I do wonder if there will be a similar trajectory to crypto as happened to the web in the 90's. It started as this niche academic/techno subculture thing and s

I do wonder if there will be a similar trajectory to crypto as happened to the web in the 90's. It started as this niche academic/techno subculture thing and slowly grew over the next few years though still in relative obscurity. Then over only a few short years it exploded into the common consciousness but still most people did not use it nor have access to it. Some even ridiculed it (see Krugman & Letterman). As we know the hype grew each year then each month and then each week. And before we knew it there were enormous amounts of money being pumped into building ludicrous businesses without a clear plan, product or use case. This was still at a time where internet access and daily usage did not exist for most people, not even in the western world. This all came to head in the Dot Com bubble at the beginning of the new century. And ever since we have seen mostly level headed investment and buildup of capabilities on the web. While it never went away, the type of hype cycle that was seen in the 90's never materialized to the same degree. Utility and more level headed thinking took over. Rational (buisness) decisions have mostly been made ever since, rather than those more tending to give way to emotion and bro selling (selling a product/tech/idea without really understanding and coming to terms with the fundamentals and limitations of it). Now, in my perspective there is some utility in crypto. I am not sure the utility is as much as has been reported, nor do I believe the nations on this planet will allow it to go as far as some believe it might simply for the fact that our societies run on taxes. And I am absolutely for any kind of restriction on any kind of crypto that relies of PoW with its enormous energy usage (we have better things to use it for). But I do hope there will be a crash akin to the dot com bubble which will clean out the clutter a bit and leave room for the more mature and levelheaded inventors to grow out from the ashes.