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0 pointsdanaris3y ago0 comments

You can keep telling yourself this to convince yourself that crypto will be as big as the Internet someday, but it is absolutely not the case.

Sure, there were some old fogies (actual advanced age not required, but common) who thought in ~2000 that the Internet was nothing but a passing fad, but anyone with actual sense—including many, many people who were not at all financially invested in tech companies—could see that there was plenty of real substance there, however overly-inflated some valuations were at the time.

By 2000, we already had, very firmly-established, companies like Amazon and eBay, that were clearly worthwhile Internet marketplaces making it vastly easier to buy & sell things.

In 2022, the most "firmly-established" things we have in the blockchain landscape are the cryptocurrencies like Bitcoin, whose sole purpose is to be a different kind of money and/or speculative vehicle. Effectively the only people pushing these things are the ones who stand to lose lots of money when they finish crashing.

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capableweb3y ago

> You can keep telling yourself this to convince yourself that crypto will be as big as the Internet someday, but it is absolutely not the case.

I own zero cryptocurrencies and would rather see the entire ecosystem crash down just to bring the people behind it back to reality. I'm just writing about my experience from the perspective of someone who experienced the "beginning of the internet as mainstream media" for the ones who didn't.

danarisOP3y ago

I was definitely there, as were a bunch of the rest of us. Your experiences are not universal.

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