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To a degree the internet bubble was sad. Many people lost their shirt in the dotcom crash when they took on debt to exercise stock options or mortgaged their ho
by econner 9y ago
To a degree the internet bubble was sad. Many people lost their shirt in the dotcom crash when they took on debt to exercise stock options or mortgaged their homes to buy dotcom stocks that failed.
But, of course, the internet bubble allowed all the fiber to be laid that formed the backbone of the internet & that gave rise to the great internet companies.
I'm long cryptocurrencies and I believe the technology is going to persist. It would be nice though to be able to do it without a whole bunch of people losing their life savings in a bubble, but perhaps that's wishful thinking.