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I would definitely argue that blockchain is closer to the arpanet days than it is to the world wide web days. This stuff is so early. A lot of the really enabl
by tfha 8y ago
I would definitely argue that blockchain is closer to the arpanet days than it is to the world wide web days.
This stuff is so early. A lot of the really enabling infrastructure doesn't exist, and won't exist for years. Most builders have no idea what the true strengths and limitations are. It'll get there, but it's not a 2020 type of get there. Maybe 2025.
- hannasanarion 8y agoWhat? That makes no sense. What infrastructure? What strengths? All you're doing is solving hash puzzles because some people arbitrarily decided that solved hash puzzles have value.
- tfha 8y agoYou can tell the ordering of transactions in the absence of a trusted third party. There's an entire body of research dedicated to ordering transactions called Byzantine fault tolerance, but all of them require trusted parties to maintain consensus. Cryptocurrency is the first time we could really escape that. As for infrastructure, things like the lightning network will provide scalability, things like starks and bulletproofs can help both privacy and scalability, decentralized exchanges help accessibility.
- jonhendry18 8y agoBlockchain is closer to the early days of spam than anything else.