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I read the bitcoin whitepaper about 7 years ago. I find it funny when people talk about blockchain like it's new technology, or like it's a vision for future.

by lev99 9y ago

I read the bitcoin whitepaper about 7 years ago. I find it funny when people talk about blockchain like it's new technology, or like it's a vision for future. It's old tech that has been generally increasing in market value.

xtracto 9y ago
Exactly, Blockchain is now 10 year old technology, with a lot of implementations and technologies built over it. TCP has its root in 1974 technology [1], and it was not until the early 90's that it started showing its potential. The key to Blockchain technolgoy is the proposal of what it can solve (trusted transactions in a trustless environment). I like to see Blockchain as TCP/IP: It is going to be the foundation of bigger and more "user friendly" protocols and systems. (golem.network, storj, filecoin, eos). At some point we will get the "HTTP" of Blockchain, and over that, we will start having the "Google"s and "Amazon"s spawning as well. But if you think that, it took Amazon 20 years (1994) before TCP was "invented"... then the timing for Blockchain technology is going quite well. [1] https://web.archive.org/web/20160304150203/http://ece.ut.ac.ir/Classpages/F84/PrincipleofNetworkDesign/Papers/CK74.pdf https://web.archive.org/web/20160304150203/http://ece.ut.ac....