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> Literally every dismissal of cryptocurrencies you made would have applied exactly to the Internet in the early '90s or prior. It seems I'm not getting throug
by root_axis 9y ago
> Literally every dismissal of cryptocurrencies you made would have applied exactly to the Internet in the early '90s or prior.
It seems I'm not getting through to you.
Just because two things have something in common doesn't mean that they're the same thing.
Showing that people were skeptical of the internet and blockchains does not demonstrate that blockchains will be as successful as the internet. There is no connection between the two (besides the fact that blockchains are software that run on the internet, like all things on the internet). They are totally different.
- semi-extrinsic 9y ago"They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." - Carl Sagan
- moduspol 9y agoI guess I just feel like your rebuttal would be stronger if its only points weren't the same, yet ultimately irrelevant in the case of a prior technology with many similarities. Of course they're not the same thing. That doesn't mean it's now totally valid to claim that it won't be successful due to the same roadblocks that the Internet overcame easily. Do you have any arguments against cryptocurrencies that don't mirror early problems the Internet had, that people warned about, but ended up being very solvable? I think that'd be a lot more convincing.
- Naomarik 9y agoOther than being a cryptocurrency, everything people are using blockchain based solutions for can be solved in a much more robust, complete, and scalable way using conventional software tools. This is why it's not the revolutionary thing everyone is saying it is. As a cryptocurrency blockchain is the killer implementation. For anything else it just becomes a ridiculously bloated, clumsy, and slow database that hardly anyone understands and wastes electricity.