And I used that song to win Student President in 1999 It was being played in 99 and we WERE partying- he's right. Some ppl really thought it would be the beginning of chaos/ "end of the world"
A minor correction: 56 kbps didn't meant kilobytes per second, but kilo_bits_ per second. So the theoretical download speed on a 56k modem was 7 kilobytes per second, but phone line quality meant that at best you could only get 4.
well then the minneapolis st paul metro area had really good phone service. i regularly got 5.+ with qwest and at&t and sprint. u.s. robotics modem tho, all the other modems were stuck at 3-4.7
I lived the Dotcom Boom and this was a very solid recap. The only thing that was new to me was Y2K. I really considered that just a sideshow to the bubble created from our collective "irrational exuberance." We honestly thought we were creating a New Economy that was immune to the boom/bust cycles of our fathers' economy. It sounds very naive today, but we were young and convinced the internet would make us smarter, more informed, healthier, more productive, and better global citizens. There are definitely many similarities to the economy of the last two years. But as a general rule, when historical valuations for fast growing software companies are 8-12X, and you are in a market providing 100-150X, you and everyone around should know you are in a bubble. 😉
Uhhhh y2k I remember that people were talking about it, I was 4 at the time....... I'm very surprised you didn't know about it since it was mostly adults at that time talking about it. I'm calling cap
Y2K: I was working on transport & logistics optimisation software in '99. Our full team got hired by a big transport company and we went with a tight, part no-cure no-pay contract and worked very hard to reach the first milestone: prove we could reduce the manually planned mileage by at least 10%. We did & got all applauded at the project acceptance meeting, the software outperformed our customer wildest dreams, we were on top of the world. Two days later we got the news our project was axed. I called my close contact at the customer, like wtf mate?? and he replied that the same day we did our presentation, the payroll sofware supplier walked in with a Y2K doom story and convinced the customer's board to agree to an obscene budget to fix it. That was a common story back then.
y2k was not a waste though, a bunch of people did huge amounts of work plus people had been warning about y2k since the 70s, on one hand its sad that people kept pushing that problem further along on the other ... thats just humans
Lol the key difference is, if the AI bubble doesn't pop, it will likely subjugate our species 😅 it's a doomed if you do, doomed if you don't kind of situation
Its tough - low interest rates persisted FAR longer than i ever thought they would. For housing i am seeing houses sell for 30% or more over asking all cash offers. Anecdotally i hear from local business leaders that they are getting blanket offers to buy up whatever they have. I see houses worth 400k selling for nearly 500k in areas where the median HOUSEHOLD income is only 60k It seems like madness on its face, but i honestly cant say how or if its going to end anytime soon. I mean something has got to eventually give right?
Ohhh that’s why I also landed up to watch it, I thought this guy has predicted fall in 2024 in 2022!!!! Must be some kinda wizard… now I know he’s just a cheater!!
You do a great job! I was in my 30's in the 90's as a software engineer. I helped mitigate Y2K on a team addressing more than a million lines of code. I watched the Dot-coms go crazy and then crash. I remember the hype and emotion of both-fear and elation and then relief and depression. Human beings do not seem to learn. We find it hard to remain sober and get swept away in the emotions of groups, trends, and fads.
I was just a child in the 90's but can say the Internet has ruined everything it created the recession in 2007 as everyone by that time had access to the Internet. The Internet has completely ruined the global economy
Well this video aged well…it would seem like we are now officially in another bubble. It would be interesting to do a follow-up video to this. All of the global disruptions occurring right now might mean the recovery from this bubble’s pop might be quite a bit more difficult than 2000…
I don't think we are in a bubble now. In fact, if anything is correct as a bubble it would be the "everything bubble", which is not a bubble, but simply a recession. QT will last another 12 months minimum, so be prepared for pretty much everything to continue to go down for a long while. The winners will be those things that hold their current valuations (not gain), like real estate, and some proven tech. Of course, which ones are proven is a matter of opinion. So no point in calling anything out. But you won't be making money in the short term. Sitting on cash is probably the best move until the QT putters out.
@@Sadigziggi What if we get hit by a 10km wide meteorite? Well, we all die. I don't care about what ifs. My honest opinion is that we have more recession to enjoy for a while. Grab up more cheap stuff. But not now, we are in a bump. This will not last.
It's insane that this channel isn't bigger with quality videos like this! Sometimes it makes me a bit sad when I see people who do very little effort get millions of views, and then channels like us who never reach that even with tons of effort haha
Not everyone is supposed to have growth mindset who consume productive content like this channel has to offer. If you are a regular visiter of this channel surely you have the fire to change this world and you will stamp your name on the world. :)
you making videos teaching people to be entrepreneurs and build businesses that transform the world and help humanity. yet you haven't built one yet. so what all the fuss is about lol
2:41 56Kbps means Kilo bits per second, not Kilo Bytes per second. Bits are only 1/8th the size of a byte, which means it was actually 8x SLOWER than what you said in the video.
56 kiloBITS per second, which is 7 kilobytes per second. After packet overhead and dropped packets, you would be lucky to download a 3MB MP3 in 15 minutes.
