I suspect that many EAs tactically and temporarily suppressed their use of EA language after the FTX debacle, when they knew that EA had suffered a (hopefully transient) setback.
This may actually be quite analogous to the cyclical patterns of outreach and enthusiasm that we see in crypto investing itself. The post-FTX 2022-2023 bear market in crypto was reflected in a lot of ‘crypto influencers’ just not talking very much about crypto for a year or two, when investor sentiment was very low. Then, as the price action picked up in the last half of 2023 through now, and optimism returned, and the Bitcoin ETFs got approved by the SEC, people started talking about crypto again. So it has gone, with every 4-year-cycle in crypto.
The thing to note here is that in the dark depths of the ‘crypto winter’ (esp. early 2023), it seemed like confidence and optimism might never return. (Which is, of course, why token prices were so low). But, things did improve, as the short-term sting of the FTX scandal faded.
So, hopefully, things might go with EA itself, as we emerge from this low point in our collective sentiment.
David—this is a helpful and reasonable comment.
I suspect that many EAs tactically and temporarily suppressed their use of EA language after the FTX debacle, when they knew that EA had suffered a (hopefully transient) setback.
This may actually be quite analogous to the cyclical patterns of outreach and enthusiasm that we see in crypto investing itself. The post-FTX 2022-2023 bear market in crypto was reflected in a lot of ‘crypto influencers’ just not talking very much about crypto for a year or two, when investor sentiment was very low. Then, as the price action picked up in the last half of 2023 through now, and optimism returned, and the Bitcoin ETFs got approved by the SEC, people started talking about crypto again. So it has gone, with every 4-year-cycle in crypto.
The thing to note here is that in the dark depths of the ‘crypto winter’ (esp. early 2023), it seemed like confidence and optimism might never return. (Which is, of course, why token prices were so low). But, things did improve, as the short-term sting of the FTX scandal faded.
So, hopefully, things might go with EA itself, as we emerge from this low point in our collective sentiment.