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> Blockchain is like the early days of the internet, probably like 1998 right now. There were competitors to all the major internet protocols - TCP/IP, WWW, HTT

> Blockchain is like the early days of the internet, probably like 1998 right now. There were competitors to all the major internet protocols - TCP/IP, WWW, HTTP, but once everyone standardized the web flourished. This just hurts to read. I get the point you are trying to make, but spewing non-factual comparisons isn't helping. 1998 is not "early Internet", more like 1970. By 1998, TCP/IP was entirely established; it was standardized in the 1980s. "WWW" is not a separate protocol, if you already list it with HTTP. As to the overall comparison of Blockchain with "the Internet" that is so popular: I don't see it. Up until the recent modern age, the Internet was always something where demand--and desired applications--were vastly over capacity and capability. From the moment computers were networked, more people wanted to do more things over those networks, and both infrastructure and underlying technology had to grow to barely keep up (or, in fact, could not keep up--many long desired applications only became feasible in the 2000s or so). This does not resemble the history of Blockchains. Equating something with the technology that completely changed the shape of the world is a very tall order. Electricity qualifies, probably the printing press does.

xur17 5y ago
> From the moment computers were networked, more people wanted to do more things over those networks, and both infrastructure and underlying technology had to grow to barely keep up It's not exactly the same, but this rings at least somewhat similar to what Ethereum is going through - the demand is pretty clearly there (people are willing to pay very hefty transaction fees to use it), and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand.
- atweiden 5y ago
  > It's not exactly the same, but this rings at least somewhat similar to what Ethereum is going through - the demand is pretty clearly there (people are willing to pay very hefty transaction fees to use it), and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand. This is notable for confusing “demand” with speculation-fueled investment.
- mondoveneziano 5y ago
  > and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand. That seems to me to be the opposite of what I wrote about the evolution of the Internet.

xur17 5y ago

> From the moment computers were networked, more people wanted to do more things over those networks, and both infrastructure and underlying technology had to grow to barely keep up It's not exactly the same, but this rings at least somewhat similar to what Ethereum is going through - the demand is pretty clearly there (people are willing to pay very hefty transaction fees to use it), and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand.

atweiden 5y ago
> It's not exactly the same, but this rings at least somewhat similar to what Ethereum is going through - the demand is pretty clearly there (people are willing to pay very hefty transaction fees to use it), and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand. This is notable for confusing “demand” with speculation-fueled investment.
mondoveneziano 5y ago
> and scaling solutions are just starting to launch that are enabling entirely new features, which I imagine will unlock another wave of demand. That seems to me to be the opposite of what I wrote about the evolution of the Internet.