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Similarly, during the late 1990s, people tried to make an internet version of EVERYTHING, even when it made zero sense. That’s where we are with blockchain toda
by ttul 9y ago
Similarly, during the late 1990s, people tried to make an internet version of EVERYTHING, even when it made zero sense. That’s where we are with blockchain today.
- adamnemecek 9y agoRight. That’s how technology works. But internet right now is undeniable. Block chain will be the same.
- acdha 9y agoThe internet was undeniable back then, too, which is a huge difference. Millions of people used it for a ton of different purposes, so even though a bunch of businesses were pricing below cost the customer demand was clear. In contrast, nobody has come up for a legal use for bitcoin which many people need and is better than the alternatives. Some of the other blockchain ideas are more useful but again struggle to beat traditional PKI.
- lmm 9y agoThe hype reminds me more of Second Life. People put everything on Second Life, but no-one could ever say quite what it was for. It never "crashed" as such, it just gradually faded away.
- tarikjn 9y agoTalking of PKI, Blockchains are actually a great use case to render PKI more secure [1]. It can help secure CAs' and Keybase is using it as well as a second factor [2]. All that stuff still need some more development obviously. We're still in the early days. [1] https://www.cryptomathic.com/news-events/blog/how-digital-signatures-and-blockchains-can-work-together https://www.cryptomathic.com/news-events/blog/how-digital-si... [2] https://keybase.io/docs/server_security/merkle_root_in_bitcoin_blockchain https://keybase.io/docs/server_security/merkle_root_in_bitco...