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The Blockchain is TCP/IP with History. That's how you think about it and once you do that a huge amount of things open up. Some of those might not make sense t

The Blockchain is TCP/IP with History. That's how you think about it and once you do that a huge amount of things open up. Some of those might not make sense to the current cohort of developers, proponents, and critics but the next coming generations will grow up with this normalized and will find plenty of ways to use it. The most underappreciated part of the blockchain is its ability to create a secondhand market (not secondary) for digital assets. This means that digital assets will be able to increase in value if ex-owned by the right person (think an ebook who was owned by Obama. If you think this is far out I urge you to look at the art industry to understand how things with no inherent value gets traded for often insane amounts. Collectors Cards (Crypto Kiddies) this is only the beginning and when I look at the kind of things my son care about it's fairly obvious that digital memorabilia is going to be a huge industry. Digital Identity this is going to be the defacto standard in a few decades, decentralized is the future. So hate it or love it. The blockchain is here to stay and there is nothing wrong with us not having found any real traction for it yet outside the speculation space, it will come because the fundamental properties are sound and useful. It's worth spending many more billions on this to get it to to become the 2nd layer on top of TCP ip on the internet. That's my take on it. Edit: I'm genuinely curious. Why the downvotes? Did I say something wrong?

CryptoPunk 9y ago
>>The Blockchain is TCP/IP with History. Great analogy. A canonical history is useful for preventing double spending, but also any kind of collaborative endeavor. Without a shared history, there can be no consensus on the present state.
ifdefdebug 9y ago
> I'm genuinely curious. Why the downvotes? Did I say something wrong? "The Blockchain is TCP/IP with History" - this is just sound bytes, noise without any substance, technically wrong, and could have triggered most of your readers to stop reading right there and press the downvote button.
- ThomPete 9y ago
  The title of the Post starter isn't technically right either so that's hardly a reason to downvote as that's not really the purpose of the articles. Understanding bitcoin isn't about understanding the technology any more than understanding economics is about how you technically print money. Analogies are very important and the analogy I use isn't that wrong and not without substance, in fact, I provide that. I am not the only one who think of it like that https://www.wired.com/2015/01/how-bitcoins-blockchain-could-power-an-alternate-internet/ https://www.wired.com/2015/01/how-bitcoins-blockchain-could-... It wasn't the creator of TCP/IP that created Google, Facebook or any of the other big companies out there and it most likely won't be that either with Bitcoin.
  - ifdefdebug 9y ago
    You asked a question, I provided an answer. There is no point for me to discuss this any further.

CryptoPunk 9y ago

>>The Blockchain is TCP/IP with History. Great analogy. A canonical history is useful for preventing double spending, but also any kind of collaborative endeavor. Without a shared history, there can be no consensus on the present state.

ifdefdebug 9y ago

> I'm genuinely curious. Why the downvotes? Did I say something wrong? "The Blockchain is TCP/IP with History" - this is just sound bytes, noise without any substance, technically wrong, and could have triggered most of your readers to stop reading right there and press the downvote button.

ThomPete 9y ago
The title of the Post starter isn't technically right either so that's hardly a reason to downvote as that's not really the purpose of the articles. Understanding bitcoin isn't about understanding the technology any more than understanding economics is about how you technically print money. Analogies are very important and the analogy I use isn't that wrong and not without substance, in fact, I provide that. I am not the only one who think of it like that https://www.wired.com/2015/01/how-bitcoins-blockchain-could-power-an-alternate-internet/ https://www.wired.com/2015/01/how-bitcoins-blockchain-could-... It wasn't the creator of TCP/IP that created Google, Facebook or any of the other big companies out there and it most likely won't be that either with Bitcoin.
- ifdefdebug 9y ago
  You asked a question, I provided an answer. There is no point for me to discuss this any further.