My purely anecdotal experience so far has been that crypto bulls have tended to be more business-y/finance type people and, even among technical people, the technical people who don’t actually know how a blockchain works. Not a good sign for the technology and its applications but I don’t think all crypto is useless… but a lot of the hype is definitely by people trying to get rich quick with a hand-wavy understanding of the technology.
A lot of people missed out on Bitcoin early days… best way to cash in is to fork it and voila, the crypto Cambrian explosion where most of the forks will eventually die off.
Exposure bias. Who are you going to see more? The thoughtful coder and innovator who spends their time working on problems, or the excited businessman telling everyone about that work? Even the more outgoing founders are overshadowed by influencer types, and that’s not surprising at all.
One dichotomy I have noticed in crypto is that non-involved “tech” people seem to understand crypto and the big picture much more slowly than economically minded people (no, not just speculators). People don’t usually understand that crypto currencies are an economic innovation using cryptographic primitives, though more recently the space has started driving cryptographic innovation as well.
Well the excited businessman telling everyone about the work is the one hyping it to everyone. My point exactly is if it was just the hard working coder in a dark room everybody and their grandma wouldn't be buying into crypto right now. I'm also bullish on the utility of Bitcoin, as it allows for an almost cash-equivalent that's digital. Silk road took it as currency, and cybercriminals. These may be illegitimate businesses but they are businesses nonetheless.
A lot of people missed out on Bitcoin early days… best way to cash in is to fork it and voila, the crypto Cambrian explosion where most of the forks will eventually die off.