4 ms·
Imagine you had 5,000 online bookstores in 1997, and 99.9% of them had some self described great new tech but none of that tech was being used by any publisher,
by EL_Loco 5y ago
Imagine you had 5,000 online bookstores in 1997, and 99.9% of them had some self described great new tech but none of that tech was being used by any publisher, distributor, printer, author, etc.
I did a lot of research on the top 50 cryptocurrencies and distributed ledgers, for quite some time now, and it's appalling how only a handful (really, like 4) have real world use cases at a large scale and might have a future. Of course, what's more appalling is how people will put their money on all the other 4996 crypto and think that because the price was speculated up, it must mean that the tech is good and will be used in the future.
edit: added the might
- breadzeppelin__ 5y agoRelevant Jared Dillion (former goldman sachs I think, now a newsletter guy) tweet from yesterday: > This may seem hard to believe, but there is more money to be made being long fraud rather than short fraud in the stock market. https://twitter.com/dailydirtnap/status/1416796595132243969 https://twitter.com/dailydirtnap/status/1416796595132243969
- danaugrs 5y agoWhat you described is very similar to the state of affairs of internet companies in the beginning of the 2000s. It is probably a common effect in the early days of any major paradigm shift and a predictor of big changes to come.