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> I compare it to the dot com bubble. I don't see the similarity. Yes, the stocks were overpriced, and people who didn't understand venture capital were effec
by kbob 5y ago
> I compare it to the dot com bubble.
I don't see the similarity. Yes, the stocks were overpriced, and people who didn't understand venture capital were effectively providing venture capital. But the dot com era produced some major corporations: Google, Amazon, eBay, Netflix, and many more. Those companies have real economic value because they create products that people want to pay for.
Web3 hasn't produced anything comparable. The space is now polluted enough that I doubt it will.
- jillesvangurp 5y ago> Web3 hasn't produced anything comparable Yet; each of those companies burned through quite a bit of investment before they became profitable. You need to look at this space in ten years again. Web3 is just a marketing term that some people came up with in the last year or so. It takes longer than that for companies to become successful. And BTW., that's your connection to the dot com bubble right there. That was web 1.0. This is web3. The tech is different. The investment behavior is the same level of idiocy.