having lived through a tech boom you know when it’s over

Significant layoffs are announced by Amazon and Facebook and Elon Musk fired half of Twitter just because he’s Elon Musk. Chaos is often a choice but even Trump has worn out a bit of stubbornly loyal base.

More importantly, Bitcoin is on its way down. How do we know? Because all the big whales have invested, including a country – and now that FTX blew up, like Covid, the exposure presents weak links and oh so many scams. Altering present and future perceptions in the crypto universe. I was a fan of bitcoin early on but it doesn’t function well beyond an investment. And once those whales began manipulating the price the fun fell out of the hope and hype. Such are the cycles of our modern lives.

You have to believe or fake it til you make it but even Wall Street insists it no longer believes. They operate in a herd mentality so what its worth, the tech boom is over. Of course innovation doesn’t stop and I wouldn’t discount Zuckerberg’s Meta universe. More and more people are escaping into their own spaces so this could be a natural progression. Even I find the show Peripheral fascinating and worthy of some thought; alas, streaming is showing it’s financial cracks as well.

Winter is coming and normally, this would dictate a dormant time. But these are abnormal times, so we shall see. But an era has ended, another boom has gone slightly bust. Allowing us to sigh and say plus ça change….the game appears rigged to more and more of the masses. Change is the constant and so is our imagination; which is more critical than ever…

Published by baileyalexander

An American living in Piemonte. Sailed across the Atlantic aboard our 43 Nauticat in 2002 and spent over a decade living in Rome, Paris, Prague, Malta, Venice and Bucharest before settling in Piemonte, Italia.

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