Blockchain’s Hype Is Dying According to Corporate America’s Earnings Calls

Sadly no. But luckily its self correcting. While traditional companies drink koolaid and aim for short term share price bumps, tech behemoths continue to eat their lunch. In a few decades (4-5), there might not be any traditional companies left to drink the koolaid.

Good question. But it could be that the hype cycle is a natural part of idea development and it may even hide beneficial effects to the timeline of refining a concept. It's kind of hard to say because we can't go back and do an empirical experiment; to try and develop the same technology twice, once with short, sexy buzzwords which spread through the media like an STD and once with dull but realistic scientific papers that never reach any laypeople until the tech is actually done and applied to products and services.

I guess a way to tamp it down might be to avoid appointing big, singular celebrity personalities as officers in the company, to carefully plan press releases, and try to describe concepts precisely and plainly instead of with trendy terms. But it's still so hard to predict what kind of terminology will have that buzz factor before it hits the public, so it might all be pissing up a rope.

Once more, it might actually be a bad idea to try and combat the over-hyping phenomenon when all is said and done. Sure, there's a trough of disillusionment, but there's also a lot of skilled individuals who get swept up in the gravity well of that concept anyway and add talent and funding despite the fact that expectations overshoot reality at first. It might not be so destructive or wasteful, but instead we place too much psychological weight on disappointment and let it blind us to the more modest and slow (but realistic) benefits. I think we as a culture are terribly phobic of disappointment.

Of course some hype cycles don't end in a plateau which gradually progresses upwards--some ideas just die. Who knows how to really spot one of those in time to do any good, though. Hindsight is a benefit we don't get until it's too late, and we must simply try to apply what we learned to the next thing. The next thing is always a little different, though, so it's never a perfect prediction.

For reference if anybody hasn't seen it already: https://en.wikipedia.org/wiki/Hype_cycle

TIL that MakerDAO, DAI, Digix, dydx, dharma protocol, 0x, derivatives tokens, Augur, and Aragon aren't useful.

That's the problem - the only functioning use for public blockchains after 10 years is for crypto assets, i.e. for money making schemes, so will there be anything left at all if the people interested in making money move on? In contrast, when the dot-com bubble burst and the get-rich-quick folks moved on, there were clear established use cases for the technology beyond simply making money, and as a result mass adoption was well underway. Pretty much all other so-called blockchain projects at the moment are either using it where they don't need to (i.e. they have no need for decentralised trust) or aren't using blockchains in the original sense at all (i.e. they're using some centralised version of it, which defeats the point).

The jury is still out on cryptocurrencies. The blockchain hype is priced into Bitcoin and other crypto. It will remain around in some form but not even close to its peaks.

It's ridiculously expensive per transaction, your account can be wiped out if someone gets your token, it's not "untraceable", etc.

I understand and agree. It's just a "water is wet" article.

There's no profit in current bear market = there's no hype.

> It is a little more nuanced; the hype is dying (or so the writer believes).

Which would correlate with the title: "Blockchain’s Hype Is Dying According to Corporate America’s Earnings Calls"

If Git is a blockchain, explain `git push --force`.

Building d-apps is now financial advice?