15 mins? You couldn't utilise the whole speed usually it would download songs on napster at around 3-5kb/s it was brutal. You would stick 2 or 3 songs on to download and it would take all night. I remember downloading WWF matches as a kid and it would be downoading over several nights for a couple of hours each night. Going on the internet also tied up the phone line so usually you were only allowed on by your parents for an hour or two and night,
I worked for computer manufacturers and ISPs on the tech support phone lines in the late 90s. I can tell you that most people could barely get 33.6k. 56k was NOT the average, but I guess the example offered in this video is close enough. In early 1995, I had a 14.4k modem connected to a 386SX 16MHz computer w/ 4MB RAM running DOS 6.22 and Windows 3.11.
Exactly what I came back to write. Seeing it hit 3.9kps was like seeing the face of God! Downloading Quake took around 9 hours. I would start downloading a movie on a Friday night to watch Saturday evening.
@anything; everything yeah Napster was the original bit torrent type shit for illegal downloading of music and stuff. It became legend back in the day after metallica and a bunch of other ass hat musicians campaigned to shut it down. After napster was gone though new ones popped up. Kazaa and Limewire were the two main ones after that. They werent torrent sites they were programs you ran on your PC and you would be downloading peer to peer, so like if im downloading a song I was downloading it from another users PC who was sharing the files. You used to download songs only to find out it was actually some guys garage bands shit recording/demo track that they've renamed as "nirvanna - lithium" or whatever just to try and get people to download and listen to it haha.
Just like today. Hedera Hashgraph and Solana will probably survive tho. Dotcom Bubble Veteran Google is backing BOTH of them.. Move how the experts move😉
@@rohitghali Underlying tech is Ethereum. The tech allows data transfer via blockchain rather than just the transaction data itself. In theory, you can build apps from it which rely on smart contracts for execution of encrypted data. Unlike Bitcoin, for obvious reasons, it's in unlimited supply. That makes it less valuable over time, unless the "killer" app is developed - but that "killer app" would probably be an international banking system, which would set it's own rates independent on the actual ownership of said coin.
@@gawbagecan that answer probably just confused me more as to what the value in an nft is lol. sounds like they are trying to recreate a system that isnt broken, except the new system just costs a shit ton of money to use.
Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline.
Bubble is going to burst and it will inflate again and again in somewhere. I guess it is quantum computers that will experience the next bubble in the future, since it is quite promising and investing expectations will be quite high after cryptocurrency burst/covid-19 recession. Those people who gambled their savings will try to recover.
The jump in the quality of production in these vids in such a short amount of time is very impressive, I'm hooked and binge watchin em...well done people, well done...🔥✌🏻
I get so mad when people joke about Y2k. My dad wrote code for 3 years for HP. That's 3 Christmas mornings I didn't see my dad. Y2k didn't happen because people didn't see their families
Your dad was doing real work and solving an actual problem. But there were significant parts of the Y2K story that were greatly exaggerated and even straight up lies to sell magazines and software. When we make fun of y2k and call it a hoax, those are the people we're making fun of, not people like your dad.
As someone who works in data analytics (I code a lot so tech) I’m very worried that we are coming upon a new bubble pop in tech. I work for a more recession proof industry, doing analytics for a non-tech grocery chain company, but I still feel anxious. I really hate how many companies treat employees like disposable & how investors love layoffs. I’m glad I’m working in a more computer science role but I really have an Econ background in education so I can go back to that more if needed & my skills will transfer (economists code as well).
I am a relatively young lad, but I remember when my friend download 1mb through internet and it took "only" 30 minutes and I was impressed how fast it was :D I couldn't imagined that those speeds or even faster will be available one day on a wireless system or even on a phone (and don't cost arm and a leg at the same time).
I dont remember this at all. I was too busy pounding four Lokos and getting thrown out of bars for pissing in the kitchen sink. What a time to be alive.
"Party like 1999" was a saying that started in 1982 with a prince song..... I remember it was popular to say in the early 90;s. So the actual things that happened in 1999 have nothing to do with that saying
All it'd taught me was there was so much variables and each of those variables is like a professional profession like a doctor or engineer, it'd need so much research or you're already too rich to lose a significant enough amount if your try, failed.
Him: Yes, "that" Marc Andreessen Me: Who??? Also at 2:42 I think you mean bits not byes (not criticizing, just saying). Awesome video BTW. Very good presentation and I love the graphics.
This pre-2K craze had also attracted scammers like Syncronys, which promised that their program SoftRAM would allow to store twice as much data in the (very expensive) RAM (which it didn't, it just enlarged the Windows swap file on the hard disk). The main aim of that company wasn't to make functional programs; it only wanted to attract enough buyers that their penny stocks would grow exponentially, then they would take the money and run. Only that they got intercepted by some PC tech magazines, that got suspicious when they noticed the rather unlikely feat that Syncronys claimed to have achieved, and started investigating.
Back in 1999 my aunt demanded we all come out and be prepared to spend some time at her rural property because of Y2K. She had a well, food stock piled and ample wood for heating over winter. She was very worried the grid was going to collapse. Fast forward 21 years... I'm the prepper. I just wish I could afford a property like that. We don't see eye too eye on many things, but we can come together on having the skills, knowledge and frame of mind to take care of those we care about.
I snuck down to the basement while everyone was counting down to New Years on Y2k at the party I was at, and switched the power off when they got to 0.
