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You're right about the economics of it, but I think seibelj is discussing something else. To give a goofy analogy: if it turned out that space travel was mostl
by Gunax 6y ago
You're right about the economics of it, but I think seibelj is discussing something else.
To give a goofy analogy: if it turned out that space travel was mostly gimmicky and used to cheat people, that would not undo the great technical achievement that it is.
Crypto is one of those things that no one saw coming. I dont think most people--even rather technical and well read--even considered such an idea prior to 2007.
- shrimpx 6y agoPeople had been thinking about digital money for decades but didn’t know how to solve double spend. Proof of work was around since 2000 or so (hashcash) but it wasn’t until satoshi that these ideas were congealed together in the form of the blockchain.