this post was submitted on 14 Feb 2024
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I couldn't find any kind of history of tech bubbles that wasn't pro-bubble. Going backwards: "AI", VR, Blockchain/Crypto, ..., Dot Com bubble? I feel like there have to be more examples in there that I'm missing.
The dotcom bubble is a good example of a bubble that's different from VR and crypto.
Massive investments, lots of dumb projects, the underlying tech (the web) still finds widespread use and past the bubble, the dotcom projects that survived are still a massive industry
People think bubbles necessarily collapse to zero because that's what web3 did. It just means the market is inflated
Most of the times they have some value under the hype