Dylan Patel

Crypto.

Complete Ponzi scheme, right?

But then there's other stuff that's like...

This was real, right?

Like the UK like spent like some absurd percentage of their GDP on railroads for like a decade.

Yeah.

We're nowhere close to 6% of our GDP.

Like, holy shit.

That was like, okay, there's tangible, but it's like, oh, well, we did overbuild because like how many goods are there to transport?

You must build these railroads to reduce the cost of transport so much because you have no clue when the demand stops and you've overbuilt.

And because there's 10 people trying to do it at once, you're obviously going to overbuild at some point.

Same thing with fiber.

And like a lot of the argument against this is like, well, no, but this time it's the strongest balance sheets in the world.

It's the world's most profitable companies.

They can all pull the plug at any point.

Microsoft pulled the plug at one point before they're like, oh, shit, no, no, plug it back in.

They recently plugged it back in.

They're like, oh, wait, we're starting.

We're restarting this.

We're going out into the market.