Is there such thing as "Lost Technology," or is that a

myth?

Not really, if something is lost we don’t know about

it. There are technologies which fall out of use and
are rediscovered sometimes by later civilisations
and in a few cases only came to light due to more
modern-day archaeology.

Roman concrete is an example, strickly speaking its

novel, they used a slightly different formula to that
used today; based on portland cement, that was
created by a light-fingered brickie (bricklayer) in
Leeds, Joseph Aspdin.

I’m interested in the Minoans, there is a lot of their

technology which falls out of use around Bronze Age
collapse. Some examples include Palace coinage
(1800 BCE) assumed to be invented in the 7th
century in Lydia (actually by the same priest(ess) of
Potnia Theron); Lodestone compasses (1800 BCE)
assumed to be a Chinese invention; Aqueducts,
plumbing, central heating, and sewers, are generally
attested to the Romans but can be shown to be used
well before this, dividing callipers (ca 1450 BCE) and
Lenses (1400 BCE) which is generally attested to
Babylon 7th century BCE.

There is hard archaeological evidence which shows

these artefacts were created and used in Minoan
times. The odd thing is, when you look into Greek
mythology (oral tradition) recorded from around 800
BCE, there are often specific references to these
devices. By example, the Lodestone is accredited to
the Dactyls of Crete.