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Pointing out that other revolutionary tech looked stupid to some people at first doesn't mean that things that look stupid are going to be revolutionary. You c
by TheDong 8y ago
Pointing out that other revolutionary tech looked stupid to some people at first doesn't mean that things that look stupid are going to be revolutionary.
You could just as easily point out that investing in beanie babies looked stupid, or any of a number of other totally failed ideas seemed stupid.
Most things fail. Your comparison adds no meaningful information and is attempting to mislead based on fallacious reasoning.
- josu 8y agoI think you missed the point I was trying to make; I was mentioning that OP has made a too broad of a statement which could apply to any successful technology too. I wasn't trying to make any comparisons, since these are two very different situations.
- lazyasciiart 8y agoI think you were unclear - I also thought you were saying that bitcoin was like the successful tech you mentioned.
- josu 8y agoThanks for pointing it out. Comparing the current bitcoin space to the '99 internet is a common so I should have been more clear. I think that the comparison to the 70s internet is better, but that doesn't work that well to explain current valuations.