The Dot Com Bubble : What Actually Happened?
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- čas přidán 14. 11. 2023
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I'll buy 20
Organised bastard.
For real though, I like this brand
If only it was available in the UK (you know, where Count Dankula lives)..
Yo Dank! Got a mini indoor fireplace with Bespoke! Thanks for the hook!!
My cousin had a job in the boom, he basically played pool at work all day. I remember he knew it was only a matter of time till the rug got yanked and loved every minute of it.
smart man :D
A friend worked for a group that came up with a system that was quite advanced for the time. Unfortunately too advanced, almost no one could afford a computer to run it.
No one bothered to mention that last part to investors and they had truckloads of cash being dumped on them so they could develop an even bigger, faster, and better version. That fewer still (meaning the technology hadn't been invented yet) computers could use it.
It was fun and profitable up until people started asking silly questions about sales.
Hey I’m sure he found lots of success doing rug pools in crypto a few years later, the skills needed transferred well.
@@christopherconard2831What did it do?
The same thing happens today with women and browns and it will be retroactively called the DEI Bubble
TLDR: Websites became NFTs for a few years and everyone got fucked
Pretty much.
Basically yeah. And funny part is the past couple years we've seen the end of another bubble because investors are midwits who never learn from history.
Truth in this statement. Investors are off their shit.
@@rwberger6while Wall Street is romanticized, it’s mostly C- students who figured out the basics of the stock market because it isn’t hard
I bought a house trading hype off nfts people make money in these thing too it’s not like everyone involved was ignorant
2000: "Invest in me because DOTCOM!"
2020: "Invest in me because ESG!"
I love sequels.
You forgot, everyone can buy a home. Invest in me
Invest in me I'm BTC
2023: "Invest in AI." I say that as an AI optimist, I can see the amazing way AI can and will earn money, but what I'm seeing right now when it comes to investment reminds me waaaaay too much of what I saw of the Dot Com Bubble when I was a kid.
For investors I'd say wait 2-5 years, look over what has succeeded and earned money, then invest based on that information. Sure, you might miss out on getting in on the ground floor of the next Microsoft, Amazon, Google, etc and making huge stonks for pennies, but you will also miss out on the next complete flop.
Edit: Now, implementing AI in an already existing and profitable company is a completely different thing. That's worthwhile now. Assuming you have a usecase for it, of course.
@@DefaultFlame We're now going so fast that there's a bubble every year.
And the biggest bubble of all, the US debt to pop in 2029
I don't think it'll last until there, just buy gold and weapons, and water
My dad was working in tech at this time. He worked non-stop for 6months+ I never saw him.
When the bubble happened my dad’s company would rent out hotel conference rooms every month. When you’d show up you’d be directed into one of two rooms. One you were safe, the other you were laid off. It was a horrible time.
I started working in an ISP in 2000 or 2001.
You could see lessons had been learnt. It was taken seriously.
Although numpties relying on a single cheap dial up account up be high stakes day traders were common.
Working for a high frequency trading firm now makes me wonder WTF they were smoking up not pay someone else ANOTHER 5 dollars a month.
Even a few years (2016 to 2018) ago, I was working in major companies as a contractor and just got used to the sight of people being let go while I survived.
>When you’d show up you’d be directed into one of two rooms. One you were safe, the other you were laid off.
Where did he work, Auschwitz?
Yeah we didnt have it that bad.....but when we came into work and saw the cafe on the ground floor had paper covering the glass wall we knew it was redundancy day again. (That was where they took you to tell you and they wanted to hide the tears and stop anyone deleting files as revenge)
@@Neonmonkey42 😂😂😂😂😂😂😂😂
@@Neonmonkey42Oddly enough, this kind of randomness is occasionally used by companies for layoffs... keeps people from finding an unintended pattern and suing.
Nobody thinks they're in a bubble until it pops right out from under them
Everyone out here wants to be a rapper til they’re broke 😂
Isn't that diarrhea?
I think a lot of people in the altcoin game understood it.
How can you be inside a bubble and how can it pop right out from under you if you're inside the bubble? Just busting balls lol...I know what you're saying and I agree...hindsight is 20/20. Won't know it's a bubble until it's popped
Usually the Buble is inside them when it pops. Or they are inside the bubble like with the titanic submarine.
Strangely, I think most people in England learn about inflation by first learning that Freddos were once 10p.
