

[zbentley]

Could you expand on that?

[rgmerk]

Numerous critics pointed out that the only application where cryptocurrencies had any real advantages over conventional finance was crime.

The critics were right, and the cryptocurrency ecosystem in which Silicon Valley was a not insubstantial part were wrong.

As such, and combined with the ills of social media, Silicon Valley has blow’ any public trust it may have had in the past.