4 ms·
Yep, these comparisons between Bitcoin and other successful technologies are like a new type of fallacy (techno-fallacy?) where people assume that because it's
by bduerst 9y ago
Yep, these comparisons between Bitcoin and other successful technologies are like a new type of fallacy (techno-fallacy?) where people assume that because it's technically-complex it is somehow destined to succeed like other technically-complex successes.
It's a form of survivor bias because you never see or think about the technically-complex failures, or "not-successes", like the Tamagatchi, Laser disc, WebTV, Webvan, etc. I mean, how come none of it's proponents compare Bitcoin to the Segway? Sure, you can say we have hoverboards now but those are not Segway, the same way Eth and Monero are not Bitcoin.
- cantrip 9y agoThe self balancing technology in the Segway, revolutionary at the time, paved the way for hoverboards. The forms are changed but the underlying technology is the same. In the same way, Eth and Monero are further iterations of Bitcoin.
- bduerst 9y agoNo, Segway didn't. Hoverboards are specifically based off of a patent made by some guy living in Oregon, and are actually ingenuitive in their own right. There's a good planet money podcast about it: https://www.npr.org/sections/money/2015/11/27/457404184/episode-666-the-hoverboard-life https://www.npr.org/sections/money/2015/11/27/457404184/epis... Bitcoin, Eth, and Monero are all implementations of blockchain. Bitcoin is technically inferior to Eth, Monero, even Dogecoin, but that doesn't stop GP and others from comparing it to the internet's success in saying that Bitcoin is destined for similar success.
- AstralStorm 9y agoTamagotchi were actually a success that has rescued Bandai. Millions were sold. Tiny numbers are still sold to this day which is quite a longevity for a fad toy.