Earlier quoted context omitted.
> It captured attentions of both corporations and government who are pouring billions into it. All of this in the span of one year or less. Corporations and governments have thrown tons of money into technologies that ended up going nowhere. We're only a few years out from everyone dumping their money into "blockchain solutions", which turned out to go nowhere. Investors and government stakeholders are easily swayed…
When only a few of them followed the hype, yes, it can possibly go nowhere. But when the entire industry, experts and non-experts included, are fascinated and obsessed with the same thing, it is more likely to be something real. An easy example is the first iPhone. Another more negative example is bitcoin which even though it is probably a scam, its values and influence on society has massively grown more than what i…
This is a perfect description of cryptocoins and similar technologies. I've witnessed literally illiterate people buying coins and selling the idea to others.