# March 10, 2000

By [jer979](https://paragraph.com/@jer979-2) · 2022-09-21

---

That was the day of the dot com implosion.

Last week felt very similar from the crypto perspective.

After the dot com crash, Pets.com and Webvan may have been destroyed along with countless others, but Amazon was $6/share.

The implosion didn’t mean the Internet was a bad idea. It just meant that the next phase was beginning.

Ari Paul captured it really well in [this tweetstorm](https://twitter.com/AriDavidPaul/status/1536764452040843267)

> Imo, crypto now going through something vaguely like post-2000 tech crash. We proved modest product market fit in several areas, but A. Products and infrastructure need to be much better to truly cross chasm to mainstream. B. And adoption is ~5 years behind where some hoped. /1
> 
> — Ari Paul ⛓️ (@AriDavidPaul) [June 14, 2022](https://twitter.com/AriDavidPaul/status/1536764452040843267?ref_src=twsrc%5Etfw)

---

*Originally published on [jer979](https://paragraph.com/@jer979-2/march-10-2000)*