The internet is the best thing that has happened to mankind, I simply don't know any other way I can talk about. One would include computer is the best and agree but it clearly wasn't mentioned by me because how do enjoy your computer devices without an internet connection. There exist the physical world and the online world where the physical controls the online surround.

Just be certain that anything worthwhile takes time and there's a genuity in its creation.

Source

Dotcom Bubble: Changed The Picture Entirely

The dotcom bubble is significant to the effect of internet on the world. There was intense investment in internet-based companies because of the freedom the internet offers. Companies that sailed through the bubble burst include Amazon, Goggle, eBay and others. These companies were just starting up but were about to use a technology that has never been seen. There was an overwhelming belief in the success of the internet so internet based company sticks were bought. Even those that had no product or plan but just had . com, you're good to go because funding wouldn't be an issue.

Because of the limitless possibilities that the internet presented, any startup company that was associated with Dotcom had no problem getting investors, the internet business was indisputable. From 1995 to 2000 was an exciting time for companies to startup and the interest rates were low. Everyone was betting on the dotcom(.com) companies because nothing like being present in Nigeria for instance and be able to be present in other part of the world dealing. I guess it was so interesting to see the possibility of making more than enough in years to come.

The dotcom bubble could be called the bull market, stock prices of internet companies were increasing rapidly and non-stop from 1998-2000, till the bubble burst March 2000, the beginning of a new millennium.

Tge NASDAQ Composite Index, rose from $751.49 to $5,132.52 from January 1995 to March 2000. The NASDAQ fell by 75% from March 2000 to October 2002

The Bubble Burst

I think I just had a clarity to an axiom that I use and we know about, "I'd burst your bubble." As companies that started late 1990's got investors investors easily, there's was too much money invested in internet stocks that the only action is to liquidate funds as funds stopped coming in. The market saw a rapid crash that lasted from March 2000 to October 2022. Nasdaq Composite Index lost 75% of it's money.

Companies like Amazon burnt but survive because it had a good business plan, we can only see what the result tells after 27 years, the internet with an online library switched it up.

Digital Money Takes It To Another Level With Cryptocurrency

Spoken enough about the internet, I started writing this yesterday but couldn't recall DeFi and that's why I'm putting this up now.

We watching El Salvador have the experience and President Nayib Bukele treat the situation like how internet based companies that survived the bubble burst.

Decentralization creates the shift in dynamics

It's simply put: not your keys, not your account (money).

That's is all about the new era that cryptocurrency created with blockchain technology. I'm not a geek so I'd not use the terminologies that would help drive my point but you have to realise web3 is aligning itself as privacy and freewill isn't impaired.

For websites that embrace themselves linked with cryptocurrency like hive blockchain, simply just writing as you see fit creates the experience as we have it now.

Hive provides privacy as a user like myself becomes creative and I'm sure secured although I have to hold my keys keeping safe to enter and stay locked and cozy.

The treat is security, security is the basis at which assurance can be guaranteed.

2022 began with exploits that raged DeFi space, recall having frights crawling up my skin that my post were about exploits. Theses exploits crushed many chains, I mean financially with the biggest Wormhole hack and Ronin Network exploit almost a billion dollar - $326 million and $615 million.

Now these exploits affects the chain and investors, we see bounties being paid to whitehat hackers to help recover whatever can be.

Security is all that matters, keep to mind to check your wallet and it's gone not because you sent to a wrong address or some sort. It just happens that there was an external breach.

Money Mind

That's all, let's get the money only that is not visible. As simple as that the concept has been incorporated with money.

As we see happening, critics being loud, sanctions to prevent adoption, tax included, just impendments.

The dotcom bubble burst caused a $5 trillion stock market loss. Looking at the number, the current bear market has lost over $2.1 billion and this is the new money era.

Love what we're doing high still building and making some better one day at a time.

Privacy but yet security remains the sure thing.

Thanks for visiting my blog, till next time.

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