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History repeats itself. In 2000 I saw the same enthusiasm of young people around how much money they are going to make on the Internet. The parallel that is im
by bob33212 5y ago
History repeats itself. In 2000 I saw the same enthusiasm of young people around how much money they are going to make on the Internet.
The parallel that is important to understand is that Pets.com went bankrupt, but the idea that people would buy their groceries (including pet food) on the internet was correct and very common 20 years later. No one should be surprised if Bitcoin may goes down to 5k. But you should be surprised if no-one is using distributed ledgers 20 years from now.
- harryh 5y agoThe use case for buying groceries on the internet was clear (getting food without having to go pick it up yourself). It was just a question of things getting big enough for the economics to work. The use case for distributed ledgers is not at all clear, after over a decade of tinkering. You could be right, but I wouldn't be surprised either way.
- stOneskull 5y agofor buying stuff on silk rd?
- NicoJuicy 5y agoThat's a terrible comparison. You could use that logic for anything that failed. Amazon is older than 2000 and became the clear victor. There's no winner in cryptocurrency after a decade.