I’m 18 and I can remember when they were 10 pence. The memory’s of going to the corner shop, after primary school, to get sweets and picking up a fredo with a silver 10p coin are still clear as day. The old pound and paper money is hard for me to be convinced wasn’t a dream. I see it crop up in old shows and think that’s actually what I used to get in my birthday cards but the switch to the plastic money just happened in a flash. Simpler times back then and I’m only talking anywhere between 9-10 years ago 😂
Bruh its not ancient history was like 10 years ago XD
@@fedyno4reviews I really miss that time
American here. How much are they now?
@@FUBAR558in some places they’re 65-70p
Worked for a guy doing flooring who got destroyed in the early 2000's because of this. He was messed up looking and talked funny because after losing something like 4 million dollars he put a 9mm in his mouth. Dude didn't shoot himself in the head but did manage to blow off the left side of his face. After years of recovery he restarted his life and put together a small carpentry business. Life can be crazy.
▪️
crazy ?
🟥
Ugh, I got really upset reading this comment and then relieved that he got his life back together.
Bloody hell! That must have been a horrendous experience 😳 glad to hear he got his life back on track
Was his name don? I knew a guy that did the same thing, just never got into why he did it.
Did he put the gun in his mouth or was it Tyler Durden?
I too remember the Y2K bug. I was a kid at the time, but my family went all in with the panic and I spent that night sitting in an old hunting cabin with my family surrounded by a stock piles of guns and canned food.
now I wanna do that
(preferably without the doomsday prophecy)
@@FourOf92000 Well I never said we stopped doing that. :P
Was the toilet paper war worse than Covid?
we knew it had a non zero chance of happening, but could technically happen.i remember oreos and things being normal the days aftter.
Better to have a gun and not have to use it than not have a gun and not have to use it. Right?
I flipped the main breaker at a house party I was at when the countdown hit zero on new years eve.
I can still hear the screams lol
Evil.
I like you.
"A shit ton of companies realized: Holu shit, we aren't actually making any money! We aren't making any money, we were held up entirely by investors!"
Come 2023 and absolutely nothing at all had been learned from this.
Y2K wasn't a nothingburger, it was just handled well. So well that we now perceive it as a nullburger.
People really forget that part though.
Don't worry, not long now until Y2K38...
Exactly. People forget that it would of happened had it not been for experts fixing it before shit hit the fan
@@bradcavanagh3092 what happens in 2038? I know about 2029 but not 2038
@@kennydoggins1712 Most systems use the Unix time convention, which is the number of seconds elapsed since 12AM 1 Jan 1970.
Sometime in 2038, the number of seconds exceeds the capacity of a 32-bit unsigned integer (4,294,967,296) and so wraps back to 0.
It's been fixed for many years, but I bet there are countless systems out there where it hasn't.
"If a machine is built that can do the work of 20 men, 20 men just lost their jobs"
I would add, every time that machine rolls off the line.
Still have to have the men who fix the machine
@johnv6806 yeah but not many. And for how long. A machine will replace him too.
I wouldn't mind machines taking over human jobs if, you know, we were at the step as a society we didn't need to work anymore for survival. But alas, the powers that be are not just happy expoliting you, but also taking away your ability to adapt.
@@publiusventidiusbassus1232 that sounds like some commie socialism talk there son
19 men. One is smart enough to learn how it works. Be the one who survives.
Back in 2019, I saw the exact model of computer that I first used as a child with my dad behind glass in an exhibit in the Museum of American History in D.C. I don't know what made me feel older, that or this video. Holy shit.
why was youir dad behind the glass as well?
Bruh, we need to initiate a rescue op to get your dad back.
What model of computer was it?
🤣
My first computer was a Commodore Amiga 500, back in 1985. My dad was a big computer nerd...even back then. And I still own it and it is functional. Some real bad ass games for it. Shitty controller.
90's tech aesthetic needs to make a serious comeback.
I mean... It is, look at indie games making constant references to 90s anime pixelart AND baldi basics... Etc
It was so bland and Microsoft at the time though
yes
Ah, being a programmer in the late 90s was so beautiful. Long-haired script kitties skateboarding through the halls. People with pets at their desk or roaming around. Free cookies and dancing girls in every work contract. Pinball machines, arcade cabinets, ping-pong tables. Ahhh... I miss it all dearly.
Constant study, retraining, upskilling as code was constantly getting deprecated
It’s still the same where I work. Maybe it’s just me?
Yah because they want you to be there 24/7 instead of going home and having your own life.
@@migmigjohnson9351- no it was like that even up to recently. My guess is all the amenities are going to dry up soon because of the economy and reduced venture capital funding due to higher interest rates.
sounds like a blast. also glad i was the 69th like on this comment.
