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
  • bionicjoey@lemmy.ca
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    2 months ago

    All of these are things where you capitalize on other people’s attempts to get rich by selling them the tools to do so

    • Cryophilia@lemmy.world
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      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.