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If the point the author is trying to make is that Amazon and Google were made possible by the dotcom boom, and that the collapse of the dotcom bubble was part o
by Goladus 9y ago
If the point the author is trying to make is that Amazon and Google were made possible by the dotcom boom, and that the collapse of the dotcom bubble was part of the price we as a society had to pay to have the services provided these companies, that's a really really bad argument.
Well, the article actually refers to that argument as a "desperate rationalization," although rather than delving into refuting the analogy he focuses on his primary thesis which is that right now, the speculative bubble is preventing any real determination of whether the blockchain technology has (or does not have) any practical uses.
- zodPod 9y agoYou're absolutely right! I'm not sure why the parent thought that this article was trying to make a real point there at all. Gives me the impression that he/she didn't read past the first sentence before making that comment.
- Goladus 9y agoWell, I think the parent just wanted to clear up any confusion about the validity of comparing the dotcom bubble with the crypto bubble. Also, to be fair, the TC Article's author is fairly optimistic about the possibilities in crypto/decentralized apps. At least during the dotcom boom, the deluge of foolish money was vaguely aimed at truly revolutionary technology that had been proven useful for over a decade, and had recently produced legitimate companies with traditional, viable, revenue-generating business models.