My brother-in-law had gotten about 100 million Swedish kronor worth of stocks in the Dot com industry as bonuses from his job as a tax attourney. Dad suggested they sell some of it because "You never know if it will all come crashing down" but my sister and BIL just laughed in his face, as you do when your dad is a car mechanic but you two graduated from the most prestigious business school in Sweden an therefore know better. "The value of those stocks will just grow and grow!". Oh well... One of their friends became a billionaire (again, in Swedish kronor but still) but lost most of his money in the crash. He had to sell his Porsche to get some cash but decided to take it for one last ride. One last fast ride. Yes, you are guessing correctly, at the end of that day he had no Porsche to sell.
I'm gonna assume he had a fine date planned with a tall, brown, green haired woman on the side of a twisty road?
@@ronly_driverI think he unlived himself
@@czechpatriot2230 that's usually what happens when you race trees 🤷♂️
You made me laugh with the Fredo economy. I was born in Russia. We had the "Borshh index" (Borshh is a popular soup back there) being used in the same way to judge and compare how different parts of soviet union evolve.
I lived through the Dot Com Bubble. It was crazy that everyone was getting funded for internet businesses without have any actual products.
The exact same thing is happening now with ai 😂
@@jbo8540AI is still mostly useless. People with no talent think AI will give them the ability to do things talented people can do, but it won't because those people have no talent. So far, the best thing it has done is make fake Pixar movie posters.
@@jbo8540from what I've seen, not really.
Considering how big a game changer the LLMs are, we're being pretty restrained about how we go into it.
People who think it's magic can try it for themselves and see that it's not.
However, people who are willing to put the time and effort into using and understating it (at least its behaviour) are finding it incredibly useful.
As an example, you learn to be very specific in what you ask. It's almost just the next abstraction of a programming language.
Even in my area, I'm a Linux engineer and developer. Most of my coworkers still barely take an interest in it or still barely view it as more than a browser extension.
I think I changed that yesterday when I converted his python script into ruby in about five minutes and had it working on the first run.
This was an easy task for it, though, because a well written script is about as specific as you can get.
And then there's copilot.
I love copilot. It would be useless if I didn't know how to program, but because I do and can understand its output, I can do in minutes what took me a day.
Most of my attention is focused on design now, rather than nuts and bolts.
The new custom GPT models are impressive as well.
My wife is studying data science.
It took me about two hours to get all her study notes into one place, give the GPT instructions on how to behave (including what the course was and from what material and that it should confine what it discusses exclusively to that) and generate a tutor to help with her exam prep.
Most of the time was spent getting everything into one PDF because there was a bug that killed it when you gave it more than nine documents.
And it worked about as well as I could have hoped.
Next semester I'll start feeding it all her course material as she gets it each week and have it be an ongoing thing.
It can also be told to remember other conversations to improve its responses now.
Tesla has never turned a profit. Look at how many tech companies are profitable it's close to 0. Nearly, every bank in America is also bankrupt.
I can't wait to watch Dank's 2030 "everything bubble" video.
Sadly that won´t be possible, since we will own nothing and be happy about it lmao
Yes, Dank will be arrested for unauthorised fact-telling in the video of the ‘Immigration and Welfare Bubble’
You’ll have to get a carrier pigeon to bring it to you on cassette tape after the grid collapse
Are you betting on a 2030's collapse? Well, how optimistic, I am betting on a 2024 collapse
As someone that worked in the Silicon Valley at that time a survived the number of layoffs at the time, folks always ask me what it was like. It was a great time of free lunches, game rooms and excess. There were two types of folks at the time, those that worked to the bone at all hours of the night and those that road the wave, had no business being in tech and partied. Think the TV show Silicon Valley but with more drugs and alcohol. Lol.
My managers where all from the restaurant business) friends giving friends jobs) Not that it made them bad managers but at times they were in over their heads. It was an amazing time and a great thing to experience. It crazy how much the industry has changed from then till now.
So basically like twitter before musk and so many other places now with all their extra hires for "inclusion"
... how, *_much_* has changed? I, uh, you realize you're describing what's basically currently happening right? Basically right after the twitter aquisition when Musk told half the company to go fuck itself every major FAANG company realized "oh, yeah, uh, what *_exactly_* is it we're paying you to do again?". I mean christ have you seen some of those videos of 'programmers' touring their jobs? I think one specifically from a twitter employee blew up around 2020ish and she spent like an hour or two a day actually working.
