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The main use case for crypto is creating ponzi schemes, skirting security laws, and other types of scams. The dotcom boom was not like this. People keep compar
by senttoschool 4y ago
The main use case for crypto is creating ponzi schemes, skirting security laws, and other types of scams. The dotcom boom was not like this.
People keep comparing the dotcom boom with crypto as if they're similar. They're not. One had extremely clear use cases and already contributed to society through easier to access information and faster communication. Crypto does not have.
- lytefm 4y ago> The main use case for crypto is creating ponzi schemes, skirting security laws, and other types of scams. The dotcom boom was not like this. I'd say the dotcom boom was quite a bit like it: - Completely overvalued companies without any real utility scamming investors claiming to revolutize X by doing it "on the internet". - Evading regulation and breaking local laws, playing cat and mouse with law enforcement (e.g. Napster, Megaupload). But yeah, unlike with crypto there were also more reasonable use cases.