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It may be non-obvious, but bubble doesn't mean that there isn't potential or that there isn't value - which is basically what the point of this post is. It's t
by pedalpete 2y ago
It may be non-obvious, but bubble doesn't mean that there isn't potential or that there isn't value - which is basically what the point of this post is.
It's that the amount of investment outpaces the current value of return.
Think about the internet. Everyone rushed in and billions was spent. But we never stopped getting utility from the internet. In fact utility likely increased during the bust, which is why there was a 2nd boom in 2003, which may have continued had the GFC not occurred.
- card_zero 2y agoOr tulips, even after the tulip mania of the 1630s tulips are still worth something. Perhaps that's not a fair comparison, though, since they're very pretty flowers and AI is only AI.
- pedalpete 2y agoI know (or think) you're being facetious, but the tulip market never reclaimed it's former heights. Not yet at least...after NFTs, maybe that's next!
- hackable_sand 2y ago3.0lip