Programming is just esoteric enough as a skill that most people don't understand it really at all, so of the people that do one group barely understands it, but everyone thinks they're geniuses since they don't actually have any frame of reference, and the other group *_actually_* knows what the hell they're talking about but you probably couldn't afford them in the first place.
@@robonator2945 it is a lot more different in terms of vibes, work ethic and diversity (socio-economic). I think the last job I applied for in the silicon valley they wouldn't even sniff my resume unless you had a college degree from a more elite scho when in the past it was experience, who you knew or luck to get into a company. You could work your way out of an entry level job to a more advanced position just by being the company and learning. Back then you actually had more talented and creative tech fueling these companies. It's become more cookie cutter now and more of a tech bro situation that has fostered a sort of tribalism within the community where you are judged by where you work over who you actually are. It's like back then it was like Woodstock and now it's more like the Fyre Festival.
We had one or two people that acted like bosses, but weren't. Apart from them acting like managers, I couldn't see any real purpose to them being there. I never saw them do any work. I had NO idea what they even did.
Seeing a Pentium 4 in a museum sure put things into perspective.
Googled this and burst out laughing when the Computer History Museum referred to it as an "Artifact"
"The one that has had the most massive impact on our society is the internet..."
This is pretty common knowledge or thought to just about anyone who gives it a few seconds of thought.
But the way David Bowie nailed this point in 98 or 99 on a morning news interview is almost chilling. SUre it was growing and fast at that point but the majority of people had the internet written off as something else that would become a passing phase.
Bowie was weird as hell but he knew whaet was up.
I recall this time very well. The average person had no clue how to connect economic impacts to the internet at that time. That's why a few people made most of the money from this era and retained that money.
There are even screenshots of Bowie engaging with fans on forums bantering, guy was ahead of the times
@@crashfan360 Rodney Dangerfield was the first entertainer to have a website..go figure.
@@crashfan360 In some areas, he was ahead of his time, for sure, but internet definetly f-ed up his Bowie Bonds.
Yeah everyone should watch that interview, it was clairvoyant how right he was
Dank has became one of the best channels
Real (and true)
I am become Dank destroyer of thots
Yeah, fuck the other channels shown in this video (Vaush, Soycast of the Fudgepackers, etc...)
There's not a single video of his I miss. The man is born for this.
Yup. Such a wonderful story teller.
I finished my CS degree just after the dot com bubble burst, and ended up spending the first couple of years out of uni working at a watch and shoe repair kiosk (so I was basically a cobbler).
I now consider it a good experience that rounded me out as a person (and I made some great friends in that job) but damn was it depressing at the time.
At least you kicked off your career on the right foot
@@Pantherrrr haha nice.
The first manager I had when I actually started my career for real (and who had interviewed me for the job) told he'd respected the fact I'd actually worked some sort of job during that time, rather than spent it sitting on my arse, as he figured it meant I'd have some sort of work ethic (not always guaranteed in some of the fresh grads they hired).
@@fuzz11111111 It is probably an advantage I will have when i am done with university. I am used to work, having gone to trade school, completed an apprenticeship and then worked some more.
I then completed Vocational School, then flunked out of my first attempt on a degree through top out year. Currently working to save up money and preparing for my 2nd attempt at a bachelor, this time starting from scratch.
A bit of a unconventional path I have chosen, it is slower, but it leaves me with less debt and more work experience compared to my peers.
My dad describes it as basically a new technology came out that people weren’t entirely sure how to use it or what it was best for and so they were mostly just throwing stuff at it to see what stuck.
For every new bit of history the count learns, his beard grows in length and power
We are going through a similar bubble now but on a smaller scale. So many people and investor groups paid way too much for social media or online news websites.
The excess venture capital has run out and now these businesses are expected to turn a profit, which most cannot.
May the Algorithm Gods bless this video.
Praise be to the digital creator.
Enshallah
Frfr for real fr forreal forrellio forrealzzzzzzzz frfrfr
The great depression, also known as the *BIG SAD* was a period of Americas history. they took away our beer, there was a bust bowl and the banks forclosed on the farms, turning them into more dust to go into the bowl. Very sad time all around.
And as always, more government was the only solution anyone could possibly think of. Good thing that didn't turn out to be a mistake.
@@ALovelyBunchOfDragonballzMore gubment is always the right answer isn't it? 😔
I would think a bust bowl would have been more popular than the dust bowl.
Remember the AOL time trial discs? My dad had hundreds of them lol!
