A couple of others I can think of:

  • Crypto-boom of 2016ish: GPUs/mining rigs
  • LLM/AI hype nowish: User generated data
  • 90’s dotcom bubble: Server space
  • Cryophilia@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    2 months ago

    Yeah but that’s not what selling shovels means.

    A gold rush is a bunch of fools chasing the latest hype. Like AI or the dot com boom or NFTs.

    Selling shovels is when you don’t buy into the hype, but you make money off of the fools who buy into hype.

    You’re just talking about standard economics.