"Party like it's 1999" is a reference to the Prince song as he was imagining 1999 in the future in 1982. Nothing to do with the stock market in actual 1999
Great video! Learned a lot. Also, didn’t know Y2K could be such an issue for the date formatting in computers. A trivial problem of that time but such minute thing now. Also, something to look back and appreciate the effort went behind solving it.
Amazing detailed video, I’m 35 and work in technology so I saw the times and my household go from a Pentium 1 to the internet and beyond! Who remembers Lycos!
I got on the internet in college in 1990. When Mosaic was released (I had to download it and compile it on a SUN workstation to get it to work) I was amazed by it and knew right away it would change the world.
Loki is out and I am here, on your channel, bing watching every video you have posted. That's amazing man. Your channel definitely deserve way more subscribers than it has already. Love the content, love the script, love the execution! Thanks for sharing ;) :D
I can't get over how awesome the graph on the table for internet speed is. To render it and then interact with it like that is something I would expect on a main stream / high budget production on something like CNBC or something.
This video is by far the most AMAZING video you guys have ever made! the amount of work that was put into it is so obvious on how high-end and valuable it is. great job Caya and the whole team behind it ❤
This vlog is so timely! The dot com bubble was internet 2.0 and those companies that survived are now worth Trillions of dollars. Blockchain or web3.0 bubble burst is about to happen and only those coins with utility and real value will survive and will become the new trillion dollars industry.
Very good video! It seems I’m a bit older than you (I graduated in 99 and was in the during this time). You hit the nail on the head and brought back a lot of memories as flash backs. I don’t know if we are in the exact same situation, however there is an old saying worth keeping in mind - “History may not repeat, but it sure does rhyme.”
As someone who is gen z and has no idea of the dot com bubble, I see companies that have a decent business that vastly overvalued like door dash, roblox and spacs that have been overhyped. I’m wondering if it was the same for companies in the dot com era that actually had a decent business but very overvalued, did they get popped too?
@@jackchen1717 Well I can't speak for everything (I worked in the Auto industry back then and didn't watch the stop market like I do now), but I seem to remember Ford and GM being top 5 revenue companies which were considered highly profitable. Work Conversations in 2000 were about whether you should buy stock in GM at $100 because it was going to $150 soon. Needless to say by 2008, GM Traded at around $1. Now it is close to $50ish (And yes I still think it's overvalued). I make this point only because people point to companies like Netscape and the "Dot Com Bubble" and I just remember the whole market having a ton of Euphoria. It was almost like you couldn't lose money. Then as a society we got culture shocked that yes you could. This isn't to say you shouldn't have invested then, just like now its extremely important to do your own due diligence. I say this because even if you bought Apple at its peak during the dot com bubble, every dollar you spent toward it then would be worth over 100 today. So Best advice I can give is to take all media with a grain of salt, look toward the future and see what you think life is going to look like, then invest in companies with plans to get there and balance sheets to weather the storm, lastly continue to keep up on them to make sure your thesis hasn't changed. If you do that with even a couple of companies, you will likely retire far earlier and wealthier than others.
I graduated from college in IT in 1999... that sucked... I left my job right before 9/11/2001... and was out of work for 10 months... that sucked... THEN I bought a house in Nov 2007... that sucked... Let's just say I'm ready for 2022/2023.
I just graduated back in 2021, 1/2 of my CS graduating class didn't survive and end up doing non computer stuff at all in their career. Gone were the super good pay and of course we were barely surviving till probably around 2006 or so. Watching your video reminds me that today's COVID is back then's Y2K, today's crypto is back then's dot com, and today's China Evergrande is back then's Japan entering recession. So my guess is after COVID is finally over the stock boom is going to end.
Oh, BTW my first job in 2020 had a new grad salary of $50k, after the bubble pop I found a job 1 year later for $36k, it was something I couldn't survive on for long, then 3 years later it became $56k in another company, then in another 3 years it became $90k. Now the new grad salary is about $80k in the similar field but in FANG I heard you can get $120k, and those senior engineers in FANG get like $350k.
Frustrating thing about the Y2k bug: It was identified as a major risk early and people sunk a *lot* of time and effort into preventing anything terrible from happening. They succeeded! And the mass reaction was "Oh nothing happened. Why were we ever even worried about that?". >_
The millenium bug was very limited and affected very old systems only. It was used to fool people but it waa not done by IT peopl, it was made by people working on finance because they are greedy frustrates loosers. In 2038 there could be a similar problem with unix/linux operaring systems, and could impact more systems. Anyway, today we have millenial bugs everywhere on the planet.
As a software guy, it was an opportunity to go into the code and clean up crap that shouldn't have been there in the first place. These days its called "technical debt".
This is the only video I've seen of yours but I have to say I really like your camera. It's not super sharp and feels more natural (vintage). As a profesional photographer, thank you for this.
Before the Internet and web pages there were bulletin boards (BB). Using a command line serial communication program such as minicom, you would dial up another BB modem and access the text based menu of Doom type games to download or programming articles to read. You could also setup your PCs to upload and download, or for company Email transfers, using a telephone line and a 2800 bit modem (super slow). That was back before the Internet in the late 80s and early 90s.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
Pitch deck consulting services for startups looking to scale ► youtube.slidebean.com/dot-com-1
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@@basicallyAI you bdon oe onek
😀❤️😭🥃
It's year-month-day, goddammit!