Yeah they made good disks to put games on
20:00
For the whole Y2K bug thing, basically programmers back in the day had very limited hardware resources to work with (this was in the days before you could download more RAM : ) so they tried to make all their code as efficient as possible. One way they did this was only storing the last two digits of the year, this slightly sped up any process that had to work with the dates and made stored dates take up 2 fewer bytes for each entry. This was actually a significant space saver at the time as, just for example, it would save two whole megabytes for a list of the dates of birth for a million people. That sounds irrelevant today but in the 60's/70's even 80's that was a lot of expensive storage space.
The programmers who did this knew perfectly well that it would cause problems with the upcoming millennium but that was decades off and they figured there was no chance any serious organisation would still be using the programs they were making that far in the future. Yeah turns out that they wrote pretty good reliable code and when new programs were made they were made to work alongside the old programs that formed the foundation of the systems. It wasn't a problem until it became a problem.
The Brits have the Freddo index, in the states we have the waffle house index. I love the practice of measuring something through tangentially connected means.
in europe we have the bigmac index. You can get a big mac anywhere in the world and by that measure the real inflation and currency exchange around the world
Also part of the waffle house meme is if Waffle House closes for a storm.... fucking run, drop what you are doing and get the hell out of dodge.
The funniest thing of all is that it's a legitimate way FEMA uses to measure the scale of how much an area is impacted.@@sylverarow
This also means if you ever need a job and no one's hiring wafflebouse will hire you. Do you realize how many people you have to have work at a restaurant to never experience a day that is short staffed enough to stay open. And you can definitely get pot there. So there's that
@@sylverarowthose motherfuckers will fight anyone but an act of God is not really something to fight
Idk why but I keep brushing my teeth during your ad reads and it’s pavloved me into wanting to brush my teeth everytime I hear one.
I made a killing with redundancies back between 2001-2003... I had 5 different tech jobs. All had massive investment from intel. microsoft, oracle etc.... Our companies just did not know when to stop spending
I'm sure Carl and the rest of the Lotus Eaters appreciated that little barb 😂
Love the use of “Armenian Corey” at7:37, got me by surprise 🤣
That yellow Pacific T shirt must have been washed more times than the bed sheets at a 1* Glaswegian B&B 😬
German Business Junior here, this guy explained economics a lot better than any of my professors. What is even worse is that my uni is among the top 50 of the world (according to qs). This again shows that a straightforward, charismatic approach is a lot more effective than trying fill the schedule to the brim and talking like Shakespeare all the time.
I LMAO when he said Mansa Musa and then showed a picture of Yakub
It's actually very funny when you think about it. At this time, most people didn't understand the Internet and those who did earned millions by doing nothing 😂
I get more education from Professor Dankula then I did in school
than*
Same, but it's a very low bar.
Maybe he should have been your English teacher
You mean the honorable judge dankula?
Not like it's hard to beat the absolute bare minimum.
Nothing happened during Y2K because a lot of people worked really hard to fix most of the machines from crashing, my dad was one of those people. The problem wasn't nothing, they hadn't encoded enough bits to carry the remainder of 1999 over to 2000. There was no place holder for the value, which if you've ever worked with code, funny things happen when the program no longer has anywhere to stick its output. Often this will result in critical errors especially if that program is running root level software, which was the case for I think just about all of the machines. People now think it was over hyped worry, but really it was a very near miss.
I was just telling my gf about that. I was a sysadmin at a university at the time, I remember spending hours and hours, late into many evenings, upgrading systems and so on to deal with the problem, so yes indeed in the end not much happened because hordes of admins across the world worked very hard to deal with it.
Note though that it typically wasn't a bit carry issue, rather that when initially designed, probably due to storage/memory constraints and programming norms of the time, the year was often represented as either an offset from a starting product manufacturing date (1970 was common) or the century was simply excluded, so 99 meant 1999. It meant only needing one byte for the year.
Also, few realise that the issue was already being dealt with some years before then because a lot of systems have to cope with future dates. Sell/use-by dates for food obviously comes to mind, but a more serious one for the software industry was license expiration dates, inparticular the very expensive Discreet systems used by movie studios for vfx, these had to be patched to ensure continued function.
Even so, quite a few problems did occur, failing traffic lights, medical systems, etc., and I remember seeing some way off food product labes, but one could usually just figure out what it was supposed to mean from context and common sense. What problems did occur on a scale small enough to handle.
Oh, and not just root code; a lot of users in some industries rely on accurate date stamps for their files so they can correctly refer to them later, ordered appropriately for sorting, archiving, etc. Tape backup systems often archive all files changed or newly created within a defined previous time period (a day, week, etc.), which won't work properly if the date stamps are wrong. The public has no idea how broad the issue was, but 99.99% of it got fixed by a lot of hard work. Even after I started a new job elsewhere in late 2000, I still had to continue fixing systems that hadn't yet been updated.
