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> I also think blockchain, right now, is like the internet was in say, 1998, and there will be some huge companies emerging from that tech. Why do so many peop
by krawut 9y ago
> I also think blockchain, right now, is like the internet was in say, 1998, and there will be some huge companies emerging from that tech.
Why do so many people seem to think this? As someone with a background in crypto, I just don't see the resemblance. Blockchains are useful for proof-of-work and Merkle Trees give you a way to compress many individual signatures, but those things are inherently made for distributed decision making and this comes with a lot of overhead. The exact opposite of what a corporation needs.
- ttoinou 9y agoI think it can be very helpful to create alternative solution that can't (or are less risky of being) be regulated and forbidden by governments. So the more governments reinforce current monopolies, the more red tape, the more blockchains will grow.
- jv22222 9y agoIn the same way that one couldn't have predicted Facebook or Airbnb by looking at TCP/IP and HTTP in 1998, I think it's difficult to predict where the blockchain and associated technologies and concepts will take us. The point is it's a substantial new layer and has a lot of potential.