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i love ai in my offline foss softwares that are still in beta (lemmy.blahaj.zone)
submitted 1 year ago by to c/programmer_humor@programming.dev
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[–] 14 points 1 year ago* (5 children)

Crypto bubble, not bitcoin bubble, don’t move the goalposts.

Did you miss out on the fad of putting block chain and nfts in everything and calling it Web 3.0? (A move that also completely missed why it was called Web 2.0 in the first place.)

When we bought our house in ‘19 we were told that in the future there would just be a block chain for the house and we wouldn’t have to sign any actual papers…

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  • [–] -2 points 1 year ago (1 child)

    Crypto bubble, not bitcoin bubble, don’t move the goalposts.

    Okay, where was the crypto bubble, then? The total market capitalization for cryptocurrencies in aggregate had a significant bump in the 2021-2022 timeframe, but it's since recovered from and far exceeded that so if that was the bubble it didn't cause any permanent harm. BTC largely follows the overall cryptocurrency market.

    As OP said, the crash of cryptocurrency has been exaggerated.

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  • [–] -4 points 1 year ago (2 children)

    Replace crypto with nft and I would agree there was a bubble. But crypto is not nfts. Crypto is short for crypto currency, such as btc and eth. I'm not moving the goalposts, you did by lumping in all of blockchain. You seem to agree that I was right.

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  • [–] 10 points 1 year ago (1 child)

    Bubbles are about capitol investment not a single product. The crypto bubble, like the dot com bubble, are so named because hype inflated the value and when they popped investors (in capitol not crypto currency) lost a lot of money and people lost jobs not because the product went away.

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