@@mapesdhs597 Yeah exactly, it was more of a near miss than people realize, and there was a practical reason for why engineers were worried. But we have survivors bias.
I wonder if we'll be talking about the E.S.G bubble one day? seeing as how exponential investment into things that never actually turn a profit tend to lead to massive downturns and all.
a similar thing is happening to esports right now.
venture capital and investment were very high, and players got extremely inflated salaries.
but now that covid and other problems for the economy occurred investment is drying up and people are realising that the esports teams do not make any money, even after several years of investments.
Ah the good old days. The wild west of the interwebs. 98-08 was the golden era man. Zoomers will never know a world where corporations didn’t own you and everything you do online. Especially CZcams when it was “Broadcast yourself” what a time it was. Makes me sick what it has become tbh.
Can we talk about the single frame of Ted Kazinsky
The burst was investors realizing that they had basically thrown their money away for years and they were never going to get a return on it.
The Counts dimples are so deep and long it kinda looks like a Glasgow smile.
Dank. Here’s some suggestions for future videos...
Colton Harris Moore aka the Barefoot Bandit: Real Life GTA Character
Intelsat 708: when Communist China played Kerbal Space Program in real life
Colin McCrae: Scottish Rally Car Driver
Rainbow Farm Siege
Cokeville Hostage Crisis
Milton Bill Cooper: conspiracy radio host killed by the government
Mad Mike Hoare: Irish Mercenary
The Iran-Iraq War Swamp Electrocution
Barefoot bandit ftw!!!
I think he did rainbow farm already
Iran-Iraq war? Why not just the man himself Saddam Hussein.
@@TheRealRusDaddy nah you’re thinking Qxir
That Ted Kaczynski image flash was genius!
It spooked the heck out of me! I had to do a reverse image search to realize who it was, though the face looked familiar.
Seeing Corey look like that at 7:35 still kills me.
Wow. The internet in 1994 when I was first online. Chatrooms and message forums. No porn. Mosaic didn't/couldn't display colours or pictures. Netscape was ground breaking because.... colours and pictures. I was the only person in my highschool to have internet so I sold photos and information via 3.5 floppy.
10p Freddos and Taz's! My uncle used to pick me up from school sometimes and walk me home, and we'd stop at the corner shop where he would give me £1 to go nuts with. Glorious.
(I still can't believe Curly Wurly's were 20p though man, what a broken economy)
I remember the Y2K fiasco! my dad bought a bunch of lead (never a bad idea) and we had a few months of storable food. he bought in to the conspiracy a lot more than me. i was thinking "well, something MIGHT happen but i dunno, dad." i do remember that about half an hour before midnight, i turned on The Beastie Boys and wanted their "Hello Nasty" (such a good record, still) on because i wanted to be listening to the Beasties if the power went out. obviously, the power didn't go out and i went into the den and made fun of my dad for about half an hour before he told me to shut the f!@* up and go to bed. 😂 AHhhhhhhh good times. 😂
I spit out my drink when I saw the flash of old ted.. nice work
It was not a nothingburger.
In Sweden, one chain of petrol-stations had an outage where people could not fill up their cars for almost 6 hours until they fixed it.
The dot com bubble is what red pilled me and let me on a path to libertarianism. I understood tech and didn't understand how the hell this was supposed to be productive work. I went to the university library and looked up the Great Depression and came across Murray Rothbard and only then did it start to make sense.
Why would that lead to you being a libertarian? To me it just shows the dangers of an unregulated market and large corporations.
I remember y2k, that was a fun night. I was a kid asking my dad about it minutes before and we all got scared because no one knew what would happen, and nothing happened lol.
"Planes will fall out of the sky!"
"Hospitals will crash!"
"Toasters will blow up in your face!"
"Cats will start barking!"
I dunno just throw whatever in the pile I guess from what I remember lol.
I had a friend who was a tech type and made a fortune, but he lived well beyond his means. Then the bubble burst. I continued in my janitorial job. He ended up mowing lawns and doing odd jobs trying to keep his head above water.
My job was low pay, but it was stable.
The Bitcoin Civil War: "What actually happened " would be a dope video, talk about how the bad guys won
The bad guys win much, much more often than not
Some of you in the audience may notice a reoccurring theme with certain rug pull concepts and new technologies.
If you noticed a pattern; congratulations!
