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That's the part that gets me. Bitcoin has scaling issues, is slow and transaction fees are outrageous. Still, I have no doubt some form of crypto-currency will

by mmgutz 9y ago

That's the part that gets me. Bitcoin has scaling issues, is slow and transaction fees are outrageous. Still, I have no doubt some form of crypto-currency will eventually win out.

xutopia 9y ago
I connected to the internet with a 14.4k modem and I'm connected to fiber today. Bitcoin is in its infancy. It's a matter of time until it reaches the levels we require for handling all the transactions that we want to happen.
- bluetwo 9y ago
  Yes, and you connected with AOL and used Netscape to search with Yahoo to buy music from CD-Now.
- __MatrixMan__ 9y ago
  But how much of the code that used to support your 14.4k modem is still used to support your fiber connection today? It seems likely that the dominant currency of the future will be heavily inspired by Bitcoin--but will it be the same blockchain Bitcoin uses today? Seems unlikely to me.
  - icedchai 9y ago
    We'll assume he was using PPP or SLIP when he had a 14.4k modem. TCP/IP has been around for 30+ years. So, yes, a lot of that code is still "supporting" his fiber connection.
- mmgutz 9y ago
  I have no doubt the block chain is the future and one backed by governments. I think Bitcoin and Ethereum are the MySpace before something better came along. They have so many issues that better technology will win out. Being first doesn't guarantee anything nor better technology for that matter but in this case crypto is all about technology not just an experience.
kfrzcode 9y ago
Blockchain tech will be to the next three decades what the internet was to the last. Crypto is one facet of a very interesting geometry.
- antoniuschan99 9y ago
  We may be in the dot com era but with Crypto. The ICO's are like the Webvan and Amazons - similar to how businesses used the Internet to serve their respective industries, we are now using ICO's to serve specific markets. Rentberry for Rentals, Enjincoin for Games. With so many new ICOs, it feels like the early Startup Scene but now it's with a focus in Cryptocurrency.

by mmgutz 9y ago

That's the part that gets me. Bitcoin has scaling issues, is slow and transaction fees are outrageous. Still, I have no doubt some form of crypto-currency will eventually win out.

xutopia 9y ago

I connected to the internet with a 14.4k modem and I'm connected to fiber today. Bitcoin is in its infancy. It's a matter of time until it reaches the levels we require for handling all the transactions that we want to happen.

bluetwo 9y ago
Yes, and you connected with AOL and used Netscape to search with Yahoo to buy music from CD-Now.
__MatrixMan__ 9y ago
But how much of the code that used to support your 14.4k modem is still used to support your fiber connection today? It seems likely that the dominant currency of the future will be heavily inspired by Bitcoin--but will it be the same blockchain Bitcoin uses today? Seems unlikely to me.
- icedchai 9y ago
  We'll assume he was using PPP or SLIP when he had a 14.4k modem. TCP/IP has been around for 30+ years. So, yes, a lot of that code is still "supporting" his fiber connection.
mmgutz 9y ago
I have no doubt the block chain is the future and one backed by governments. I think Bitcoin and Ethereum are the MySpace before something better came along. They have so many issues that better technology will win out. Being first doesn't guarantee anything nor better technology for that matter but in this case crypto is all about technology not just an experience.

kfrzcode 9y ago

Blockchain tech will be to the next three decades what the internet was to the last. Crypto is one facet of a very interesting geometry.

antoniuschan99 9y ago
We may be in the dot com era but with Crypto. The ICO's are like the Webvan and Amazons - similar to how businesses used the Internet to serve their respective industries, we are now using ICO's to serve specific markets. Rentberry for Rentals, Enjincoin for Games. With so many new ICOs, it feels like the early Startup Scene but now it's with a focus in Cryptocurrency.