In fact, the truth could be that a technology (any technology) that has network effects and scales over time will, in most cases, become an existential threat to other existing business models.

☞ “Video games just a passing fad, top toy company executive says” December 3, 1977, The Tampa Times

☞ “This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” 1876, Western Union internal memo

☞ “Since #Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised. Bitcoin’s last stand” 30 November 2022, ECB