New technology often goes through a phase of wild speculation, touting by liars, and impractical business models that people throw money because they are afraid

New technology often goes through a phase of wild speculation, touting by liars, and impractical business models that people throw money because they are afraid of missing out. The bubble eventually pops. But people keep improving the tech and it becomes practical and eats the world. First there was Railroad Mania https://en.wikipedia.org/wiki/Railway_Mania https://en.wikipedia.org/wiki/Railway_Mania After the initial bubble, rail roads changed the world First there was the dot-com bubble, and then internet changed the world. Both sides can be right in this debate. Crypto can be a bubble and a scam and it can also change the world.