Blockchain's Limited Role and the Unchanging Cycle of Hype

There is no new paradigm or revolutionary idea; instead, people are trying to force old concepts onto the global stage and observe seemingly successful activities of Bitcoin. ICOs and NFTs have come and gone, and decentralized exchanges (DEXs) turn out to have addresses and vulnerabilities that can be exploited at any moment. Central Bank Digital Currencies (CBDCs) are of no interest—they're against your interests. The hype around AI hasn't gained traction because... and what does this have to do with blockchain? Increasingly, it becomes clear that blockchain has a very narrow task, and that task has been accomplished. Meanwhile, ultra-fast, low-cost blockchains are launching meme tokens created by impoverished students.