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This did pretty much happen with railways during the industrial revolution. Huge amount of money was invested into railway build-outs and most investors lost th
by rcxdude 10mo ago
This did pretty much happen with railways during the industrial revolution. Huge amount of money was invested into railway build-outs and most investors lost their money even though the result was useful in the long run (though only a subset of what was built).
- razakel 10mo agoIt also happened with fiber during the dotcom boom. Years later, that came useful when everyone wanted YouTube in their pocket.
- tharmas 10mo agoThe bottleneck was the phone line running into individual houses. ie The "last mile" was a bottleneck. Dial-up. If you're old enough you will remember people connected to the internet via Dial-up, that is, their phone line. It was a bottleneck. It's data capacity was nowhere near what the fiber was.
- razakel 10mo agoBut that buildout brought FTTN (cell towers, DSLAMs and DOCSIS) because loads was overinstalled in places that made little economic sense at the time.