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Define success. Are cigarettes successful for their manufacturers? Yes, absolutely,they are swimming in money. Is it a success to other stakeholders? No, it's n
by cosmodisk 6y ago
Define success. Are cigarettes successful for their manufacturers? Yes, absolutely,they are swimming in money. Is it a success to other stakeholders? No, it's not. Bitcoin is a huge success to the speculators riding the wave or early adopters who held it long enough. If smaller groups benefit from it, that doesn't necessarily mean it is universally successful.
- wanderingstan 6y agoThis is like arguing the iPhone was not a "success" because walled garden appstores are bad, or because app addiction is bad. Either of those may be true, but the iPhone was still a sucess. Bitcoin was a daring experiment in game theory, open-source protocol, and human incentives, and is a success by any common-sense measures: - Adoption of the protocol - Money devoted to protol - Human attention given to the project - Number of computers running it's code
- yortpyperty 6y agoI don't see anything successful about this comment.