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Back in the day nobody could really build an actual profitable business out of mp3, but there's a bunch of industries that've come from mp3 eventually that nobo
by dageshi 9y ago
Back in the day nobody could really build an actual profitable business out of mp3, but there's a bunch of industries that've come from mp3 eventually that nobody could quite forsee at the time. Who'd have thought people would give up owning music in exchange for streaming? Who could predict podcasting would grow into such a huge thing?
Nobody could tell you what to do with an mp3, nobody could tell you what you could or couldn't put in it or what you could play it on (licensing I know... but you take my point). Mp3 gave everyone the ability to experiment with audio and distribute it in a way that was incredibly difficult before.
Crypto currencies do the same I think for money, they are an internet native version of something and that "internet nativeness" implies a level of creativity, flexibility and speed of iteration/evolution that can't be matched by offline equivalents.
I understand the questions you're asking and really I have no answers, but I think the "internet nativeness" of something like crypto currencies is not to be underestimated and I think it's why there's so much interest in the area.