Better Offline The Rot-Com Bubble
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Jun 5, 2024 Tech's hyper-growth era is ending, leading to the overselling of products like the metaverse, cryptocurrency, and generative AI. The podcast explores the 'rot economy,' declining innovation in tech, AI integration in laptops, internet growth trends, and challenges facing the tech industry. The surge of innovation from 2005-2018, critiques on Mark Zuckerberg's metaverse plans, and reflections on South Dakota are also discussed.
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Rot Economy
- The tech industry's obsession with growth has led to a decline in innovation.
- Companies prioritize market dominance over solving real user needs.
Post-2019 Tech
- The tech industry's sizzle faded after 2019, becoming iterative instead of innovative.
- Despite record profits, companies began selling unrealistic products.
Failed Promises
- NFTs and cryptocurrency were touted as revolutionary but failed to deliver meaningful improvements.
- These products didn't solve real problems but were pushed for market growth.