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What was Internet good for when it first came out? Like I said it was nothing more than a novelty fringe culture at best for a long time before it reached criti

What was Internet good for when it first came out? Like I said it was nothing more than a novelty fringe culture at best for a long time before it reached critical mass. It's not like I'm working on some bitcoin business or anything but I am offended that you think Bitcoin is the same type of hype as "AI, IoT, etc.". Trust me I'm the biggest hater of the AI hype in 2016-2017 (driven by VCs and BigCos for their own interest). The reason I know these are hypes is because most technical people who actually have been working in these fields know exactly what's possible and what's not, but the non-technical VCs and marketers are driving the "market" (that doesn't exist) thinking that something groundbreaking has suddenly happened. The fact is: nothing groundbreaking has happened. The technology is getting better for sure, but compared to bitcoin these are nothing new. Bitcoin is actually something new and a novel piece of technology, which is different from all the other marketing hypewords you compared it with. At this point I think the chances are 50/50 that it will succeed, but really nobody knows what will happen. Anyone claiming to know the future is being arrogant.

beaconstudios 9y ago
I think you misunderstand my point - I'm not talking about bitcoin hype. I'm actually incredibly impressed by the innovation that bitcoin represents. I don't think it's found its niche yet (aside from the obvious black market applications and pointless financial speculation), but it's a real innovation. I'm talking about "X on the blockchain" type startups, e.g. some of the companies on this list: https://medium.com/the-intrepid-review/the-top-10-blockchain-startups-to-watch-in-2016-the-leaders-who-are-changing-the-game-6195606b0d70 https://medium.com/the-intrepid-review/the-top-10-blockchain.... Many of these things are perfectly possible without using blockchains (and some are just egregious users of other buzzwords) but are more likely to get VC investment because they use over-hyped technologies arbitrarily.
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beaconstudios 9y ago

I think you misunderstand my point - I'm not talking about bitcoin hype. I'm actually incredibly impressed by the innovation that bitcoin represents. I don't think it's found its niche yet (aside from the obvious black market applications and pointless financial speculation), but it's a real innovation. I'm talking about "X on the blockchain" type startups, e.g. some of the companies on this list: https://medium.com/the-intrepid-review/the-top-10-blockchain-startups-to-watch-in-2016-the-leaders-who-are-changing-the-game-6195606b0d70 https://medium.com/the-intrepid-review/the-top-10-blockchain.... Many of these things are perfectly possible without using blockchains (and some are just egregious users of other buzzwords) but are more likely to get VC investment because they use over-hyped technologies arbitrarily.

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