0:00 people in
Hi
I saw a video of the Hauwei AutoDrive L4....do you know where I cam find it? If Im not mistaken its fully operational.
8:39 "They don't say 'let's party like it's 1999' for no reason"
That song came out in 1982
And I used that song to win Student President in 1999
It was being played in 99 and we WERE partying- he's right. Some ppl really thought it would be the beginning of chaos/ "end of the world"
The video is NOT answering your title, booh!!!
Title isn’t phrased as a question
HE CHANGED THE TITLE AND THE THUMBNAIL
@@Validonelowhat was the original
enter deArrow
it shows crowdsourced title "Explaining the dot-com bubble and it's history" for this
@@danik0011 nice, installed the extension. thx for the tip
A minor correction: 56 kbps didn't meant kilobytes per second, but kilo_bits_ per second. So the theoretical download speed on a 56k modem was 7 kilobytes per second, but phone line quality meant that at best you could only get 4.
yeah, he's right: 4 years per KB
well then the minneapolis st paul metro area had really good phone service. i regularly got 5.+ with qwest and at&t and sprint. u.s. robotics modem tho, all the other modems were stuck at 3-4.7
Manna Mannan animal
Not minor, its a HUGE MAJOR mistake, especially when you're making such videos!
@@harshitbhatt3243 but hes a tech company CEO
I lived the Dotcom Boom and this was a very solid recap. The only thing that was new to me was Y2K. I really considered that just a sideshow to the bubble created from our collective "irrational exuberance." We honestly thought we were creating a New Economy that was immune to the boom/bust cycles of our fathers' economy. It sounds very naive today, but we were young and convinced the internet would make us smarter, more informed, healthier, more productive, and better global citizens. There are definitely many similarities to the economy of the last two years. But as a general rule, when historical valuations for fast growing software companies are 8-12X, and you are in a market providing 100-150X, you and everyone around should know you are in a bubble. 😉
im not only more informed but also more deformed. in terms of posture sitting at the computer for too long.
leftists will be leftists 😂
as naive then as they are now. Trying create the utopia by destroying everything around them
I'm Born in 1989.
You explained this immaculately.
Thank you
Yeah but.... This time feels different 😉
Uhhhh y2k I remember that people were talking about it, I was 4 at the time....... I'm very surprised you didn't know about it since it was mostly adults at that time talking about it.
I'm calling cap
Y2K: I was working on transport & logistics optimisation software in '99. Our full team got hired by a big transport company and we went with a tight, part no-cure no-pay contract and worked very hard to reach the first milestone: prove we could reduce the manually planned mileage by at least 10%. We did & got all applauded at the project acceptance meeting, the software outperformed our customer wildest dreams, we were on top of the world. Two days later we got the news our project was axed. I called my close contact at the customer, like wtf mate?? and he replied that the same day we did our presentation, the payroll sofware supplier walked in with a Y2K doom story and convinced the customer's board to agree to an obscene budget to fix it. That was a common story back then.
y2k was not a waste though, a bunch of people did huge amounts of work
plus people had been warning about y2k since the 70s, on one hand its sad that people kept pushing that problem further along on the other ... thats just humans
Watching this video in 2024.
Say hello to the A.I bubble.
No no! AI is going to fix EVERYTHING! Just invest in ANYTHING with AI in its name.
🤣we will know for sure if the AI bubble pops. NVIDIA is carrying AI right now.
Lol the key difference is, if the AI bubble doesn't pop, it will likely subjugate our species 😅 it's a doomed if you do, doomed if you don't kind of situation
The fact that this video is 3 years old..
oh ho ho btw just a remainder interest rate are at all time high
Its tough - low interest rates persisted FAR longer than i ever thought they would.
For housing i am seeing houses sell for 30% or more over asking all cash offers. Anecdotally i hear from local business leaders that they are getting blanket offers to buy up whatever they have.
I see houses worth 400k selling for nearly 500k in areas where the median HOUSEHOLD income is only 60k
It seems like madness on its face, but i honestly cant say how or if its going to end anytime soon.
I mean something has got to eventually give right?
The weekend explaining dot-com crash was the last thing I expected
my thoughts
Savage
You've come so far Caya, the quality is amazing!
Thank you, sir!
Thumbnail was updated recently
Haha, I guess that's just good creator sense on this guy's part. He probably updates it yearly.
@@secretfolo154Everyone does this
Ohhh that’s why I also landed up to watch it, I thought this guy has predicted fall in 2024 in 2022!!!! Must be some kinda wizard… now I know he’s just a cheater!!
Caya: I don’t know much about dot com bubble.
Also Caya: Lets make the best video about dot com bubble on YT
This is what we set out to do 😎
Well... this blew up! 🙌🙌
Wow guys! That's the largest amount of likes I ever had on the internet. Thanks 😂
@@sirjareq so little content on this topic & it’s SO interesting/ valuable to learn about & comprehend! Brilliant job - More vids like this please
Damn Straight! "Those who cannot remember the past are condemned to repeat it" so I am trying to learn this stuff!
