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by Kiro
3102 days ago
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> If you were an adult during the first one That was uncalled for. I was very much an adult during the first one. You are talking about the internet revolution in general and a comparison to blockchains could possibly be relevant but not in this discussion. You didn't trade the internet in the Dot-com bubble, you traded stocks. Bitcoin is different because that's the actual instrument being traded. |
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My grandfather, who sold cars for a living, called me up out of the blue to ask me what he should invest in after Netscape went public. I was 24 and we’d never talked about the stock market in my life. I had no business experience (I was about to get a lot, it turns out, but had none then) and while I was doing a ton of Internet-related work, it wasn’t making anyone money. Yet suddenly I was an Oracle to a man in his 60’s who really should have been putting his money into the bond market if anything. Instead he invested it in Spyglass, on my half-hearted “well this is a company like Netscape I guess”, and then proceeded to tell me all about how it was doing for the next 5 years. If he were still alive today, I could imagine the same thing happening with respect to Bitcoin (except this time I would tell him I have no idea, and to put his money into something that generates cash).