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You're right, Bitcoin is not a company, it's a technology. This is the analogy I'd make. Then (Internet) / Now (Cryptocurrencies) NCP[1] == Blockchain base
by joeblau 9y ago
You're right, Bitcoin is not a company, it's a technology. This is the analogy I'd make.
Then (Internet) / Now (Cryptocurrencies)
NCP[1] == Blockchain based decentralized consensus
ARPANET == Bitcoin
BBN Technologies == Blockstream
TCP/IP == We are figuring this out right now
Internet == We are figuring this out right now
The ARPANET turned into the Internet in the fact that parts of it were used to build TCP/IP and the modern Internet. Just like concepts from Bitcoin will eventually be used to build whatever decentralized byzantine fault tolerant mechanism we end up with in ten years. I don't think Bitcoin is the Internet, Bitcoin is the ARPANET. Also, I wouldn't say Raytheon owns the Internet. Today the Internet is owned and controlled by many different parties all built on the TCP/IP stack. Countries like China own their own internet.
In my mind, all of this work to find different decentralized consensus algorithms is work to build transport layer (OSI Model[2]). Bitcoin is an early application, but thousands of applications are now popping up, competing, and building healthier communities.
[1] - https://en.wikipedia.org/wiki/Network_Control_Program https://en.wikipedia.org/wiki/Network_Control_Program
[2] - https://en.wikipedia.org/wiki/OSI_model https://en.wikipedia.org/wiki/OSI_model