You do a great job! I was in my 30's in the 90's as a software engineer. I helped mitigate Y2K on a team addressing more than a million lines of code. I watched the Dot-coms go crazy and then crash. I remember the hype and emotion of both-fear and elation and then relief and depression. Human beings do not seem to learn. We find it hard to remain sober and get swept away in the emotions of groups, trends, and fads.
I was just a child in the 90's but can say the Internet has ruined everything it created the recession in 2007 as everyone by that time had access to the Internet. The Internet has completely ruined the global economy
"All I cared about was my N64"
And rightly so my man, and rightly so
And no upsells
Well this video aged well…it would seem like we are now officially in another bubble. It would be interesting to do a follow-up video to this. All of the global disruptions occurring right now might mean the recovery from this bubble’s pop might be quite a bit more difficult than 2000…
I don't think we are in a bubble now. In fact, if anything is correct as a bubble it would be the "everything bubble", which is not a bubble, but simply a recession. QT will last another 12 months minimum, so be prepared for pretty much everything to continue to go down for a long while. The winners will be those things that hold their current valuations (not gain), like real estate, and some proven tech. Of course, which ones are proven is a matter of opinion. So no point in calling anything out. But you won't be making money in the short term. Sitting on cash is probably the best move until the QT putters out.
@@anthonylosego sitting on cash? With inflation? What if inflation gets really out of hand?
@@Sadigziggi What if we get hit by a 10km wide meteorite? Well, we all die. I don't care about what ifs. My honest opinion is that we have more recession to enjoy for a while. Grab up more cheap stuff. But not now, we are in a bump. This will not last.
@@anthonylosego it's not a what if. It's a global trend. Buy gold.
@@anthonylosego what’s this qt you speak of ? And how is keeping cash good with inflation this high ?
It's insane that this channel isn't bigger with quality videos like this!
Sometimes it makes me a bit sad when I see people who do very little effort get millions of views, and then channels like us who never reach that even with tons of effort haha
Woooord
Exactly. I have been a long time subscriber, but when I saw this video, I thought how is this channel not have 1m sub already.
Don't worry, he'll grow
Not everyone is supposed to have growth mindset who consume productive content like this channel has to offer. If you are a regular visiter of this channel surely you have the fire to change this world and you will stamp your name on the world. :)
you making videos teaching people to be entrepreneurs and build businesses that transform the world and help humanity. yet you haven't built one yet.
so what all the fuss is about lol
I have zero experience when it comes to video editing but I wanted to take the time to admire the 3D infographics. Super nice production.
8:39 (Let's party like it's)1999 is a Prince song from 1982.
2:41 56Kbps means Kilo bits per second, not Kilo Bytes per second. Bits are only 1/8th the size of a byte, which means it was actually 8x SLOWER than what you said in the video.
These 3D animations and graphs are out of this world! Amazing editing
If you didn't mention what decade you were talking about in the video, this could easily just be today.
lol, word.
56 kiloBITS per second, which is 7 kilobytes per second. After packet overhead and dropped packets, you would be lucky to download a 3MB MP3 in 15 minutes.
Lmao tell that to my fiber connection :)
15 mins? You couldn't utilise the whole speed usually it would download songs on napster at around 3-5kb/s it was brutal. You would stick 2 or 3 songs on to download and it would take all night. I remember downloading WWF matches as a kid and it would be downoading over several nights for a couple of hours each night. Going on the internet also tied up the phone line so usually you were only allowed on by your parents for an hour or two and night,
I worked for computer manufacturers and ISPs on the tech support phone lines in the late 90s. I can tell you that most people could barely get 33.6k. 56k was NOT the average, but I guess the example offered in this video is close enough.
In early 1995, I had a 14.4k modem connected to a 386SX 16MHz computer w/ 4MB RAM running DOS 6.22 and Windows 3.11.
Exactly what I came back to write. Seeing it hit 3.9kps was like seeing the face of God! Downloading Quake took around 9 hours. I would start downloading a movie on a Friday night to watch Saturday evening.
@anything; everything yeah Napster was the original bit torrent type shit for illegal downloading of music and stuff. It became legend back in the day after metallica and a bunch of other ass hat musicians campaigned to shut it down. After napster was gone though new ones popped up. Kazaa and Limewire were the two main ones after that. They werent torrent sites they were programs you ran on your PC and you would be downloading peer to peer, so like if im downloading a song I was downloading it from another users PC who was sharing the files. You used to download songs only to find out it was actually some guys garage bands shit recording/demo track that they've renamed as "nirvanna - lithium" or whatever just to try and get people to download and listen to it haha.
Well done, that was an interesting time for sure
Good seeing you around here, Ben! Thanks!
We’re in a interesting time right now
Just like today. Hedera Hashgraph and Solana will probably survive tho. Dotcom Bubble Veteran Google is backing BOTH of them.. Move how the experts move😉
$GME Bid: 222.01 Ask: 223.48 Last: 222.50 Chg ($): -0.47 Vol: 55.47K
I love how the CEO of slidebean is becoming a journalist now. Nice
In 2000 I was 21, and just getting started in my IT career. I definitely remember the Y2K fears
Well done on the meeting table 3d graphics 👏
🤗
Aleem, your videos are awesome too by the way I watch them ;)
Yes, that is pretty cool.
