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Original article can be found here
and here

Hype's love affair
with the internet, and the backlash which followed, are remarkable chapters
of our recent history. In a little over two years, the worlds of media,
PR, and corporate finance staged a breathtaking about-turn in their positions.
The mood changed from fascination with online technology, to disenchantment
and eventually outright hostility. Yet all the time, internet usage steadily
increased. Each day this week we pick a key moment in the shifting sands
of opinion.

No. 2: Suspicion sets

The old-school internet
community realises the e-commerce bandwagon is promising more than it
can deliver. In its earliest days, the internet had been championed by
a small, technically-minded community. They had an inkling of the net's
potential, but even they probably did not know how much hype would come
to surround it. But in spring 2000, a sense seemed to grow among the old
school net community - those who had been in the business for maybe four
years or more - that there were an awful lot of people piling in who didn't
know what they were doing. This suspicion of the latecomers grew into

Typical of the way
the members of the old school viewed these people was the character Nathan
Barley, created by Charlie Brooker for the TV listings spoof
A June 2000 issue of TVGoHome gives some clue as to how Nathan Barley
was viewed: "Nathan Barley rides a tiny metal scooter along the pavement
in the direction of an overpriced 'gastro-pub' in order to attend a meeting
with a group of worthless toffee-nosed sh**s intent on setting up an internet
radio station with an elaborate Shockwave interface, eternally doomed
to be of interest to absolutely no-one other than themselves." One old
hand, now a senior figure in the new media industry, recalls the attitudes.
"Nathan Barley tells you all you need to know about how the old school
new media view the new arrivistes - most of whom are now culled," he says.
"The old school net geeks watched the madness of the last two years from
the sidelines thinking: 'Who are these people?'" It was in this atmosphere
that a wave of graffiti appeared on various buildings in the heart of land - Hoxton and Shoreditch in east London. (Click
here for more pictures.

The slogan was part
of a viral marketing campaign for a series of "events" by art group
Artist Leon said the inspiration had been a growing sense of hostility
to the way the internet was being used by big business. The slogan had
been meant as an dig at the whole new media community. After working in
the industry, he says, he had come to hate the internet. "I mean 'e-commerce'!
Why would you want 'e-commerce'? That's what you've got shops for. And
banks online? The banking world is so strong why would they have to go
into the internet?" he says. But the slogan struck a chord with the net
community purists and found a currency of its own. The artists now sell
T-shirts and hooded tops with the design printed.

One net veteran says:
"I first saw it right at the height of the microscootered mullet-multimedia
scene in Hoxton a good 12 months ago. "I think it raised a giggle among
the old guard, those of us who'd been around since Mosaic [the early web
browser which preceded Netscape]. Sometimes that laugh was a nervous titter
as you wondered whether you were succumbing to the hype and hysteria yourself."

This recognition had
not been something Leon and his fellow artists had expected. "The graffiti
was done before the thing crashed, and now it has it holds a completely
different meaning. "Now it's the people within the industry who are saying
it - before we thought it was a statement outside the industry, aimed
at the people in the Shoreditch crowd. "It's almost been taken up as a
banner by the new media industry because everyone's been sacked or made
redundant." And he, at least, has been encouraged by the backlash against
the internet. "It doesn't really make a difference if a hundred dot.coms
crash, the kids are still putting up their MP3s and their warez," he said,
referring to files and data they want to share. "The real utopian dream
that this would be a superfast information highway for everyone to exchange
information and ideas is still there."