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Friday Squid Blogging: Jigging for Squid

ID: f9607afe-2b8a-519c-9a82-0e4103d7ba62

STIX ID: report--f9607afe-2b8a-519c-9a82-0e4103d7ba62

Feed Name: Schneier on Security

Date Published: 2025-09-26

Date Updated: 2026-04-19

Author: Bruce Schneier

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The document is a critical commentary asserting that recent tech hype cycles—cryptocurrencies, NFTs, Web3, and now AI—are driven by venture capital and corporate incentives rather than sustainable value, portraying current LLM/ML systems as overhyped and likening parts of Web3 to criminal enterprises; it warns of broader economic risks tied to these bubbles and critiques influential figures, framing the piece as socio-economic analysis rather than a cybersecurity incident report.

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