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what parts of crypto are correctly analogized as being like the Netscape era?

what parts are incorrectly analogized?

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Honestly I don't find analogies very useful. I think Peter Thiel was right... there will never be another IBM, another Microsoft, or for that matter another Netscape. New things are new!

it's the reverse Karenina, or Aninerak's Law: "Unsuccessful startups are all alike; every successful startup is successful in its own way"