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Bitcoin is a potentially revolutionary technology in a very early stage. The important new part, the consensus algorithm, is ground breaking. Now, the very fir

Bitcoin is a potentially revolutionary technology in a very early stage. The important new part, the consensus algorithm, is ground breaking. Now, the very first implementation (Bitcoin) kinda sucks, like most technologies in their first versions. But there are newer generations, each more interesting, and each unlocking more possibilities. We are for example getting: * No-autority enforcement of contracts (Ethereum). * A distributed computation (operating) system (EOS). * Decentralised finance, for example lending platforms (AAVE). * Cash-like payment system suitable for real-world payments (Monero). We're only eleven years in so it's a bit too early to say if it's all rubbish or if it will change the world.

wil421 6y ago
Bitcoin is over a decade old by now. It’s certainly not become a revolutionary technology and is not in its infancy.
- louwrentius 6y ago
  Fully agree, I bet somebody will reply that Bitcoin is like the early internet soon... https://davidgerard.co.uk/blockchain/2018/04/05/debunking-but-bitcoin-is-like-the-early-internet/ https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu...
- godelzilla 6y ago
  They're talking more generally about cryptographic protocols which have advanced far beyond bitcoin.
lottin 6y ago
Do you have any idea about what 'finance' is? Shuffling money around is not finance.
- rodiger 6y ago
  Do you know what Aave is or any of the other decentralized finance protocols? Also: "the management of large amounts of money, especially by governments or large companies" it literally is shuffling money around.
  - lottin 6y ago
    Good luck!
davidgerard 6y ago
> potentially revolutionary this seems to mean "not actually revolutionary" in practice