Fo sho
@@unlockwithjsr bn
Bj
I'm 40 and remember dialing into bulletin board systems in the 90s, which were like a precursor to the internet. Crazy times
Crypto will be the next bubble. The survivors will change the world.
Exactly, so we have to chose wisely.
NFT
@@RaviShirpaliBeen in crypto for so many years, I still don't get what's the value in nfts...
@@rohitghali Underlying tech is Ethereum. The tech allows data transfer via blockchain rather than just the transaction data itself. In theory, you can build apps from it which rely on smart contracts for execution of encrypted data. Unlike Bitcoin, for obvious reasons, it's in unlimited supply. That makes it less valuable over time, unless the "killer" app is developed - but that "killer app" would probably be an international banking system, which would set it's own rates independent on the actual ownership of said coin.
@@gawbagecan that answer probably just confused me more as to what the value in an nft is lol. sounds like they are trying to recreate a system that isnt broken, except the new system just costs a shit ton of money to use.
20:29 "Are you still watching"? WTF man, that was so interesting video, how could I not watch it fully xD
Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline.
@16vjtdalfa have you seen what the price of microsoft is? most noobs tend to over complicate investing which is why they don't make anything!
@16vjtdalfa your right price to earnings are like 50x it's insane.
Bubble is going to burst and it will inflate again and again in somewhere. I guess it is quantum computers that will experience the next bubble in the future, since it is quite promising and investing expectations will be quite high after cryptocurrency burst/covid-19 recession. Those people who gambled their savings will try to recover.
@@turbanlisimge16 You are bang on my friend. Great assessment of what is to come. 👊
I remember my 33.6k modem, plus if anyone picks up the phone to make a call you got disconnected from the internet. What a time ahaha
"Are you still watching?"
Me: Yes of course, I want to know how today's story will end. History predicts the future after all.
If you're trying to avoid losing a bunch of money in a stock market crash just buy engery stocks and reits for now
The jump in the quality of production in these vids in such a short amount of time is very impressive, I'm hooked and binge watchin em...well done people, well done...🔥✌🏻
We figured we needed to do that if we wanted to get to those 1M subs
same here.... it was so visually pleasant to watch
8:39 I think the phrase "party like it's 1999" was coined in 1982... So I think it's more metaphorical than literal!
“There’s something very familiar about all this” - Biff Tannen
Great quote
@Alan Silvestri, Pure gold comment, lol
I was there Gandalf, 3000 years ago... Jokes apart, I lived that period and it is amazing how you managed to nail the feeling of that era. Great Job !
I get so mad when people joke about Y2k. My dad wrote code for 3 years for HP. That's 3 Christmas mornings I didn't see my dad. Y2k didn't happen because people didn't see their families
I feel this
Your dad was just out getting cigarettes
Your dad was doing real work and solving an actual problem. But there were significant parts of the Y2K story that were greatly exaggerated and even straight up lies to sell magazines and software.
When we make fun of y2k and call it a hoax, those are the people we're making fun of, not people like your dad.
your Dad spent Christmas with his other family.
So true. I helped to fix the 2Yk problem for Ericssons AXE telephone switches and there were a lot of faults.
As someone who works in data analytics (I code a lot so tech) I’m very worried that we are coming upon a new bubble pop in tech. I work for a more recession proof industry, doing analytics for a non-tech grocery chain company, but I still feel anxious. I really hate how many companies treat employees like disposable & how investors love layoffs. I’m glad I’m working in a more computer science role but I really have an Econ background in education so I can go back to that more if needed & my skills will transfer (economists code as well).
I am a relatively young lad, but I remember when my friend download 1mb through internet and it took "only" 30 minutes and I was impressed how fast it was :D
I couldn't imagined that those speeds or even faster will be available one day on a wireless system or even on a phone (and don't cost arm and a leg at the same time).
I dont remember this at all. I was too busy pounding four Lokos and getting thrown out of bars for pissing in the kitchen sink. What a time to be alive.
Tell your kids these tales one day. They will look onto thee, and proclaim "My Dad is a fookin' Legend"
It struck me when you opened with "all I cared about was my N64" - if only our parents stuck with fundamentally sound companies like Nintendo...
Cisco built the backbone of the internet and has continued but is still 40% from 2000 highs.
"Party like 1999" was a saying that started in 1982 with a prince song..... I remember it was popular to say in the early 90;s. So the actual things that happened in 1999 have nothing to do with that saying
Yeah, it was about predictions of the world ending in the year 2000. Party like 1999, in other words, party like the world's about to end.
All it'd taught me was there was so much variables and each of those variables is like a professional profession like a doctor or engineer, it'd need so much research or you're already too rich to lose a significant enough amount if your try, failed.
Ahh I miss being a 90's kid goring up, I miss I could go back to my childhood for all the awesome toys I had back then
What a magical time early internet was.
I appreciate that the video is 21:21 long
13:12 Thanks for touching on that. The US seems to like complicating things for no apparent reason.
I have watched many videos, have read countless hours about dot com bubble but this video is the best summary of them all.
Thank you!
I enjoyed this apart from "they don't say party like its 99 for no reason", you're right we say it because of the song released by Prince in 1982.
This!
2002: OK, we learned our lesson
2022: Didn't say we remembered it
The only logical date format is the ISO standard YYYYMMDD. Date strings in this format, when sorted alphabetically, are also sorted chronologically.
