On HN, the lack of enthusiasm for blockchain certainly has those factors.
It also has another factor that Algorand doesn't solve: no one has found a problem that blockchains uniquely solve (other than making cryptocurrencies).
There is debate about whether cryptocurrencies are useful or just a speculative market for gambling on useless digital assets, but even if you think cryptocurrencies are truly useful, Satoshi's underlying breakthrough isn't that novel or exciting anymore.
It also has another factor that Algorand doesn't solve: no one has found a problem that blockchains uniquely solve (other than making cryptocurrencies).
There is debate about whether cryptocurrencies are useful or just a speculative market for gambling on useless digital assets, but even if you think cryptocurrencies are truly useful, Satoshi's underlying breakthrough isn't that novel or exciting anymore.