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Speaking of Google (as one example), it went from research project to impacting daily lives (including mine as a teenager in flyover country) within two years f
by kkielhofner 4y ago
Speaking of Google (as one example), it went from research project to impacting daily lives (including mine as a teenager in flyover country) within two years for a couple of million dollars (max - inflation adjusted). The crypto ecosystem has had tens of billions of dollars invested in it (not to mention countless token scams, etc) over the past decade and other than people with gambling accounts on exchanges (which are internal order books and don’t touch a blockchain) there is no meaningful usage.
No one with any kind of intellectual and rational honesty can compare the development of the crypto ecosystem to the internet, web, etc.
Tens of billions of dollars and a decade later there still isn’t a single crypto Google.
- jboy55 4y agoLooking at the dot-com era, it probably would be more likely to compare crypto to the sudden rise and collapse of the 'dark fiber' companies. https://25iq.com/2017/11/11/the-1990s-telecom-bubble-what-can-we-learn/ https://25iq.com/2017/11/11/the-1990s-telecom-bubble-what-ca... "Om Malik wrote a book on this period in which he estimated that $750 billion vanished when the telecom bubble burst. That’s a reasonable estimate in my view. The most interesting questions about a phenomenon like this are always: Why did it happen? What can we learn?"