It is also the Chinese date format fwiw
Lol, I was looking for this comment!
@@ongeri and hungarian too...
I may be MDY but I’d be willing to switch to that
THIS. THIS. THIS.
Him: Yes, "that" Marc Andreessen
Me: Who???
Also at 2:42 I think you mean bits not byes (not criticizing, just saying). Awesome video BTW. Very good presentation and I love the graphics.
I'm surprised your thumbnail nailed the timing ... unless you updated the thumbnail to this year
He did
He did, so sly
08:40 “let’s party like it’s 1999” is not related though. Prince sang about that in 1982...
imagine some mad man done a 50x leverage short as soon as it started crashing
If WSB was alive back then, totally possible lol
watch "the big short" ;)
That mad man was Mark Cuban's put options on his own stock.
Mark Cuban was created that day.
I lived and lost in the 2000K bubble. He told it perfectly.
Caya: Are you still watching this 21 minute long video?
Me: 21min? What the hell?
😇
What!?! It’s 21??? 😂😂
This pre-2K craze had also attracted scammers like Syncronys, which promised that their program SoftRAM would allow to store twice as much data in the (very expensive) RAM (which it didn't, it just enlarged the Windows swap file on the hard disk). The main aim of that company wasn't to make functional programs; it only wanted to attract enough buyers that their penny stocks would grow exponentially, then they would take the money and run. Only that they got intercepted by some PC tech magazines, that got suspicious when they noticed the rather unlikely feat that Syncronys claimed to have achieved, and started investigating.
And here we are several years later in a different big bubble.
This was a great video man im 36 and i grew up in the 90's i remember so much you just showed
Thanks for making us re-live this important event. The production of this documentary is amazing too.
Thanks, Prince! Hoping to raise the bar to these videos from now on.
Back in 1999 my aunt demanded we all come out and be prepared to spend some time at her rural property because of Y2K. She had a well, food stock piled and ample wood for heating over winter. She was very worried the grid was going to collapse.
Fast forward 21 years... I'm the prepper. I just wish I could afford a property like that.
We don't see eye too eye on many things, but we can come together on having the skills, knowledge and frame of mind to take care of those we care about.
I snuck down to the basement while everyone was counting down to New Years on Y2k at the party I was at, and switched the power off when they got to 0.
This is absolutely incredible. I've always wanted to really understand why and how the dot com bubble happened
Amazing! Thanks for the comment.
I see alot of simularities with the crypto market. Weve had 2018 but the next one will be worse. Only the coins with real value will survive.
"Party like it's 1999" is a reference to the Prince song as he was imagining 1999 in the future in 1982. Nothing to do with the stock market in actual 1999
Great video! Learned a lot. Also, didn’t know Y2K could be such an issue for the date formatting in computers. A trivial problem of that time but such minute thing now. Also, something to look back and appreciate the effort went behind solving it.
@00:26 is really all i knew too, so this video really helped to explain things a little better. Excellent video and well timed.
bro predicted the future
🤷♂️
@@slidebean 👏
And the year might be correct too
Well, you timed this vid almost perfectly. I'm refreshing my memory.
there's literally no reason for me to use traditional TV ever again ahahahah
Amazing detailed video, I’m 35 and work in technology so I saw the times and my household go from a Pentium 1 to the internet and beyond!
Who remembers Lycos!
Seems like time just proved this video right last week
I got on the internet in college in 1990. When Mosaic was released (I had to download it and compile it on a SUN workstation to get it to work) I was amazed by it and knew right away it would change the world.
The production value of this video: 📈📈📈📈📈📈📈
The stock market in 2000/ 1 📉📉📉📉📉
Loki is out and I am here, on your channel, bing watching every video you have posted. That's amazing man. Your channel definitely deserve way more subscribers than it has already. Love the content, love the script, love the execution! Thanks for sharing ;) :D
Loki can wait 😉 Glad to have you here! Feel free to share our stuff so more people can enjoy it too.
See you all here in novemeber to discuss about the short gains
I can't get over how awesome the graph on the table for internet speed is. To render it and then interact with it like that is something I would expect on a main stream / high budget production on something like CNBC or something.
Thank you!
The n64 is a perfectly fine thing to care about
It's still funny to me hearing "the last century" and realizing 2 seconds later they're talking about the 1900's.
This video is by far the most AMAZING video you guys have ever made! the amount of work that was put into it is so obvious on how high-end and valuable it is. great job Caya and the whole team behind it ❤
Our pleasure! Glad you enjoyed it.
This video is aporossimative! Where were you in 2000? I may have the answer
Very informative - thank you. I see @17:24 that Skyler from Breaking Bad also lost her job in the bubble burst...
14 year old me earned enough money for a down payment for a house while "prepping" computers for y2k....
34 year old me thanks myself
Wow, did u really make that much? I remember there was a mad dash to get upgrades done and a lot of $$ was getting thrown around.
Same here! But my house was zero up-front! :)
@@rokyericksonroks we made that much. Anyone that could flash a bios made upwards of $150 an hour, full timers 150k a year.
@@top_nigerian_news ..........Y2K didn’t kill more than 500,000 Americans......
@@top_nigerian_news The advantage of covid19 is that is doesn't have a deadline. They can just invent new mutations and go on and on and on...
