There Is Going To Be A Lot More AOLs And MySpaces Than Amazons And Netflixs

▶️ Watch on 3Speak


We saw this movie before.

A quarter a century ago, we had a major financial bubble. The stock market went gaga over the Internet Age. Unfrotunately, the hype was less than reality and everything came crashing down.

Is this what we are dealing with in 2022?

The comparisons will be a lot more accurate if we get some Amazons and NEtflixs out of crypto in spite of losing the AOLs and MySpaces (or diminished stature).

It is something that we can expect. We discuss it in the video.


▶️ 3Speak



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Above all, I hope the Cryptosphere manages to shake out not so much the AOL and MySpace equivalents (They survived the fallout, after all), but the many projects that are basically little more than a White Paper, promises and vaporware... remember Pets (dot com) and the dog sock puppet? Do you remember WebVan? The online grocery delivery service that tried to be bigger in 1998 than grocery delivery is EVEN in a Covid society? Or Digiscents (a personal favorite) that actually tried to invent what was pretty much "scratch and sniff" gaming?

I really want to see the projects that are basically absoutely nothing out of the picture, since they are part of what leaves the greater public with their heads full of doubts and question marks.

=^..^=

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We all know that there were a lot of superficial companies who entered the market just to get in on part of the money during the last bull market. Just take a look at NFTs because I think that 99% of them have no value. So it's time to see if it's sustainable.

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these financial bubbles will always exist so the ideal is not to exaggerate and always be in touch with reality

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That is interesting. We will be on the lookout.

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