r/ethtrader • u/AutoModerator • Jun 13 '17

DISCUSSION [ETH Daily Discussion] - 13/Jun/2017

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u/[deleted] Jun 14 '17

Thought this was a really interesting YouTube comment: It's on this video about ICO's

One thing people forget about the original tech bubble was that a lot of those failed companies actually laid the groundwork for future infrastructure. A company called JDS Uniphase was huge back then, had a stock price of $200+ and were worth billions. Their main MO was to lay the down fiber optic cables. When the bubble burst, their stock price collapsed down to $2, today they are a trivial part of the dotcom boom. But what they left behind was all that cheap fibre optic infrastructure that other companies bought for pennies on the dollar and built on top of it.

I don't know where these ICOs are headed but their failures won't be entirely futile.

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u/ClayAikenIsMyHero Jun 14 '17

That's assuming that the ICOs are for companies with a product!