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And it isn’t even true in many cases. For example the internet with the dotcom bubble. It actually became much bigger and important than anyone anticipated in the 90s.
The graph for VR would also be quite interesting, given how many hype cycles it has had over the decades.
It’s also false in the other direction: NFTs never got a “Plateau of Productivity”.
A lot of tech hype are just convoluted scams or ponzi schemes.