The false equivalency in this explanation is off the scale.

It wasn't just that crypto was an obvious grift; it was that you didn't need to be an experienced developer to confirm that 99% of the "web 3.0" nonsense that what was being thrown around literally made no technical sense.

You might reject LLMs on principle, or find that they don't work for you. But I think we're well past any debate of whether they do anything at all, which is exactly where crypto was sitting at peak hype.

Crypto also obviously does something at all. If anyone was saying it didn't, they were just as delusional as people saying that AI does nothing at all.