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HN is not immune to hyperbole and hype. (And now it's pretty trendy to hate on startups.) While he truth is ... a lot more complicated. AR/VR was hardly a pump
by pas 2y ago
HN is not immune to hyperbole and hype. (And now it's pretty trendy to hate on startups.) While he truth is ... a lot more complicated.
AR/VR was hardly a pump and dump. There are massive technical and creative challenges for both, but ... I fail to see how it was a pump and dump. (Unless you mean Faceberg and Moogle spending ridiculous amounts on it, probably because Neuromancer was pretty damn influential.)
Similarly self-driving cars clearly have value (~1.3M people die each year on the roads absolutely unnecessarily, as most of them could have been prevented ... 1.3M people die of TBC, which is again preventable)
If you think EV is a bubble I would like to offer you this nice prospectus of leisure activities on Venus. (Uh, one hyperbole, thanks HN!) That said EV seems the same kind of bubble as housing. The prices are high because of the demand. Battery prices (the biggest cost currently in EVs) keep going down. Demand is going up. Heatwaves are pretty good marketing "for" global warming.