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The Problem with Tech Industry Hype Cycles
The crypto collapse wiped out two trillion dollars in value in 2022, affecting normal people who had invested in the hype cycle/nThe tech industry is structured around having a completely transformative technology roll out every two years, but they have started running out of low hanging fruit to innovate/nCompanies resort to hyping up new technologies even if they might be snake oil, to maintain interest and investment/nHype cycles are created by huge corporations and investors who have a financial stake in persuading people to buy into the hype