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Best I could find.[1] I think he had valid concerns that still plague us today. He was a little too far on the doom and gloom side. >Metcalfe offered several r
by wil421 4y ago
Best I could find.[1] I think he had valid concerns that still plague us today. He was a little too far on the doom and gloom side.
>Metcalfe offered several reasons for the collapse. For example, he believed that the internet’s crucial data links would be overloaded, and the “naïve flat-rate business model is incapable of financing the new capacity it would need to serve continued growth”. He contended that investor’s would be unwilling to “absorb projected continuing losses”. He thought that “another series of major security breaches will drive the rest of the productive Internet to safety and out of reach.” Yet, he was incorrect, and internet continued to grow exponentially in 1996.
[1]https://quoteinvestigator.com/2020/03/09/collapse/?amp=1 https://quoteinvestigator.com/2020/03/09/collapse/?amp=1
- badcppdev 4y agoSo perhaps the investors who lost everything in the .com boom and bust absorbed the cost of upgrading the data links even though they did it unintentionally? I've never looked at a breakdown of the .com market around that time with any sort of estimate about how much investor "wealth" was lost during the bust phase.