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RE: Cryptocurrency: The Lesson From The DotCom Era

But at the same time anyone who employs any kind of financial responsibility here could never get wrecked like they would have in Dot Com.

They didnt exhibit any responsibility in the DotCom and many got wrecked in the ICO by buying a great deal of stuff that went to zero.

So do not underestimate the ability for people to do extremely stupid things.

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I mean I already saw this happen today.

Invested everything into XYZ
Lost it all in a rugpull

But something like crypto is totally different.
Imagine if back in the Dot Com era one could have just invested in the first Dot Com business for the automatic win.
Oh look the second Dot Com business is an auto win as well!

Dot Com companies were totally random, disconnected, and competitive.
Crypto is the opposite.