5 ms·
No, definitely Bitcoin
by soneca 7y ago
No, definitely Bitcoin
- joeyspn 7y agoAgree, particularly this bit describes the blockchain hype... > "various 'experts' on it will spring from nowhere to lecture us all about it"
- leoc 7y agoI suppose that partly depends on exactly how novel the blockchain part is, but broadly speaking the world of efforts to combine some of electronic money, cryptography, proof of work and decentralisation was not a new one in the late 2000s. For example Ecash had been hot once https://en.wikipedia.org/wiki/Ecash https://en.wikipedia.org/wiki/Ecash , while later on Hashcash got a fair bit of attention as a possible solution to the spam crisis. In 2007 (early 2010 is another story) it was definitely more of a deep cut than AI or cloud, though.
- jaggirs 7y agoAI was hot too before winter came
- maxerickson 7y agoBitcoin isn't really all that cool though. It replaces trust with massive resource consumption and doesn't do a good job of being digital money (it is hard to use safely, it is hard to use anonymously).
- joeyspn 7y agoIt is cool because it really disintermediates powerful entities. Maybe the first iteration of digital money/assets is not that efficient, but that could also be argued for many other innovative technologies. What is groundbreaking is the concept of P2P value exchange. And that's what bitcoin really is, still a young PoC that will surely evolve or get superseded by a 2.0 tech. The genie is out of the bottle....
- icebraining 7y agoEh, bitcoin is still a cool proof-of-concept. It's just that as it often happens, people took it to production when they shouldn't.
- RedBeetDeadpool 7y agodefinitely Bitcoin/Blockchain. I wouldn't say it will actually disrupt traditional banking empires, but it was the next big thing and 'experts' definitely came out of nowhere and its still pretty cool.