business models take time to materialize
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Throw $1t at it and figure out how to profit later. That is some fiat AF thinking.
The internet was a real thing with real potential and value. Over-investment in the good ideas and malinvestment in the "they said internet we're sure to get rich" bad ideas still caused the dotcom bubble in an otherwise valid market.
If you can't see how it can be both a bubble and a valid useful long term market you haven't fully grasped how fiat easy money breaks markets yet.