[O__________O]

Do you actually have specific notable (and comparable) examples of technology based industries that reached relatively the order of magnitude crypto has that were rapidly killed off?

Otherwise, as is, your response to me is without merit.

[DannyBee]

Someone gave you one. Here's another: Software patents were judicially created in the US by a single fed circuit opinion. The field wildly expanded to many many many billions of dollars until a single supreme court opinion.

While still kind of alive (mostly legacy lawsuits), the vast majority of the value was rapidly killed off post supreme court decisions (and AIA)

This kind of thing happens all the time - in software, in pharma, in ...

As I said, value helps in some sense, but just because there is a lot of money in a thing simply does not mean it will remain.

FWIW - your comment very much comes off as the typical "crypto folks ignore roughly all history" stereotype that it gets painted with -

[O__________O]

Billions, even 10s of billions, is not comparable to trillions.

None examples so far have provided independently source of valuing industries claimed, nor to my knowledge have any of the industries cited have as many direct customers.

Feel free to provide specific (and comparable) examples.

To be clear, just trying to be objective. For example, NFTs alone for living artist easily surpassed the billion made in non-NFT sales for living artist; sure NFTs were 30-40% behind in total volume, but that’s largely for dead artists.

Further, you keep bring up legal changes, but I am not aware of any pending legal matters that might have a substantial impact on the use of the technology itself; further, crypto is global and clearly adapted to legal changes including all out bans in China.

[DannyBee]

Hahaha. So you are combining all of the different types of markets/etc in your case, but not in the case of comparison? And then just discounting them anyway with no reason why. Saying "it's not comparable to trillions" is both wrong and useless - it is not a reason, it's an assertion, and one not backed up.

I'm not going to continue this, because you are definitely one of these folks who seem to believe crypto is unique in value and capability, that somehow make it not capable of failing (but can't explain why other than "when you add up all the theoretical money involved in tons of distinct markets and uses that somehow relate to crypto it's a lot"). This is IMHO distinct failure of objectivity and imagination.

The entire stock market failed enough in a single day to wipe entire economic segments out and then continued to die - 2 day loss = 25%, 3 year loss = 89%. Eighty nine percent.

It's so amazingly naive to believe that in the thousands of years of human history that nothing like crypto has happened, that large scale markets on the same order of magnitude of crypto markets have not failed, etc, that i don't even know where to begin. Then going further and just asserting anyone who starts to provide you examples is wrong/incomparable without even a single sentence that backs up why, makes this a pointless conversation.

You don't want to understand, you want to win.

Have a good one.

[O__________O]

Neither fan or hater of crypto space based technology; said as much prior, but appears you’re not reading my replies.

Further, you clearly did read the OP comment, which said the “whole crypto space” — so no, I don’t believe me responding to that as the scope is off-topic, changing the scope, etc.; I didn’t even include cryptography, which is obviously part of the space, worth $10 of trillion and used 7.26 Billion or making up 91.54% of the world's population; every phone uses cryptography.

Next, lol, money is obviously real, claim it’s not is funny at best, not even worth responding too; obviously not worth the 10s of trillions the public equity market is worth, but again, no example you’ve supplied came close to even 10 billion; reminder that trillion divided by billion is 1000, even at 100 billion, that still 10x larger; even at 10 billion, that would be like comparing industry making $1 a year to one that makes $100.

No idea what the whole 89% of the stock market point means; either literally, or as it relates to the topic.

Cheers.

[giaour]

There were billions of dollars funding work on paid network traffic prioritization in the 90s and early 2000s. Then the whole field was banned in 2005, and it evaporated. The ban was lifted in 2008, then reapplied, then lifted again in 2014, then reapplied in 2015, then lifted again. Vast amounts of money flowed into and out of the sector at each reversal.

[rsynnott]

Don't see what technology has to do with it. All sorts of weird financial instruments are created, grow enormous, and then either are banned, or scare people enough that everyone stops using them.

[O__________O]

From OP comment, “ Do you think this cycle the whole crypto space goes down the drain never to be heard of again?”

Obviously the tech is part of the “whole space” and not a fade; didn’t even bring up encryption, which is the fundamental core of crypto. Sure encryption might be ban, but if you think governments will apply that to themselves, that’s obviously not a common or reasonable position.