🎩
🐍 no step on Snek!🇺🇸🇭🇰
Woohoo! It was crypto last year, now it's AI this year! Hopefully it's housing that goes pop next year
Hopefully the next is EVs. I hate those vacuum cleaner/iPad hybrids on wheels
@@docvolt5214 Man how are yall triggered by cars? It's insane
@pootispiker2866
You can't do your own maintenance, the batteries bloat if you're somewhere that has winter meaning steep dropoff in charge range, and are expensive. Its not triggered, its just a bad product.
I haven't seen you around in quite some time. Good to see you Snakedude4life.
On the 15th day of Danksgiving, the Count blessed us with another Absolute Mad Upload.
Dankula don't think for a second I didn't catch that you referenced Mansa Musa and showed a picture of the evil sorcerer Yakub 😂😂😂
God, im happy i get to hear this tale narrated by the count, every iteration is specially inque sometimes, and yours is quite aptly unique. Keep em commin, contents coming along nicely.
5:50
It's pronounced "Thee" olde, not "Ye olde"
The use of Y is a leftover substitution of Thorn (Þ) from the Nordic runic alphabets. Latin alphabets didn't have this letter, so Early English speakers, having switched to Latin under the boom in Catholicism in the Dark Ages, used a letter we had no use for (at the time), Y, in place of the Th sound, to save effort while writing.
So, next time you see a pub called "Ye Olde Taverne" or "Ye Olde White Harte", it's meant to be "Þe Olde Taverne" or "Þe Olde White Harte."
Flashbanged me with Uncle Ted.
I was looking for this comment to make sure it wasn't my mind pushing me further to domestic terrorism LOL.
for legal reasons the above post was a joke.
This whole video was nostalgic for me, being born in the early 80's. Mosaic and Netscape. Surprised AOL didn't come up. As far as Y2K, we threw an "apocalypse party" for that New Year's. By midnight, the only people not passed out were the five of us who took mushrooms. At 11:59, we turned out the lights and listened for airplanes to fall from the sky. Sarcastically, of course. None of us took it seriously.
I mean... It was an issue but it got fixed by tons of hard work.
@@oz_jones It was an issue in a very small number of applications. They had half the world convinced their toaster was going to blow up lol
@innapinch7112 anything digital that the government was in charge of was a major risk, since so many of their computers are always decades old. Banking networks and insurance companies were also at risk. Medical equipment from ventricle assist devices to epilepsy monitors had to be replaced, upgraded or just manually reset at midnight (I found a 73 page Health Canada pdf from 2001 on the Wayback Machine that's just a list of Y2K-non-compliant medical equipment). The problem was overblown by the news, but the averted disaster was quiet real.
Dot com bubble has a little brother - the AI bubble incoming. 🤔
Thank you for continuing to make new content 🎉
I'd love it if you did a Mad Lad video on Linus Torvalds, I believe he has earned the title
Many thanks for researching the subject and delivering it in a quick and palletable video :D
My parents made bank on Y2K. Seriously, they hired both of my folks to come in to protect their computer, and they just sat around and did nothing on the company dime because they knew nothing was gonna happen.
So weird how the early adopters of internet business were more correct than they could've ever imagined, and yet it still collapsed up it's own butt a couple times while simultaneously being the definition of the next industrial revolution. And everyone knew it was THE thing you wanted to capitalize on, and it still had a couple of stronks just trying to get off the ground.
Remember in the mid to late 90s, every single product you'd buy came with that AOL free trial disc?
"job losses due to technology" we work more now than we ever have!!
... Spoken like someone whose never put their hand to labour.. we can't even make things that last anymore..
@@selphconsciouswhy bother making things last when you can save money by cutting corners
@@neo1711 .. I'm eagerly waiting to find out what happens when we find out the money isn't worth anything 😮🤫
@@selphconsciousmy job is automation.
It's a huge performance improver, but there's just so much to do (and then what's done needs to be maintained and updated as more improvements come out) it keeps you insanely busy if you're the one doing it.
As far as build to last goes. We can, but the cost of doing it in a way that'll last a lifetime vs the cost of doing it good enough is vast.
We also don't need to put the effort in to fixing stuff like, say, the east Germans did with their irreplaceable Trabant.
There's massive amounts of things that simply aren't worth my time.
Unless you've got everything on hand, even thinking about fixing something is probably going to take an hour (I've found no single task takes less than an hour, when you factor in context switching)
If you can replace it for what you earn in half an hour and have it turn up on your doorstep the next day, why bother repairing it?
And that's simple things. Think of the time it would take to repair a TV if that wasn't your bread and butter.
