A couple of others I can think of:

  • Crypto-boom of 2016ish: GPUs/mining rigs
  • LLM/AI hype nowish: User generated data
  • 90’s dotcom bubble: Server space
    • @Cryophilia
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      22 months ago

      No, it’s not. You clearly have never heard of this phrase.

      • @[email protected]
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        fedilink
        12 months ago

        All of these are things where you capitalize on other people’s attempts to get rich by selling them the tools to do so

        • @Cryophilia
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          42 months ago

          Yeah but that’s not what selling shovels means.

          A gold rush is a bunch of fools chasing the latest hype. Like AI or the dot com boom or NFTs.

          Selling shovels is when you don’t buy into the hype, but you make money off of the fools who buy into hype.

          You’re just talking about standard economics.

            • @Cryophilia
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              32 months ago

              Yeah. That’s just supply and demand. Not a fool’s gold type hype.