alt Hacker NewsI fear another related possibility. With *so* much money on the table, if this new industry shrinks or collapses, it is hard to believe that it will collapse same way dot-com did, and instead investors will seek to protect their capital who knows at what cost. Given the influence they have it is not hard to imagine the impact on policies, etc. I fear that tax payers are not the winners in either case, whether this industry grows or not.
This reminds me of the office rental leases during and after lockdowns where it seemed like the idea that owners might loose money was just not even on the table and we needed people to be back at the office otherwise the value of office buildings would fall and that'd be terrible...