@2:49 Am I the only one that recognise this sound?? Literally heard this when calling my house phone many times back when I was a kid.
High quality production
This channel is top shelf! Thank you for your informative videos!
This is a high quality video, well researched, made entertaining & interesting. No bait jargon. Well done man.
This is worthy of many repeat watches. So much history covered!
This vlog is so timely! The dot com bubble was internet 2.0 and those companies that survived are now worth Trillions of dollars. Blockchain or web3.0 bubble burst is about to happen and only those coins with utility and real value will survive and will become the new trillion dollars industry.
U guys shud become really big TH-cam channel. Ur vdo quality is amazing 🔥🔥🔥
Hope u reach the million mark soon
We hope we reach a million soon. Make sure to like and share 😉 💙
the content, the editing, the delivery are so damn good
hands down one of the best youtube channel I've seen recently
Share our channel around 😉
Very good video! It seems I’m a bit older than you (I graduated in 99 and was in the during this time). You hit the nail on the head and brought back a lot of memories as flash backs.
I don’t know if we are in the exact same situation, however there is an old saying worth keeping in mind - “History may not repeat, but it sure does rhyme.”
As someone who is gen z and has no idea of the dot com bubble, I see companies that have a decent business that vastly overvalued like door dash, roblox and spacs that have been overhyped. I’m wondering if it was the same for companies in the dot com era that actually had a decent business but very overvalued, did they get popped too?
@@jackchen1717 Well I can't speak for everything (I worked in the Auto industry back then and didn't watch the stop market like I do now), but I seem to remember Ford and GM being top 5 revenue companies which were considered highly profitable. Work Conversations in 2000 were about whether you should buy stock in GM at $100 because it was going to $150 soon. Needless to say by 2008, GM Traded at around $1. Now it is close to $50ish (And yes I still think it's overvalued).
I make this point only because people point to companies like Netscape and the "Dot Com Bubble" and I just remember the whole market having a ton of Euphoria. It was almost like you couldn't lose money. Then as a society we got culture shocked that yes you could.
This isn't to say you shouldn't have invested then, just like now its extremely important to do your own due diligence. I say this because even if you bought Apple at its peak during the dot com bubble, every dollar you spent toward it then would be worth over 100 today.
So Best advice I can give is to take all media with a grain of salt, look toward the future and see what you think life is going to look like, then invest in companies with plans to get there and balance sheets to weather the storm, lastly continue to keep up on them to make sure your thesis hasn't changed.
If you do that with even a couple of companies, you will likely retire far earlier and wealthier than others.
I graduated from college in IT in 1999... that sucked...
I left my job right before 9/11/2001... and was out of work for 10 months... that sucked...
THEN I bought a house in Nov 2007... that sucked...
Let's just say I'm ready for 2022/2023.
I just graduated back in 2021, 1/2 of my CS graduating class didn't survive and end up doing non computer stuff at all in their career. Gone were the super good pay and of course we were barely surviving till probably around 2006 or so. Watching your video reminds me that today's COVID is back then's Y2K, today's crypto is back then's dot com, and today's China Evergrande is back then's Japan entering recession. So my guess is after COVID is finally over the stock boom is going to end.
Oh, BTW my first job in 2020 had a new grad salary of $50k, after the bubble pop I found a job 1 year later for $36k, it was something I couldn't survive on for long, then 3 years later it became $56k in another company, then in another 3 years it became $90k. Now the new grad salary is about $80k in the similar field but in FANG I heard you can get $120k, and those senior engineers in FANG get like $350k.
He was spot on; tons of stocks spiked during Covid, but then plummeted after
Frustrating thing about the Y2k bug: It was identified as a major risk early and people sunk a *lot* of time and effort into preventing anything terrible from happening. They succeeded! And the mass reaction was "Oh nothing happened. Why were we ever even worried about that?". >_
Same thing with ozone layer and Montreal Protocol.
The millenium bug was very limited and affected very old systems only. It was used to fool people but it waa not done by IT peopl, it was made by people working on finance because they are greedy frustrates loosers.
In 2038 there could be a similar problem with unix/linux operaring systems, and could impact more systems.
Anyway, today we have millenial bugs everywhere on the planet.
@@gmail3804 Just like polio. It only affects one in 1000 children.
As a software guy, it was an opportunity to go into the code and clean up crap that shouldn't have been there in the first place. These days its called "technical debt".
"Mr. Market is a crazy, irrational guy. Take advantage of him whenever you can" -Warren Buffett
This is the only video I've seen of yours but I have to say I really like your camera. It's not super sharp and feels more natural (vintage). As a profesional photographer, thank you for this.
Awesome video. Finally, a proper breakdown of what the hell happened while we were too busy minding our own business 🤠
Glad you liked it!
Before the Internet and web pages there were bulletin boards (BB). Using a command line serial communication program such as minicom, you would dial up another BB modem and access the text based menu of Doom type games to download or programming articles to read. You could also setup your PCs to upload and download, or for company Email transfers, using a telephone line and a 2800 bit modem (super slow). That was back before the Internet in the late 80s and early 90s.
Nice summary! I also clearly remember my university classmates debating whether the world will end on 2YK...
Y2k
7:07 He literally said STONKS!!!