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Well, first of all, it extended well beyond operating systems. It potentially affected pretty much every kind of software you can imagine running on every kind of hardware.It existed in so much as some computer OS needed to be altered.
It was overwhelmingly overstated and exaggerated in every sense as a potential threat to society.
Consensus on the dire dangers prior to the event was almost unanimous amongst IT professionals, publicly.
Second, it absolutely would have caused major disruption and economic loss had it not been addressed in time.
Now, did some people go overboard about it? Probably. You had journalists writing stories about technology they didn't understand, and a public who became gripped by the idea of planes falling out of the sky. Did some organizations overspend? Probably. Plenty used the opportunity to overhaul entire systems, which wasn't strictly necessary, but would have had to be done sometime. Some, I guess, might have spent money that wasn't needed at all.
But it's lunacy to say Y2K was a hoax. It wasn't.
I am a programmer and worked for Hewlett-Packard in the late 90s.