Then think of the TV you could buy with the value of that time.
@@bobs_toys .. it's rich to see a dude write a wall of text on a CZcams comment say "not worth my time"..
Which is the same energy that made me comment in the first place.. lol
If you think we're working harder then our forefathers, etc did.. you are both sniffing your own farts.. 🤷🏻♀️
Too each their own, but I'm not gonna sit beside you and tell you it's roses and lavender lol
If/When AI crashes and burns, the follow-up episode will be fascinating.
The AI bubble will continue for another 5 years by my estimate before a correction happens.
I was wondering what you were going to put as the picture for the intro and boy was a stoked when I saw the dirty bubble😂 great video thanks again!!
I'm still not convinced the Internet will catch on! Call me old fashioned...
Count dankula, you must do a video on greg the grim reaper scarpa, he is by far the most interesting mafia figure in American history, he goes from being a mafia hitman to battling the KKK to the ending of his life dying of aids while killing multiple people in a mafia war, oh, and he let his protégé bang his wife for 20+ years in a open relationship, honestly you cannot go wrong with this episod
Kewl
We're in another Great Depression right now, but no one has realized it just yet, but we're will. Good. Men will become strong again.
There is no such thing as a depression that no one notices. 10 times that for a Great Depression.
Stop being a doomer.
They have realized it. They created it on purpose and they are lying about it. Nothing happening now is an accident.
@@MAGAMAN In the span of an hour, you went from saying Great Depression that no one notices to saying they have realized it.
All it took was one rando on the internet calling out your bs for what it is, bs.
Another Great Depression that everybody just somehow doesn't notice. Some of the DUMBEST shite I've seen put into words.
Y2K was a actually a pretty big deal but managed to get patched out before massive issues could happen.
Words can not describe how much I love the Alex Jones outro to your videos man 😂
From about 1999 to 2005, the internet changed completely. People born after 2000 wouldn't even recognize the internet of the late 90s. It's really difficult to wrap your mind around how much the internet changed during this 5-6 year time period and has probably been the subject of several doctoral theses.
It really was the Wild West. I miss it...
@@oz_jones So many cool, interesting web pages are gone.
The old Cult of the Dead Cow website had a great site back in the day, with all the old phone phreaking tones available.
thanks for the unabomber jumpscare
Im happy I knew exactly what flashed on the screen without having to rewind or pause.
Thank you for the videos, always top notched. Peace.
dank hits different when zooted
You or him?
Well, think of this like every other economic crash.
Debt is a sharp tool which cuts open new opportunities if wielded well. However, most simply see debt as something that is nonexistent. When the number of reckless spenders surpasses the amount of value available for loaning, inflation happens. When inflation continues to progress at a break neck pace, then a crash happens. When the crash happens, all of that debt is called home.
Unfortunately, the government can and does play favorites on who gets to keep his shirt and who loses everything. Hence why so many big businesses seem to skate when the economy crashes and they have a mountain of debt. Well, debt never goes away till paid, and those with hot money never stop spending, so those companies will eventually collapse, just like the government will. That will make for incredibly interesting times.
This takes me back.
5:23
Oh, oh! There is he boys.
Some people are a little naive. We're in the worst financial time of every single person reading this comment's life times.
And it only gets worse from here
If you like the Dot Com Bubble, you're going to love 0DTEs, Bonds and carry trades.
Seems to me like the greatest argument AGAINST free-market capitalism 😂
The parallels between this and NFTs are great. Founded to superbowl to dead in the water.
The earth orbits the sun a few more times and we do it all again.
I’ve been fallowing you since the killdozer episode and I’ve been going through a tough time right now and I’ve also been struggling with my mental health and you have been helping me a lot so thank you also could you do a episode on Desmond doss or a video on the battle of Mogadishu
Stay strong, man. I can really relate to you. The trick to mental fortitude is to think ahead of the curve. This shit we endure now won't last forever, you'll see. Stay safe
@ruffusgoodman4137 thank you
Make real friends, it will be good for you
What’s the Internet I’m from Bosnia
7:38 omg that picture of Armenian Cory Spazkid is everywhere these days. lol
Ahh yes, War, Death, Pestilence and Doggo the sock puppet.
When Y2K happened I was 9 and even at that age I thought it was dumb. I wasn’t worried at all. The night it happened I was sitting in my bedroom playing my Mario RPG on my SNES and all the adults on my street were standing in the road looking up to see any airplanes falling down lol. They eventually came in and that was that.
What nine year old is playing SNES on the millenial New Years....
Why wouldn't I be lol