The ponzis are being built by people on top of slowly evolving layers of useful technology. Of course the actual building isn't tied to the hype cycles, but fro

The ponzis are being built by people on top of slowly evolving layers of useful technology. Of course the actual building isn't tied to the hype cycles, but from the perspective of most people it's just ponzis swelling and bursting. There is real innovation happening though, fuelling the FOMO every time another bubble forms.