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Key difference: dot-com bubble followed successes like Yahoo, Amazon, Hotmail. What are the crypto equivalent of the Yahoos that have a material product and use
by zaidf 8y ago
Key difference: dot-com bubble followed successes like Yahoo, Amazon, Hotmail. What are the crypto equivalent of the Yahoos that have a material product and user-base?
- GuthL 8y agoBitcoin and ethereum are such successes! On a smaller scale but growing, 0x is doing an amazing job.
- zaidf 8y agoWhat’s their end product to date besides speculation?
- bredren 8y agoIt is in heavy use in black markets and for illegal enterprise such as ransom. So the product is successful transactions outside many laws.
- mrhappyunhappy 8y agoThe same can be said of cash. Can we agree that this has been played to death by now?
- zaidf 8y agoCash can be used at tens of thousands of locations for non-shady uses. Same can’t be said of crypto.
- rootsudo 8y agoSame can be said for the Internet, cars, cell phones, hell a paper and pen.
- echelon 8y agoI'm thrilled to participate in building something that won't be government controlled. It's the same excitement I had when the web wasn't Facebook and Google.
- arisAlexis 8y agoI really believe that Bitcoin has a material product and user-base but I suspect you will disagree with me. Just a hunch :)
- luckydata 8y agoBelieving is good, proving is better. Every time I hear this kind of comment I've never once found a person that could give me concrete proof or simple explanations of how any of this is being "successful". I'm not trying to be a skeptic, it's just the easiest position given the situation.
- zaidf 8y agoI also think “will crypto ever be successful?” and “isn’t it just like the dot-com bubble?” are worth answering separately. I’m pretty sure blockchain applications will emerge eventually and have wide usage. But I also think crypto is more so where the Internet was in the late 70s than 90s. Except for the hype (the Internet wasn’t as hyped in 70s and 80s.)
- gm-conspiracy 8y agoHotmail success, yes. Amazon success, yes. Yahoo, had alot of money and continuously pissed it away on poor choices (Mark Cuban, just to name one. 5MB limit on email).
- just_one_time_ 8y agoThe 5mb email limit is a lot like Core's insistence on a 1 mb block size limit.
- rburhum 8y agoRipple and XRP have actual Banking software actually used by money transfer firms and banks
- zaidf 8y agoAFAIK Ripple-the-software has very little to do with crypto. It’s a centralized system to move fiat and only the super tiny fee it charges banks are paid using XRP — and that too is optional. Chuckecheese tokens have more widespread usage than XRP.
- rburhum 8y agoWhat part of "Distributed Ledger" seems centralized to you?
- sireat 8y agoRipple (the protocol) has been tested and presumably is still tested by money transfer firms and banks for evaluation purposes but not used in production. And Ripple the protocol != XRP which is kind of funny with the ridiculous valuation of XRP. XRP is a pregen (shit)coin which banks would be loathe to use.
- rburhum 8y agoI never said Ripple == XRP. In fact, I meant Ripple the company. I am not going to make a comment about coin valuations - that is a different discussion. You were looking for an example where something useful that creates real value for customers was created. I simply gave you an example of something that does.