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Reading that twitter thread, and HN discussion here, I am again reminded how the whole startup scene looked before dotcom crash: insane valuations, lots of scammers, and what little utility there is, it's mostly for illegal means. (If you're saying that there's no real utility in Bitcoin, you really should google Hydra).

But don't you wish you bought Amazon stock right after IPO?

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Good point. But for every Amazon back then there were hundreds of Pets.com.

Don't forget the corollary: when do you wish you sold the Amazon stock you purchased at IPO?

wasnt it obvious to some people back then who the real companies were, and all it took was everyone else catching up to speed to understand who the real companies were?

its very similar.

now, as was then, people are investing in tech they don't understand and in some cases tech that may not even be buildable. :x

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