Remember the madness of '99 and 2000? Dot-com darlings commanded billion-dollar valuations despite bleeding cash on every transaction. The formula was simple: traffic metrics and brand recognition trumped profitability.
Traders were walking away from steady paychecks to flip stocks full-time—qualification? A .com suffix was enough. Meanwhile, founders torched their war chests on Super Bowl ads and office ping-pong tables, convinced growth would justify the burn rate. Sound familiar?
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GasFeeLover
· 12-10 15:04
It's the same old trick... Isn't the crypto world still playing along?
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LiquidityNinja
· 12-10 15:01
Haha, here we go again. This time it's the crypto version of the dot-com bubble, just under a different name called Web3.
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PumpingCroissant
· 12-10 14:43
Haha, those days were really crazy. Isn't Web3 the same way now?
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MEVHunterX
· 12-10 14:41
History loves to repeat itself. Aren't some L2s and Meme coins following the same pattern now? Traffic > fundamentals, always the eternal truth.
Remember the madness of '99 and 2000? Dot-com darlings commanded billion-dollar valuations despite bleeding cash on every transaction. The formula was simple: traffic metrics and brand recognition trumped profitability.
Traders were walking away from steady paychecks to flip stocks full-time—qualification? A .com suffix was enough. Meanwhile, founders torched their war chests on Super Bowl ads and office ping-pong tables, convinced growth would justify the burn rate. Sound familiar?