What you're talking about is infrastructure. How does infrastructure get built if people aren't actively building it? Yeah, these things take time, but people have to actually build out these ideas first before others in the future can build on top of them. Amazon sold books online because it's all the internet infrastructure could handle at the time. That's why MakerDAO made DAI because it's a low throughput d-application that doesn't require scaling through upgrades in infrastructure. Give it time. This space isn't a scam, it's just very early, and people are enthusiastic, as they should be.
No I am not. A common story of wildly successful businesses is they stumbled upon a market and the makers themselves never thought it was something that has any chance of being big. Then they are surprised when people are begging them to take their money for their half-baked product.
From all the billions that went into the space. A truly demand driven business has still not appeared. That is a pretty damning result.
Crypto space is being kept alive purely from leftover money invested during the mass hysteria of those 6 months or so and sunk cost fallacy.
I disagree with you. There were plenty of ideas during the 1990s that were technically infeasible until further infrastructure upgrades allowed them to exist. Video streaming immediately comes to mind. It was unfathomable to have a video streaming service like Netflix exist in the 1990s. People would have ridiculed you, just as people ridicule some crypto ideas today. A modern example is video game streaming. Even 5 years ago, it was unfathomable that video game streaming high quality games was possible, and yet we are starting to see these services today.
