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In 1998 I wanted to buy a router ( or a modem ) to connect my computer to the internet. I was asked questions like: why internet? What for? what do you gain fro

• acdha 4y ago
  I don’t know where that was but it’s at least a decade late for the United States - by 1998, Amazon was profitable in multiple markets (that year they reported $610M in revenue) and a ton of other companies, non-profits, and government agencies were seeing plenty of traffic. Here’s a list even earlier: https://en.wikipedia.org/wiki/List_of_websites_founded_before_1995 https://en.wikipedia.org/wiki/List_of_websites_founded_befor... In 1998, I was working for a web design business which had a mix of startups and established companies (a couple of F100s and some F500s, as well as smaller local companies). None of those were “web” companies - they sold things like pet supplies or knives, offered financial services, did biomedical research, etc. but what they all had in common was that they benefited from being on the web because their customers were moving there and they could offer them a better experience and/or lower costs this way. That still hasn’t happened for cryptocurrencies despite a much larger potential customer base, lower barriers to entry, and twice as much time. If Bitcoin abruptly halted today, almost no businesses outside of the field would even notice and the few who did would mostly be removing the least used payment option on their site. That’s the difference: there’s been just as much marketing, the same level of squandering VC money on Super Bowl ads and stadium naming rights, etc. but there doesn’t seem to be anything more than that sizzle this time.