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by forgetfreeman 2 hours ago
Heh. I vividly remember the hype cycle around self-driving cars. Roll the tape forward a decade or so and combined R&D spend approaches the GDP of a small industrialized country. Untold millions of column inches, close to a decade of hyperventilating FOMO hype mill output. Net result: some cab companies ended up filing for bankruptcy, but really Uber did that.

Crypto bros early claims that blockchain would threaten sovereign nations' ability to collect taxes by ushering in an era of perfect anonymity to financial transactions...

Glassy-eyed consultants convincing basically everyone that introducing electronic devices into classrooms would usher in a new era of human achievement...

As a software engineer it took me a couple more decades than it should to realize that the tech industry, and especially the tech industry in CA, runs entirely on bullshit.