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Exactly. Unfortunately the little guys don't decide the winners and losers so they suffer as they must. You saw it in the end of the 90s with the tech bubble, a
by mempko 5y ago
Exactly. Unfortunately the little guys don't decide the winners and losers so they suffer as they must. You saw it in the end of the 90s with the tech bubble, and in the 1980s with personal computing. I doubt anyone would agree the best technology won during any of those periods. I mean, would anyone consider Windows, for example, the pinnacle of OS tech? Or even today, bitcoin and ethereum the pinnacle of blockchain tech? When a small group drives most of the investment and decision making, you end up with a lot of collateral damage. It's actually sad since there are likely really technically great blockchain systems out there that will just die in the wind, and it will have nothing to do with the system's quality.