It was incredibly stupid but more like NFT stupid where people thought that in the future everybody would go to beer.com for their beer or bread.com for their bread or whatever.

Insane amounts were spent for no reason, but nobody blocked entire hardware markets or threatened nature in society to the extent that we’re seeing now.

The.com crash was hubris. This is a bunch of exceptionally wealthy people wanting to wreck the entire world and pick up the pieces.