> I'll believe this when somebody buys a house with Bitcoin. Regardless of whether centuries-old cultural and social infrastructure evolves to take advantage o

> I'll believe this when somebody buys a house with Bitcoin. Regardless of whether centuries-old cultural and social infrastructure evolves to take advantage of this, the fact of the matter is that blockchains do actually enable this kind of electronic value transfer. And they do it in a way that results in a number of properties that are significantly different from our existing value transfer systems. It remains to be seen how important these differences are and how much of an impact they will have on our society. Will it be huge like the crypto-maximalists preach? Or will it be a passing fad that is not much more than a blip? I don't know. But that doesn't change the fact that blockchains were a genuine technological advance that enabled something that we weren't previously able to do.