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The failure rate for cryptocurrency experiments will be high, but I’m glad to see people trying. We’ll collectively learn from the efforts. Whatever the number
by paulsutter 8y ago
The failure rate for cryptocurrency experiments will be high, but I’m glad to see people trying. We’ll collectively learn from the efforts. Whatever the number of frauds doesn’t detract from the set of smart guys who are likely inventing something significant.
EDIT: I should have said "may be inventing". It's my opinion of a >50% chance that Vitalik's work will lead to something significant, for example. Some people will disagree and that's ok too.
- pphysch 8y agoWhy do you feel that it is "likely"?
- Fnoord 8y agoThe idea is that if there's 99 shots on goal, one's gonna be a lucky shot and score. Nevermind the problem being the ball is a cube, unfit for the game...
- TangoTrotFox 8y agoNot the person asked, but think about what cryptos fundamentally are - decentralized trust among anybody. If it doesn't strike you as how tremendous a tool that is, consider that many things, before the clever applications are developed, sound rather less than inspiring. The internet, at its most fundamental level, is nothing but the ability to send a signal representing a 1 or a 0 to another individual connected to 'the' network. That such a thing would end up completely reshaping not only the world but every aspect of our everyday lives is something that would have seemed rather hyperbolic at one time.