4 ms·

All this was thought about the last time bitcoin spiked. Bitcoin is 9 years old. The iPhone wasn’t even around when it was born. If bitcoin was gonna revolut

All this was thought about the last time bitcoin spiked. Bitcoin is 9 years old. The iPhone wasn’t even around when it was born. If bitcoin was gonna revolutionize money, bookkeeping, governments, and life in general, it would have happened already. The truth is, all bitcoin is at this point is an advanced form of gambling....

brm 9y ago
Point of order... iPhone June 2007, Bitcoin January 2009
dpiers 9y ago
Bitcoin came out in January 2009, and the first iPhone came out in June 2007. Other than that minor detail, I generally agree with your comment.
deleted 9y ago
[deleted]
hectorr1 9y ago
The pace of technological development in the past 20 years has been driven by scaling processing, storage, bandwidth, and networks. The intellectual, legal, cultural, and social infrastructure to make that happen already existed for the most part. When tech has an impact deeper in the societal stack, it takes a lot longer for its impact to be felt. NB: Eternal September was in 1993, when Usenet went mainstream. Facebook, Twitter, etc weren't invented for another decade. Since then, they've both toppled dictators and elected a reality TV star to the Presidency. Change happens gradually, then suddenly.
nicky0 9y ago
iPhone was a year old when Bitcoin was born.