NFTs lost because they didn't do anything useful for their proponents, not because people were critical of them. They would've fizzled out even without detractors for that reason.
On the other hand, normal cryptocurrencies continue to exist because their proponents find them useful, even if many others are critical of their existence.
Technology lives and dies by the value it provides, and both proponents and detractors are generally ill-prepared to determine such value.
Okay, but during the NFT period, HN was trying to convince me that they were The Future. Same with metaverses, same with Bitcoin. I mean, okay, it is Different this time, so we are told. But there’s a boy who cried wolf aspect to all this, y’know?
Baseline assumption: HN is full of people who assume that the current fad is the future. It is kind of ground zero for that. My HN account is about 20 years old and the zeitgeist has been right like once.
On the other hand, normal cryptocurrencies continue to exist because their proponents find them useful, even if many others are critical of their existence.
Technology lives and dies by the value it provides, and both proponents and detractors are generally ill-prepared to determine such value.